SteelPeak Wealth LLC Trims Stake in Ford Motor (NYSE:F)

SteelPeak Wealth LLC trimmed its position in shares of Ford Motor (NYSE:F) by 94.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,307 shares of the auto manufacturer’s stock after selling 347,462 shares during the period. SteelPeak Wealth LLC’s holdings in Ford Motor were worth $201,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Meridian Financial Partners LLC increased its stake in Ford Motor by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock worth $903,000 after buying an additional 953 shares during the period. Apollon Wealth Management LLC increased its position in shares of Ford Motor by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after acquiring an additional 969 shares during the period. Pure Financial Advisors LLC raised its stake in shares of Ford Motor by 6.6% during the third quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock valued at $170,000 after acquiring an additional 990 shares in the last quarter. PBMares Wealth Management LLC boosted its holdings in shares of Ford Motor by 9.0% in the third quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock valued at $126,000 after purchasing an additional 991 shares during the period. Finally, Pointe Capital Management LLC grew its stake in Ford Motor by 4.8% in the third quarter. Pointe Capital Management LLC now owns 21,821 shares of the auto manufacturer’s stock worth $230,000 after purchasing an additional 1,000 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

F has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Finally, Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.82.

Ford Motor Stock Performance

Shares of F opened at $10.07 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm has a market cap of $40.00 billion, a PE ratio of 11.44, a P/E/G ratio of 1.97 and a beta of 1.64. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The stock has a fifty day moving average price of $10.23 and a 200-day moving average price of $10.76.

About Ford Motor

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.