Ferrari (RACE) Shares Bought by Ontario Teachers Pension Plan Board, Report finds

Ferrari (RACE) Shares Bought by Ontario Teachers Pension Plan Board, Report finds

Ontario Teachers Pension Plan Board increased its stake in shares of Ferrari (NASDAQ:RACE) by 38.7% during the third quarter, Holdings Channel reports. The firm owned 23,192 shares of the company’s stock after buying an additional 6,473 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Ferrari were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RACE. Advisor Group Inc. raised its position in shares of Ferrari by 28.1% in the third quarter. Advisor Group Inc. now owns 1,990 shares of the company’s stock valued at $104,000 after buying an additional 436 shares in the last quarter. Nikko Asset Management Americas Inc. acquired a new position in shares of Ferrari during the third quarter valued at $145,000. US Bancorp DE raised its position in shares of Ferrari by 23.8% in the third quarter. US Bancorp DE now owns 2,867 shares of the company’s stock valued at $149,000 after buying an additional 551 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Ferrari during the second quarter valued at $271,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Ferrari during the third quarter valued at $356,000.

Shares of Ferrari (NASDAQ:RACE) traded up 1.09% during midday trading on Wednesday, hitting $65.20. 281,495 shares of the company were exchanged. The firm’s 50 day moving average price is $60.38 and its 200 day moving average price is $53.42. The firm has a market capitalization of $12.32 billion and a price-to-earnings ratio of 28.71. Ferrari has a one year low of $31.66 and a one year high of $65.81.

Ferrari (NASDAQ:RACE) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $783 million for the quarter, compared to the consensus estimate of $826.93 million. The firm’s revenue was up 8.3% on a year-over-year basis. Analysts forecast that Ferrari will post $2.54 EPS for the current fiscal year.

Several equities research analysts have weighed in on the stock. Citigroup Inc. reiterated a “neutral” rating on shares of Ferrari in a report on Friday, October 21st. Zacks Investment Research upgraded shares of Ferrari from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Societe Generale assumed coverage on shares of Ferrari in a report on Thursday, October 13th. They issued a “sell” rating and a $45.00 target price on the stock. Berenberg Bank reiterated a “buy” rating on shares of Ferrari in a report on Monday, November 28th. Finally, Evercore ISI upgraded shares of Ferrari from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.33.

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari (NASDAQ:RACE).

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Ferrari (RACE) Shares Bought by Ontario Teachers Pension Plan Board

Ferrari (RACE) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board increased its stake in shares of Ferrari (NASDAQ:RACE) by 38.7% during the third quarter, Holdings Channel reports. The firm owned 23,192 shares of the company’s stock after buying an additional 6,473 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Ferrari were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RACE. Advisor Group Inc. raised its position in shares of Ferrari by 28.1% in the third quarter. Advisor Group Inc. now owns 1,990 shares of the company’s stock valued at $104,000 after buying an additional 436 shares in the last quarter. Nikko Asset Management Americas Inc. acquired a new position in shares of Ferrari during the third quarter valued at $145,000. US Bancorp DE raised its position in shares of Ferrari by 23.8% in the third quarter. US Bancorp DE now owns 2,867 shares of the company’s stock valued at $149,000 after buying an additional 551 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Ferrari during the second quarter valued at $271,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Ferrari during the third quarter valued at $356,000.

Shares of Ferrari (NASDAQ:RACE) traded up 1.09% during midday trading on Wednesday, hitting $65.20. 281,495 shares of the company were exchanged. The firm’s 50 day moving average price is $60.38 and its 200 day moving average price is $53.42. The firm has a market capitalization of $12.32 billion and a price-to-earnings ratio of 28.71. Ferrari has a one year low of $31.66 and a one year high of $65.81.

Ferrari (NASDAQ:RACE) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $783 million for the quarter, compared to the consensus estimate of $826.93 million. The firm’s revenue was up 8.3% on a year-over-year basis. Analysts forecast that Ferrari will post $2.54 EPS for the current fiscal year.

Several equities research analysts have weighed in on the stock. Citigroup Inc. reiterated a “neutral” rating on shares of Ferrari in a report on Friday, October 21st. Zacks Investment Research upgraded shares of Ferrari from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Societe Generale assumed coverage on shares of Ferrari in a report on Thursday, October 13th. They issued a “sell” rating and a $45.00 target price on the stock. Berenberg Bank reiterated a “buy” rating on shares of Ferrari in a report on Monday, November 28th. Finally, Evercore ISI upgraded shares of Ferrari from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.33.

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari (NASDAQ:RACE).

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