1,362 Shares in Ferrari N.V. $RACE Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Ferrari N.V. (NYSE:RACE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,362 shares of the company’s stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ferrari during the 4th quarter worth about $29,000. Entrust Financial LLC acquired a new position in Ferrari in the fourth quarter worth approximately $33,000. Bamco Inc. NY increased its holdings in Ferrari by 790.9% in the fourth quarter. Bamco Inc. NY now owns 98 shares of the company’s stock worth $36,000 after buying an additional 87 shares during the last quarter. Bellevue Asset Management LLC bought a new position in Ferrari during the first quarter valued at approximately $34,000. Finally, CoreCap Advisors LLC raised its position in Ferrari by 70.0% during the fourth quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock valued at $38,000 after acquiring an additional 42 shares in the last quarter.

Analyst Ratings Changes

RACE has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Ferrari from $483.00 to $497.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. Jefferies Financial Group raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Wolfe Research began coverage on shares of Ferrari in a report on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ferrari has a consensus rating of “Moderate Buy” and an average target price of $471.97.

Ferrari Stock Up 1.8%

Shares of Ferrari stock opened at $382.59 on Friday. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $519.10. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $355.46 and a two-hundred day moving average price of $352.45. The stock has a market capitalization of $89.51 billion, a P/E ratio of 36.71, a PEG ratio of 3.22 and a beta of 0.92.

Ferrari Company Profile

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.