Pathstone Family Office LLC raised its holdings in Ferrari (NYSE:RACE – Free Report) by 54.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,226 shares of the company’s stock after buying an additional 1,847 shares during the quarter. Pathstone Family Office LLC’s holdings in Ferrari were worth $1,545,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RACE. Raymond James Financial Services Advisors Inc. raised its stake in Ferrari by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,125 shares of the company’s stock valued at $900,000 after buying an additional 220 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Ferrari by 54.8% in the first quarter. Private Advisor Group LLC now owns 1,553 shares of the company’s stock worth $339,000 after purchasing an additional 550 shares during the last quarter. BlackRock Inc. raised its stake in shares of Ferrari by 3.3% in the first quarter. BlackRock Inc. now owns 1,066,538 shares of the company’s stock worth $232,602,000 after purchasing an additional 33,643 shares during the last quarter. Cibc World Market Inc. raised its stake in shares of Ferrari by 143.3% in the first quarter. Cibc World Market Inc. now owns 6,983 shares of the company’s stock worth $1,523,000 after purchasing an additional 4,113 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Ferrari by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 67,953 shares of the company’s stock worth $14,820,000 after purchasing an additional 5,286 shares during the last quarter.
Ferrari Price Performance
Shares of RACE opened at $392.56 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.98 and a quick ratio of 3.08. Ferrari has a 12 month low of $252.17 and a 12 month high of $393.59. The stock’s 50 day moving average is $351.70 and its two-hundred day moving average is $328.92.
Analyst Ratings Changes
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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