Today: The Tower Research Capital LLC TRC invests in Fiat Chrysler Automobiles NV (FCAU) Shares

The Tower Research Capital LLC TRC invests in Fiat Chrysler Automobiles NV (FCAU) Shares

Tower Research Capital LLC TRC increased its position in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 307.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,675 shares of the company’s stock after buying an additional 14,096 shares during the period. Tower Research Capital LLC TRC’s holdings in Fiat Chrysler Automobiles NV were worth $114,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FCAU. Vanguard Group Inc. raised its stake in Fiat Chrysler Automobiles NV by 0.3% in the second quarter. Vanguard Group Inc. now owns 19,300,562 shares of the company’s stock worth $118,120,000 after buying an additional 48,701 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Fiat Chrysler Automobiles NV during the second quarter worth about $95,871,000. Swiss National Bank raised its stake in Fiat Chrysler Automobiles NV by 3.3% in the second quarter. Swiss National Bank now owns 6,071,809 shares of the company’s stock worth $37,038,000 after buying an additional 195,844 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Fiat Chrysler Automobiles NV by 561.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,768,792 shares of the company’s stock worth $16,776,000 after buying an additional 2,350,110 shares during the period. Finally, AJO LP raised its stake in Fiat Chrysler Automobiles NV by 9,985.9% in the second quarter. AJO LP now owns 2,144,070 shares of the company’s stock worth $13,122,000 after buying an additional 2,122,812 shares during the period. 26.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 6.36 on Thursday. Fiat Chrysler Automobiles NV has a 52 week low of $5.45 and a 52 week high of $10.86. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 12.21 and a beta of 1.81. The company’s 50-day moving average is $6.57 and its 200 day moving average is $6.94.

Fiat Chrysler Automobiles NV (NYSE:FCAU) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The firm earned $27.89 billion during the quarter, compared to analyst estimates of $28.89 billion. Fiat Chrysler Automobiles NV had a return on equity of 16.12% and a net margin of 0.67%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Analysts anticipate that Fiat Chrysler Automobiles NV will post $1.60 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of Fiat Chrysler Automobiles NV from a “buy” rating to a “strong-buy” rating and set a $7.32 target price on the stock in a report on Wednesday. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles NV from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Morgan Stanley began coverage on shares of Fiat Chrysler Automobiles NV in a report on Thursday, August 25th. They issued an “outperform” rating on the stock. Finally, Jefferies Group began coverage on shares of Fiat Chrysler Automobiles NV in a report on Tuesday, August 9th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.71.

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