Ferrari (NYSE:RACE) Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC lifted its stake in shares of Ferrari (NYSE:RACE) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,583 shares of the company’s stock after buying an additional 60 shares during the quarter. Calamos Wealth Management LLC’s holdings in Ferrari were worth $1,947,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. increased its stake in Ferrari by 27.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 103 shares of the company’s stock valued at $48,000 after purchasing an additional 22 shares during the period. Elite Wealth Management Inc. grew its stake in shares of Ferrari by 1.0% during the 3rd quarter. Elite Wealth Management Inc. now owns 2,606 shares of the company’s stock worth $1,225,000 after purchasing an additional 25 shares during the period. Addison Advisors LLC increased its holdings in Ferrari by 13.6% in the third quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $102,000 after buying an additional 26 shares in the last quarter. Marshall Financial Group LLC boosted its position in Ferrari by 1.1% during the third quarter. Marshall Financial Group LLC now owns 2,732 shares of the company’s stock worth $1,284,000 after purchasing an additional 30 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Ferrari by 10.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 329 shares of the company’s stock valued at $140,000 after acquiring an additional 30 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RACE shares. JPMorgan Chase & Co. upgraded shares of Ferrari from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $385.00 to $525.00 in a report on Friday, October 11th. Evercore ISI lifted their target price on shares of Ferrari from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com lowered shares of Ferrari from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, UBS Group raised their price target on shares of Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $507.14.

Ferrari Trading Up 0.2 %

Shares of NYSE:RACE opened at $429.37 on Tuesday. Ferrari has a 1 year low of $368.80 and a 1 year high of $498.23. The firm has a fifty day moving average price of $433.65 and a 200 day moving average price of $448.70. The stock has a market capitalization of $104.66 billion, a PE ratio of 49.87, a P/E/G ratio of 3.72 and a beta of 0.95. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93.

Ferrari (NYSE:RACE) last announced its earnings results on Tuesday, November 5th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.03). Ferrari had a return on equity of 44.67% and a net margin of 22.16%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business earned $1.98 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that Ferrari will post 8.59 EPS for the current fiscal year.

Ferrari Company Profile

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.