Smith Group Asset Management LLC Acquires New Stake in Ford Motor (NYSE:F)

Smith Group Asset Management LLC acquired a new position in shares of Ford Motor (NYSE:F) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 50,000 shares of the auto manufacturer’s stock, valued at approximately $495,000.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in Ford Motor in the second quarter worth $27,000. Kimelman & Baird LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth $30,000. Reston Wealth Management LLC purchased a new position in shares of Ford Motor in the 3rd quarter valued at about $33,000. Access Investment Management LLC acquired a new stake in shares of Ford Motor in the third quarter valued at about $34,000. Finally, Modus Advisors LLC purchased a new stake in Ford Motor during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 1.2 %

Shares of NYSE F opened at $10.20 on Thursday. The firm’s 50 day moving average price is $10.25 and its 200 day moving average price is $10.76. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a market cap of $40.54 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on F. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.82.

About Ford Motor

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.