Clear Harbor Asset Management LLC Makes New Investment in Ford Motor (NYSE:F)

by · The Markets Daily

Clear Harbor Asset Management LLC bought a new position in shares of Ford Motor (NYSE:F – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,600 shares of the auto manufacturer’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in F. Cornerstone Wealth Group LLC acquired a new position in Ford Motor during the 1st quarter worth $150,000. Diversified Trust Co lifted its stake in shares of Ford Motor by 153.7% during the first quarter. Diversified Trust Co now owns 125,644 shares of the auto manufacturer’s stock valued at $1,669,000 after acquiring an additional 76,127 shares during the period. Kowal Investment Group LLC bought a new position in Ford Motor in the first quarter valued at about $191,000. Miracle Mile Advisors LLC acquired a new stake in Ford Motor in the first quarter worth about $139,000. Finally, Claro Advisors LLC raised its holdings in Ford Motor by 12.5% during the 1st quarter. Claro Advisors LLC now owns 14,686 shares of the auto manufacturer’s stock worth $195,000 after purchasing an additional 1,626 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on F. Royal Bank of Canada lowered their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. Barclays reduced their price target on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Finally, Wolfe Research started coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $12.56.

Read Our Latest Research Report on F

Ford Motor Stock Performance

F opened at $11.07 on Monday. The company has a market capitalization of $44.20 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.58 and a beta of 1.62. The business’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $11.68. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00.

About Ford Motor

(Free Report)

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.

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