Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Short Interest Update

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 32,760,560 shares, a drop of 20.7% from the June 15th total of 41,290,982 shares. Based on an average daily volume of 4,403,163 shares, the short-interest ratio is currently 7.4 days. Currently, 3.1% of the shares of the stock are short sold.

Shares of Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 11.98 on Tuesday. The firm has a market capitalization of $18.42 billion, a P/E ratio of 8.13 and a beta of 1.67. Fiat Chrysler Automobiles N.V. has a 52 week low of $6.01 and a 52 week high of $12.04. The firm has a 50 day moving average price of $10.76 and a 200-day moving average price of $10.56.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Fiat Chrysler Automobiles N.V. had a return on equity of 14.39% and a net margin of 1.76%. The business had revenue of $27.72 billion for the quarter, compared to the consensus estimate of $27.51 billion. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Equities research analysts predict that Fiat Chrysler Automobiles N.V. will post $2.44 EPS for the current fiscal year.

A number of brokerages have weighed in on FCAU. Morgan Stanley restated an “overweight” rating and issued a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. in a report on Monday. Vetr lowered Fiat Chrysler Automobiles N.V. from a “strong-buy” rating to a “buy” rating and set a $12.38 price objective on the stock. in a report on Tuesday, March 28th. BidaskClub upgraded Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Jefferies Group LLC set a $14.00 price objective on Fiat Chrysler Automobiles N.V. and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, Bank of America Corporation restated an “underperform” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.55.

Several hedge funds have recently modified their holdings of FCAU. AQR Capital Management LLC increased its stake in shares of Fiat Chrysler Automobiles N.V. by 56.9% in the first quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock valued at $346,023,000 after buying an additional 11,450,245 shares in the last quarter. FMR LLC increased its stake in shares of Fiat Chrysler Automobiles N.V. by 88.3% in the first quarter. FMR LLC now owns 27,377,215 shares of the company’s stock valued at $299,304,000 after buying an additional 12,837,115 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Fiat Chrysler Automobiles N.V. by 4.2% in the first quarter. Vanguard Group Inc. now owns 24,894,440 shares of the company’s stock valued at $272,095,000 after buying an additional 1,012,634 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Fiat Chrysler Automobiles N.V. by 25.0% in the first quarter. Russell Investments Group Ltd. now owns 17,605,184 shares of the company’s stock valued at $192,562,000 after buying an additional 3,524,249 shares in the last quarter. Finally, Dalal Street LLC increased its stake in shares of Fiat Chrysler Automobiles N.V. by 7.9% in the first quarter. Dalal Street LLC now owns 12,922,130 shares of the company’s stock valued at $141,239,000 after buying an additional 950,200 shares in the last quarter. Institutional investors and hedge funds own 29.54% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://transcriptdaily.com/2017/07/18/fiat-chrysler-automobiles-n-v-nysefcau-short-interest-update.html.

Receive News & Ratings for Fiat Chrysler Automobiles N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiat Chrysler Automobiles N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply