Stock Traders Buy Large Volume of Put Options on Fiat Chrysler Automobiles N.V. (FCAU)

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was the recipient of unusually large options trading activity on Thursday. Investors purchased 30,885 put options on the company. This is an increase of Infinity compared to the average volume of 0 put options.

A number of equities research analysts have recently issued reports on FCAU shares. Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Barclays PLC raised shares of Fiat Chrysler Automobiles N.V. from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $15.53 to $10.00 in a report on Wednesday, September 6th. Citigroup Inc. raised shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “neutral” rating and increased their price target for the stock from $6.87 to $18.33 in a report on Friday. Deutsche Bank AG reissued a “hold” rating on shares of Fiat Chrysler Automobiles N.V. in a report on Thursday, September 7th. Finally, Bank of America Corporation set a $19.00 target price on shares of Fiat Chrysler Automobiles N.V. and gave the company a “hold” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $16.15.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at $17.27 on Friday. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.87 and a 52-week high of $18.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77. The company has a market cap of $26,549.07, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.32 and a beta of 1.68.

A number of hedge funds and other institutional investors have recently modified their holdings of FCAU. Ballentine Partners LLC bought a new position in Fiat Chrysler Automobiles N.V. during the second quarter valued at approximately $117,000. BKS Advisors LLC bought a new position in Fiat Chrysler Automobiles N.V. during the second quarter valued at approximately $128,000. US Bancorp DE grew its position in Fiat Chrysler Automobiles N.V. by 15.6% during the second quarter. US Bancorp DE now owns 12,591 shares of the company’s stock valued at $134,000 after acquiring an additional 1,699 shares during the last quarter. QCM Cayman Ltd. bought a new position in Fiat Chrysler Automobiles N.V. during the second quarter valued at approximately $136,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in Fiat Chrysler Automobiles N.V. by 3.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock valued at $141,000 after acquiring an additional 430 shares during the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.

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Fiat Chrysler Automobiles N.V. Company 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 six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; 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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