Exchange Traded Concepts LLC Increases Holdings in Ford Motor (NYSE:F)

Exchange Traded Concepts LLC boosted its position in Ford Motor (NYSE:F) by 29.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,351 shares of the auto manufacturer’s stock after purchasing an additional 9,143 shares during the period. Exchange Traded Concepts LLC’s holdings in Ford Motor were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quarry LP purchased a new position in Ford Motor during the second quarter valued at approximately $27,000. Reston Wealth Management LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at approximately $33,000. Access Investment Management LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at $34,000. Modus Advisors LLC purchased a new stake in Ford Motor during the fourth quarter worth $34,000. Finally, Albion Financial Group UT grew its position in Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on F. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.82.

Ford Motor Stock Down 0.6 %

Ford Motor stock opened at $10.15 on Friday. The firm has a market capitalization of $40.32 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.93 and a beta of 1.64. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The stock’s fifty day simple moving average is $10.24 and its 200-day simple moving average is $10.76.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, equities analysts expect that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Profile

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.