Triasima Portfolio Management inc. Grows Stock Holdings in Ferrari (NYSE:RACE)

Triasima Portfolio Management inc. grew its position in Ferrari (NYSE:RACE - Free Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,782 shares of the company's stock after buying an additional 1,711 shares during the quarter. Ferrari accounts for 1.8% of Triasima Portfolio Management inc.'s holdings, making the stock its 13th largest holding. Triasima Portfolio Management inc.'s holdings in Ferrari were worth $9,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its stake in shares of Ferrari by 14.0% in the third quarter. Cerity Partners LLC now owns 26,915 shares of the company's stock worth $12,653,000 after acquiring an additional 3,308 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in Ferrari by 123.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 9,005 shares of the company's stock worth $3,826,000 after purchasing an additional 4,983 shares during the period. Mediolanum International Funds Ltd boosted its stake in shares of Ferrari by 24.7% in the 4th quarter. Mediolanum International Funds Ltd now owns 9,071 shares of the company's stock valued at $3,874,000 after buying an additional 1,796 shares during the period. Rheos Capital Works Inc. raised its holdings in shares of Ferrari by 30.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 111,700 shares of the company's stock valued at $52,511,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Ferrari by 1.4% during the 3rd quarter. Raymond James & Associates now owns 50,940 shares of the company's stock worth $23,948,000 after acquiring an additional 693 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RACE shares. StockNews.com raised Ferrari from a "hold" rating to a "buy" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Ferrari in a report on Thursday. They set a "hold" rating on the stock. Barclays cut shares of Ferrari from an "overweight" rating to an "equal weight" rating in a report on Wednesday, February 5th. Evercore ISI lifted their price target on shares of Ferrari from $475.00 to $565.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, UBS Group upped their price objective on shares of Ferrari from $478.00 to $513.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $507.14.

Ferrari Stock Performance

Shares of NYSE:RACE traded up $14.42 during midday trading on Monday, hitting $460.86. The stock had a trading volume of 388,424 shares, compared to its average volume of 330,539. Ferrari has a 1 year low of $375.31 and a 1 year high of $498.23. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average price of $435.60 and a two-hundred day moving average price of $449.82. The company has a market capitalization of $112.34 billion, a PE ratio of 50.37, a P/E/G ratio of 4.04 and a beta of 0.95.

Ferrari 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.