Optima Fund Management LLC Invests $1.42 Million in Fiat Chrysler Automobiles NV (NYSE:FCAU) Stock

Optima Fund Management LLC acquired a new position in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) during the 1st quarter, HoldingsChannel reports. The firm acquired 95,781 shares of the company’s stock, valued at approximately $1,422,000. Fiat Chrysler Automobiles comprises 2.0% of Optima Fund Management LLC’s holdings, making the stock its 24th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sycomore Asset Management acquired a new stake in Fiat Chrysler Automobiles during the first quarter worth about $578,000. Bandera Partners LLC acquired a new stake in Fiat Chrysler Automobiles during the fourth quarter worth about $2,725,000. Comerica Bank raised its stake in Fiat Chrysler Automobiles by 1.2% during the fourth quarter. Comerica Bank now owns 90,528 shares of the company’s stock worth $1,510,000 after acquiring an additional 1,088 shares during the period. 22NW LP acquired a new stake in Fiat Chrysler Automobiles during the fourth quarter worth about $1,375,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Fiat Chrysler Automobiles in the fourth quarter valued at approximately $627,000. Hedge funds and other institutional investors own 26.45% of the company’s stock.

Shares of Fiat Chrysler Automobiles stock traded down $0.09 on Friday, hitting $13.28. The company had a trading volume of 22,095 shares, compared to its average volume of 4,342,517. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.82 and a quick ratio of 0.57. The stock has a market capitalization of $26.20 billion, a PE ratio of 3.51, a price-to-earnings-growth ratio of 1.66 and a beta of 1.77. Fiat Chrysler Automobiles NV has a 52 week low of $12.58 and a 52 week high of $21.46.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). The company had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $25.70 billion. Fiat Chrysler Automobiles had a net margin of 2.85% and a return on equity of 18.57%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. On average, analysts forecast that Fiat Chrysler Automobiles NV will post 2.87 earnings per share for the current fiscal year.

The business also recently disclosed an annual dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were issued a $1.30 dividend. The ex-dividend date was Monday, May 20th. This is a boost from Fiat Chrysler Automobiles’s previous annual dividend of $0.74. This represents a dividend yield of 8.2%.

Several equities research analysts have commented on the stock. Bank of America set a $20.00 price target on shares of Fiat Chrysler Automobiles and gave the company a “hold” rating in a research note on Thursday, June 6th. Evercore ISI upgraded shares of Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a research note on Tuesday, May 28th. Oddo Securities upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 28th. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine lowered shares of Fiat Chrysler Automobiles from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $18.31.

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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.

Further Reading: Market Capitalization and Individual Investors

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

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