Fft Wealth Management adds Ferrari N.V. (RACE) to its portfolio

Ferrari N.V. (RACE) : Fft Wealth Management added new position in Ferrari N.V. during the most recent quarter end. The investment management firm now holds 4,000 shares of Ferrari N.V. which is valued at $213,040 , the company said in a statement filed on Nov 14, 2016 with the SEC.Ferrari N.V. makes up approximately 0.09% of Fft Wealth Management’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in RACE by selling 3,013 shares or 57.36% in the most recent quarter. The Hedge Fund company now holds 2,240 shares of RACE which is valued at $119,302. Ferrari N.V. makes up approx 0.01% of Group One Trading’s portfolio.Tower Research Capital (trc) reduced its stake in RACE by selling 1,455 shares or 82.91% in the most recent quarter. The Hedge Fund company now holds 300 shares of RACE which is valued at $16,467.Cibc World Markets boosted its stake in RACE in the latest quarter, The investment management firm added 19,927 additional shares and now holds a total of 108,119 shares of Ferrari N.V. which is valued at $5,460,010. Ferrari N.V. makes up approx 0.02% of Cibc World Markets’s portfolio.Baker Ellis Asset Management reduced its stake in RACE by selling 575 shares or 7.83% in the most recent quarter. The Hedge Fund company now holds 6,765 shares of RACE which is valued at $357,666. Ferrari N.V. makes up approx 0.11% of Baker Ellis Asset Management’s portfolio.Acadian Asset Management reduced its stake in RACE by selling 4,260 shares or 33.67% in the most recent quarter. The Hedge Fund company now holds 8,394 shares of RACE which is valued at $441,105.

On the company’s financial health, Ferrari N.V. reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.50. The company had revenue of $783.00 million for the quarter, compared to analysts expectations of $767.72 million. The company’s revenue was up 8.3% compared to the same quarter last year.

Many Wall Street Analysts have commented on Ferrari N.V.. Societe Generale Initiated Ferrari N.V. on Oct 13, 2016 to “Sell”, Price Target of the shares are set at $45.

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