20,674 Shares in Ford Motor (NYSE:F) Acquired by Seven Eight Capital LP

Seven Eight Capital LP bought a new position in Ford Motor (NYSE:F) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,674 shares of the auto manufacturer’s stock, valued at approximately $275,000.

Other hedge funds have also recently made changes to their positions in the company. Fortis Group Advisors LLC grew its stake in Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. bought a new stake in shares of Ford Motor during the 4th quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. lifted its holdings in Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares in the last quarter. Fairman Group LLC bought a new position in Ford Motor in the 4th quarter worth about $31,000. Finally, Able Wealth Management LLC purchased a new position in Ford Motor during the 4th quarter valued at about $32,000. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on F. Sanford C. Bernstein began coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective for the company. Citigroup lifted their price objective on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Finally, Barclays dropped their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.10.

Insider Buying and Selling

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by insiders.

Ford Motor Stock Down 13.7 %

Shares of NYSE:F opened at $11.80 on Thursday. The stock has a market capitalization of $47.11 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 0.89 and a beta of 1.62. The stock’s 50-day moving average price is $12.59 and its 200-day moving average price is $12.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. Ford Motor has a 12-month low of $9.63 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.17). Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. Ford Motor’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor will post 2.03 earnings per share for the current 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.