SteelPeak Wealth LLC Sells 347,462 Shares of Ford Motor (NYSE:F)

SteelPeak Wealth LLC lessened its stake in shares of Ford Motor (NYSE:F - Free Report) by 94.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,307 shares of the auto manufacturer's stock after selling 347,462 shares during the period. SteelPeak Wealth LLC's holdings in Ford Motor were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of F. Quarry LP acquired a new stake in Ford Motor during the 2nd quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in shares of Ford Motor during the third quarter worth approximately $33,000. Access Investment Management LLC purchased a new position in Ford Motor during the third quarter valued at approximately $34,000. Modus Advisors LLC acquired a new position in Ford Motor in the 4th quarter valued at approximately $34,000. Finally, Truvestments Capital LLC purchased a new stake in Ford Motor in the 3rd quarter worth approximately $37,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of Ford Motor stock traded down $0.10 during mid-day trading on Friday, reaching $10.07. 103,625,722 shares of the stock were exchanged, compared to its average volume of 57,870,328. The company has a market cap of $40.00 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.64. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $10.70.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein lowered shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. Wolfe Research restated an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Jefferies Financial Group downgraded shares of Ford Motor from a "hold" rating to an "underperform" rating and lowered their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Barclays cut Ford Motor from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor presently has an average rating of "Hold" and a consensus price target of $11.82.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.