Y Intercept Hong Kong Ltd Buys 210,358 Shares of Ford Motor Company $F

Y Intercept Hong Kong Ltd raised its holdings in shares of Ford Motor Company (NYSE:F) by 18.5% during the third quarter, Holdings Channel reports. The fund owned 1,346,042 shares of the auto manufacturer’s stock after buying an additional 210,358 shares during the period. Ford Motor comprises about 0.4% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 27th biggest position. Y Intercept Hong Kong Ltd’s holdings in Ford Motor were worth $16,099,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Investment Advisors LLC grew its position in Ford Motor by 1.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock worth $767,000 after acquiring an additional 824 shares during the last quarter. Silverlake Wealth Management LLC grew its stake in shares of Ford Motor by 1.7% in the third quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after acquiring an additional 827 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in Ford Motor by 2.4% in the third quarter. Perigon Wealth Management LLC now owns 35,686 shares of the auto manufacturer’s stock worth $427,000 after buying an additional 851 shares during the last quarter. Mather Group LLC. boosted its position in shares of Ford Motor by 4.8% during the third quarter. Mather Group LLC. now owns 19,316 shares of the auto manufacturer’s stock valued at $231,000 after buying an additional 878 shares during the last quarter. Finally, Advisors Capital Management LLC boosted its holdings in shares of Ford Motor by 7.1% during the 2nd quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock valued at $146,000 after acquiring an additional 885 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Down 1.1%

Ford Motor stock opened at $13.57 on Friday. The stock has a 50-day moving average price of $13.38 and a 200 day moving average price of $12.41. The company has a market capitalization of $54.05 billion, a price-to-earnings ratio of 11.69 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $14.50.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. Sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on F. Barclays increased their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. Finally, The Goldman Sachs Group lifted their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $13.19.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.