Segall Bryant & Hamill LLC Makes New Investment in Ferrari N.V. $RACE

Segall Bryant & Hamill LLC purchased a new stake in shares of Ferrari N.V. (NYSE:RACE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,577 shares of the company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fideuram Asset Management Ireland dac bought a new position in shares of Ferrari in the fourth quarter worth approximately $29,000. Entrust Financial LLC bought a new stake in Ferrari during the 4th quarter valued at $33,000. Bamco Inc. NY raised its holdings in Ferrari by 790.9% during the 4th quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after buying an additional 87 shares during the last quarter. Bellevue Asset Management LLC purchased a new stake in Ferrari during the 1st quarter valued at $34,000. Finally, Horizon Investments LLC boosted its position in Ferrari by 33.3% during the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock valued at $50,000 after buying an additional 26 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RACE. Morgan Stanley restated an “overweight” rating and issued a $442.00 price objective on shares of Ferrari in a research report on Friday, July 31st. UBS Group dropped their target price on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating for the company in a report on Friday, July 31st. Evercore reissued an “outperform” rating and issued a $485.00 target price on shares of Ferrari in a research note on Friday, July 31st. Sanford C. Bernstein boosted their price target on Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Wolfe Research began coverage on Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Ferrari has an average rating of “Moderate Buy” and an average target price of $477.15.

Ferrari Stock Up 0.1%

Shares of NYSE RACE opened at $407.01 on Friday. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49. The firm has a market capitalization of $95.22 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 3.50 and a beta of 0.91. The firm has a fifty day simple moving average of $370.31 and a two-hundred day simple moving average of $354.31.

About Ferrari

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.