Holocene Advisors LP Acquires New Holdings in AutoNation, Inc. (NYSE:AN)

Holocene Advisors LP purchased a new stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 112,038 shares of the company's stock, valued at approximately $20,046,000. Holocene Advisors LP owned 0.28% of AutoNation as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co purchased a new position in shares of AutoNation in the second quarter worth about $838,000. Raymond James & Associates grew its holdings in shares of AutoNation by 10.7% in the second quarter. Raymond James & Associates now owns 58,084 shares of the company's stock valued at $9,257,000 after purchasing an additional 5,611 shares in the last quarter. Versor Investments LP acquired a new position in shares of AutoNation in the second quarter valued at approximately $673,000. Point72 DIFC Ltd acquired a new position in shares of AutoNation in the second quarter valued at approximately $602,000. Finally, WINTON GROUP Ltd acquired a new position in AutoNation during the 2nd quarter worth approximately $15,832,000. Institutional investors and hedge funds own 94.62% of the company's stock.

AutoNation Stock Performance

AN traded up $0.65 during trading on Tuesday, hitting $180.57. The stock had a trading volume of 306,591 shares, compared to its average volume of 433,446. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The firm has a market capitalization of $7.16 billion, a P/E ratio of 10.38, a PEG ratio of 3.75 and a beta of 1.24. The company's 50-day moving average price is $168.17 and its 200 day moving average price is $168.92. AutoNation, Inc. has a twelve month low of $133.01 and a twelve month high of $197.18.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AN shares. Morgan Stanley upgraded shares of AutoNation from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Stephens assumed coverage on shares of AutoNation in a research report on Thursday, September 12th. They issued an "overweight" rating and a $210.00 price target for the company. Wells Fargo & Company reduced their price target on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price target on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Finally, Bank of America reduced their price target on shares of AutoNation from $220.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $199.29.

AutoNation Company Profile

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.