Quinn Opportunity Partners LLC Increases Holdings in Fiat Chrysler Automobiles NV (FCAU)

Quinn Opportunity Partners LLC raised its position in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 43.8% during the first quarter, HoldingsChannel reports. The firm owned 92,000 shares of the company’s stock after purchasing an additional 28,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Fiat Chrysler Automobiles were worth $1,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FCAU. Harris Associates L P increased its position in shares of Fiat Chrysler Automobiles by 8.3% during the 4th quarter. Harris Associates L P now owns 63,059,845 shares of the company’s stock valued at $911,845,000 after purchasing an additional 4,846,035 shares during the period. Vanguard Group Inc increased its stake in Fiat Chrysler Automobiles by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 31,221,379 shares of the company’s stock valued at $546,687,000 after purchasing an additional 654,779 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in Fiat Chrysler Automobiles by 2.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 15,350,290 shares of the company’s stock valued at $221,965,000 after purchasing an additional 315,402 shares in the last quarter. Norges Bank bought a new stake in shares of Fiat Chrysler Automobiles in the fourth quarter worth approximately $173,203,000. Finally, Northern Trust Corp grew its position in Fiat Chrysler Automobiles by 3.1% during the fourth quarter. Northern Trust Corp now owns 3,853,329 shares of the company’s stock valued at $55,719,000 after buying an additional 114,355 shares during the period. Institutional investors own 27.02% of the company’s stock.

FCAU traded down $0.09 during trading hours on Thursday, hitting $14.66. The company’s stock had a trading volume of 54,293 shares, compared to its average volume of 4,343,669. Fiat Chrysler Automobiles NV has a 12 month low of $14.01 and a 12 month high of $23.29. The stock has a market capitalization of $28.68 billion, a PE ratio of 3.87, a P/E/G ratio of 1.73 and a beta of 1.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 0.82.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). Fiat Chrysler Automobiles had a return on equity of 18.57% and a net margin of 2.85%. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $25.70 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts forecast that Fiat Chrysler Automobiles NV will post 2.96 earnings per share for the current year.

The firm also recently declared an annual dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, May 21st will be given a $1.30 dividend. This represents a yield of 8.2%. The ex-dividend date of this dividend is Monday, May 20th. This is a boost from Fiat Chrysler Automobiles’s previous annual dividend of $0.74.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 5th. ValuEngine upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Jefferies Financial Group cut shares of Fiat Chrysler Automobiles to a “hold” rating in a research report on Tuesday, April 2nd. Barclays cut shares of Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 price target on the stock. in a research report on Friday, February 8th. Finally, UBS Group cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.74.

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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 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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Institutional Ownership by Quarter for Fiat Chrysler Automobiles (NYSE:FCAU)

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