Ford Motor Co. (F) Short Interest Update
Ford Motor Co. (NYSE:F) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 149,744,868 shares, a decrease of 1.7% from the August 31st total of 152,323,014 shares. Based on an average daily volume of 40,938,354 shares, the short-interest ratio is currently 3.7 days. Approximately 3.8% of the shares of the company are short sold.
In related news, Director John C. Lechleiter purchased 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. increased its stake in Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock worth $100,000 after buying an additional 1,400 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Ford Motor during the first quarter worth $104,000. Balentine LLC purchased a new stake in Ford Motor during the second quarter worth $109,000. Bellwether Investment Group LLC purchased a new stake in Ford Motor during the second quarter worth $109,000. Finally, Hudock Capital Group LLC increased its stake in Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock worth $116,000 after buying an additional 1,200 shares in the last quarter. 56.06% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor (NYSE:F) opened at 12.07 on Monday. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The stock has a 50 day moving average of $12.32 and a 200-day moving average of $12.94. The company has a market cap of $47.96 billion, a price-to-earnings ratio of 5.69 and a beta of 1.30.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The firm earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same period in the prior year, the company earned $0.47 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Ford Motor will post $1.82 EPS for the current year.
A number of brokerages recently issued reports on F. Jefferies Group reiterated a “sell” rating on shares of Ford Motor in a research report on Sunday, September 4th. Barclays PLC reiterated an “equal weight” rating and set a $13.00 target price (down previously from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Nomura began coverage on shares of Ford Motor in a research report on Tuesday, September 20th. They set a “buy” rating and a $14.00 target price for the company. Credit Agricole SA dropped their target price on shares of Ford Motor from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $13.00 target price on shares of Ford Motor in a research report on Friday, September 16th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.07.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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