SG Americas Securities LLC Takes Position in Sonic Automotive, Inc. (NYSE:SAH)

SG Americas Securities LLC purchased a new position in Sonic Automotive, Inc. (NYSE:SAH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,850 shares of the company's stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAH. Phocas Financial Corp. purchased a new position in Sonic Automotive in the 3rd quarter worth approximately $3,645,000. Harbor Capital Advisors Inc. lifted its position in Sonic Automotive by 124.7% during the third quarter. Harbor Capital Advisors Inc. now owns 55,383 shares of the company's stock worth $3,239,000 after buying an additional 30,731 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sonic Automotive by 68.6% during the third quarter. JPMorgan Chase & Co. now owns 53,231 shares of the company's stock worth $3,113,000 after buying an additional 21,650 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Sonic Automotive in the 3rd quarter valued at $1,244,000. Finally, Walleye Capital LLC increased its stake in shares of Sonic Automotive by 245.6% in the 3rd quarter. Walleye Capital LLC now owns 28,210 shares of the company's stock worth $1,650,000 after acquiring an additional 20,047 shares during the last quarter. 46.92% of the stock is currently owned by institutional investors and hedge funds.

Sonic Automotive Trading Up 0.1 %

NYSE:SAH traded up $0.07 during trading hours on Monday, reaching $73.04. 209,762 shares of the stock were exchanged, compared to its average volume of 170,802. Sonic Automotive, Inc. has a twelve month low of $47.82 and a twelve month high of $76.49. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 1.87. The business has a 50-day moving average of $67.61 and a two-hundred day moving average of $62.38. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 13.00 and a beta of 1.68.

Wall Street Analysts Forecast Growth

SAH has been the subject of several recent analyst reports. Stephens upgraded shares of Sonic Automotive from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of Sonic Automotive from $75.00 to $74.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Bank of America lowered their price objective on Sonic Automotive from $67.00 to $66.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Seaport Res Ptn raised Sonic Automotive from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $74.00 price objective on shares of Sonic Automotive in a research report on Thursday, January 16th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sonic Automotive has a consensus rating of "Buy" and an average price target of $67.20.

Sonic Automotive Profile

Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.