Truvestments Capital LLC Sells 1,456 Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU)

Truvestments Capital LLC cut its holdings in Fiat Chrysler Automobiles NV (NYSE:FCAU) by 29.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,456 shares of the company’s stock after selling 1,456 shares during the period. Truvestments Capital LLC’s holdings in Fiat Chrysler Automobiles were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FCAU. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Fiat Chrysler Automobiles by 123.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,815 shares of the company’s stock worth $53,000 after buying an additional 2,107 shares during the period. Meadow Creek Investment Management LLC raised its position in Fiat Chrysler Automobiles by 20.1% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,648 shares of the company’s stock worth $79,000 after purchasing an additional 944 shares during the period. Neuburgh Advisers LLC raised its position in Fiat Chrysler Automobiles by 20.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 7,766 shares of the company’s stock worth $108,000 after purchasing an additional 1,298 shares during the period. Riverhead Capital Management LLC increased its position in shares of Fiat Chrysler Automobiles by 19.4% in the second quarter. Riverhead Capital Management LLC now owns 8,893 shares of the company’s stock valued at $124,000 after acquiring an additional 1,443 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Fiat Chrysler Automobiles by 20.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,371 shares of the company’s stock valued at $129,000 after acquiring an additional 1,619 shares during the period. 23.44% of the stock is owned by institutional investors.

NYSE:FCAU traded up $0.33 during mid-day trading on Friday, hitting $13.08. 28,024 shares of the company’s stock were exchanged, compared to its average volume of 2,749,140. Fiat Chrysler Automobiles NV has a one year low of $12.11 and a one year high of $17.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.81 and a quick ratio of 0.56. The business has a fifty day moving average price of $13.13 and a 200 day moving average price of $13.90. The company has a market cap of $25.73 billion, a PE ratio of 3.47, a P/E/G ratio of 1.50 and a beta of 1.72.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.08). Fiat Chrysler Automobiles had a return on equity of 17.07% and a net margin of 2.95%. The business had revenue of $26.74 billion for the quarter, compared to the consensus estimate of $27.23 billion. During the same period in the previous year, the firm earned $0.62 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Fiat Chrysler Automobiles NV will post 2.92 EPS for the current fiscal year.

FCAU has been the topic of a number of research reports. Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday. Nomura initiated coverage on shares of Fiat Chrysler Automobiles in a research note on Wednesday, June 19th. They set a “neutral” rating on the stock. ValuEngine raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Goldman Sachs Group initiated coverage on shares of Fiat Chrysler Automobiles in a research note on Monday, July 15th. They set a “sell” rating and a $14.18 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.85.

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.

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

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