Fiat Chrysler Automobiles NV (NYSE:FCAU) Shares Acquired by Strategic Global Advisors LLC
Strategic Global Advisors LLC grew its holdings in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 66.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,252 shares of the company’s stock after purchasing an additional 48,200 shares during the period. Strategic Global Advisors LLC’s holdings in Fiat Chrysler Automobiles were worth $1,662,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Fiat Chrysler Automobiles by 123.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,815 shares of the company’s stock worth $53,000 after purchasing an additional 2,107 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in Fiat Chrysler Automobiles by 20.1% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,648 shares of the company’s stock valued at $79,000 after purchasing an additional 944 shares in the last quarter. Neuburgh Advisers LLC increased its stake in Fiat Chrysler Automobiles by 20.1% during the 2nd quarter. Neuburgh Advisers LLC now owns 7,766 shares of the company’s stock valued at $108,000 after purchasing an additional 1,298 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Fiat Chrysler Automobiles by 19.4% in the second quarter. Riverhead Capital Management LLC now owns 8,893 shares of the company’s stock worth $124,000 after buying an additional 1,443 shares during the last quarter. Finally, Tyers Asset Management LLC raised its holdings in shares of Fiat Chrysler Automobiles by 20.1% in the second quarter. Tyers Asset Management LLC now owns 9,884 shares of the company’s stock worth $138,000 after buying an additional 1,652 shares during the last quarter. Hedge funds and other institutional investors own 24.87% of the company’s stock.
NYSE:FCAU traded down $0.20 during midday trading on Wednesday, hitting $13.70. The company’s stock had a trading volume of 75,211 shares, compared to its average volume of 2,299,327. Fiat Chrysler Automobiles NV has a fifty-two week low of $12.11 and a fifty-two week high of $18.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.81 and a quick ratio of 0.56. The firm has a market cap of $27.24 billion, a P/E ratio of 3.63, a P/E/G ratio of 1.79 and a beta of 1.72. The firm’s 50 day moving average is $13.13 and its 200-day moving average is $14.13.
Several equities research analysts have recently commented on FCAU shares. Bank of America set a $20.00 price objective on shares of Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research note on Thursday, June 6th. ValuEngine downgraded Fiat Chrysler Automobiles from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. Nomura began coverage on Fiat Chrysler Automobiles in a research note on Wednesday, June 19th. They issued a “neutral” rating for the company. Oddo Securities raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 28th. Finally, Evercore ISI raised Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.35.
About Fiat Chrysler Automobiles
Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.
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