WS Management Lllp Purchases New Holdings in Fiat Chrysler Automobiles NV (FCAU)

WS Management Lllp purchased a new position in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $17,510,000. Fiat Chrysler Automobiles accounts for 0.6% of WS Management Lllp’s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Fiat Chrysler Automobiles by 1.0% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 325,049 shares of the company’s stock valued at $5,838,000 after acquiring an additional 3,253 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Fiat Chrysler Automobiles by 154.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,107 shares of the company’s stock valued at $115,000 after acquiring an additional 3,707 shares during the period. Comerica Bank boosted its holdings in Fiat Chrysler Automobiles by 4.3% during the 3rd quarter. Comerica Bank now owns 89,440 shares of the company’s stock valued at $1,483,000 after acquiring an additional 3,721 shares during the period. Eqis Capital Management Inc. boosted its holdings in Fiat Chrysler Automobiles by 15.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 28,838 shares of the company’s stock valued at $545,000 after acquiring an additional 3,959 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in Fiat Chrysler Automobiles by 11.5% during the 2nd quarter. Macquarie Group Ltd. now owns 39,700 shares of the company’s stock valued at $750,000 after acquiring an additional 4,100 shares during the period. Institutional investors and hedge funds own 25.44% of the company’s stock.

Shares of FCAU traded up $0.77 during midday trading on Monday, hitting $16.74. The company had a trading volume of 75,342 shares, compared to its average volume of 4,752,113. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.58 and a current ratio of 0.86. The stock has a market capitalization of $31.13 billion, a PE ratio of 6.16, a PEG ratio of 0.19 and a beta of 1.92. Fiat Chrysler Automobiles NV has a 1 year low of $14.97 and a 1 year high of $24.95.

FCAU has been the subject of a number of research analyst reports. HSBC cut Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Friday, October 26th. ValuEngine upgraded Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research cut Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 26th. BNP Paribas upgraded Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. Finally, Exane BNP Paribas upgraded Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Fiat Chrysler Automobiles presently has a consensus rating of “Buy” and an average target price of $23.80.

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Fiat Chrysler Automobiles Profile

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, 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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Institutional Ownership by Quarter for Fiat Chrysler Automobiles (NYSE:FCAU)

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