Quadrant Capital Group LLC increased its stake in shares of Ferrari (NYSE:RACE – Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,944 shares of the company’s stock after buying an additional 101 shares during the period. Quadrant Capital Group LLC’s holdings in Ferrari were worth $632,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in RACE. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Ferrari during the 1st quarter valued at about $27,000. State of Wyoming acquired a new position in Ferrari during the 4th quarter valued at about $38,000. Sunbelt Securities Inc. acquired a new position in Ferrari during the 1st quarter valued at about $39,000. Harvest Fund Management Co. Ltd lifted its position in Ferrari by 350.0% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 153 shares of the company’s stock valued at $50,000 after purchasing an additional 119 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Ferrari by 30.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 177 shares of the company’s stock valued at $58,000 after purchasing an additional 41 shares during the period.
Ferrari Stock Up 1.5 %
RACE opened at $359.37 on Friday. The firm’s fifty day simple moving average is $310.01 and its 200 day simple moving average is $308.18. The company has a quick ratio of 3.08, a current ratio of 3.98 and a debt-to-equity ratio of 0.89. Ferrari has a 12 month low of $209.88 and a 12 month high of $359.43.
Analysts Set New Price Targets
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.
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