Flagship Harbor Advisors LLC Trims Stock Holdings in Ford Motor (NYSE:F)

Flagship Harbor Advisors LLC lowered its holdings in shares of Ford Motor (NYSE:F) by 12.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,030 shares of the auto manufacturer’s stock after selling 5,280 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Ford Motor were worth $357,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP increased its position in shares of Ford Motor by 117.8% during the second quarter. Marshall Wace LLP now owns 387,859 shares of the auto manufacturer’s stock worth $4,864,000 after acquiring an additional 209,756 shares during the period. Algert Global LLC bought a new stake in Ford Motor during the 2nd quarter valued at $214,000. NewEdge Advisors LLC lifted its holdings in shares of Ford Motor by 38.4% in the 2nd quarter. NewEdge Advisors LLC now owns 284,525 shares of the auto manufacturer’s stock worth $3,568,000 after buying an additional 78,926 shares during the period. Sunbelt Securities Inc. grew its position in shares of Ford Motor by 26.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 33,499 shares of the auto manufacturer’s stock worth $420,000 after buying an additional 7,107 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter worth $27,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 2.9 %

Shares of NYSE:F opened at $10.08 on Wednesday. The business’s 50-day moving average is $10.27 and its 200 day moving average is $10.79. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The firm has a market capitalization of $40.05 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.93 and a beta of 1.64.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, research analysts predict that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.82.

Ford Motor Company 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.