Interval Partners LP Takes $927,000 Position in Ferrari N.V. $RACE

Key Points

• Interval Partners LP has acquired a new position in Ferrari N.V., purchasing 2,167 shares valued at approximately $927,000 in the first quarter.
• Multiple institutional investors have increased their stakes in Ferrari, with Goldman Sachs boosting its position by 52.3% and Citigroup raising its holdings by 155.1% during the same period.
• Ferrari recently reported $2.70 earnings per share for the last quarter, beating analyst expectations, and raised its FY 2025 EPS guidance to 9.751.

Interval Partners LP purchased a new stake in shares of Ferrari N.V. (NYSE:RACE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,167 shares of the company's stock, valued at approximately $927,000.

A number of other hedge funds also recently made changes to their positions in the stock. GW&K Investment Management LLC boosted its position in shares of Ferrari by 288.9% during the first quarter. GW&K Investment Management LLC now owns 70 shares of the company's stock valued at $30,000 after buying an additional 52 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Ferrari during the 4th quarter valued at $32,000. Alpine Bank Wealth Management bought a new stake in shares of Ferrari during the 1st quarter valued at $33,000. Brooklyn Investment Group raised its stake in shares of Ferrari by 381.3% during the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company's stock valued at $33,000 after purchasing an additional 61 shares during the period. Finally, Webster Bank N. A. purchased a new stake in Ferrari during the 1st quarter valued at about $43,000.

Ferrari Stock Performance

RACE traded up $7.50 during midday trading on Thursday, reaching $481.12. The company had a trading volume of 89,041 shares, compared to its average volume of 416,747. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. The company has a market cap of $116.61 billion, a P/E ratio of 49.65, a P/E/G ratio of 5.46 and a beta of 1.10. Ferrari N.V. has a 1 year low of $391.54 and a 1 year high of $519.10. The business has a 50-day moving average of $478.84 and a two-hundred day moving average of $466.52.

Ferrari (NYSE:RACE - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $2.57 by $0.13. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 earnings per share. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, equities research analysts predict that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RACE shares. Deutsche Bank Aktiengesellschaft upgraded Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Citigroup reaffirmed a "sell" rating on shares of Ferrari in a report on Monday, August 11th. Zacks Research lowered Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Wall Street Zen lowered Ferrari from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, UBS Group lifted their price objective on Ferrari from $540.00 to $570.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ferrari currently has an average rating of "Moderate Buy" and a consensus target price of $531.67.

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.