Atomi Financial Group Inc. Sells 10,675 Shares of Ford Motor (NYSE:F)

Atomi Financial Group Inc. lessened its holdings in Ford Motor (NYSE:F) by 35.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,430 shares of the auto manufacturer’s stock after selling 10,675 shares during the period. Atomi Financial Group Inc.’s holdings in Ford Motor were worth $192,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in Ford Motor during the 2nd quarter worth $27,000. Kimelman & Baird LLC acquired a new stake in shares of Ford Motor during the second quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in shares of Ford Motor during the third quarter worth about $33,000. Access Investment Management LLC acquired a new position in shares of Ford Motor in the third quarter valued at approximately $34,000. Finally, Modus Advisors LLC bought a new position in Ford Motor in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Ford Motor stock opened at $10.38 on Tuesday. The stock’s 50 day moving average price is $10.29 and its two-hundred day moving average price is $10.81. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.93 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. On average, equities analysts predict that Ford Motor will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.82.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.