Advantage Alpha Capital Partners LP purchased a new stake in AutoNation, Inc. (NYSE:AN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,793 shares of the company's stock, valued at approximately $1,036,000.
A number of other hedge funds also recently made changes to their positions in the business. Boston Partners bought a new stake in AutoNation during the first quarter worth about $170,270,000. WINTON GROUP Ltd bought a new stake in AutoNation during the 2nd quarter worth approximately $15,832,000. Lodge Hill Capital LLC acquired a new stake in AutoNation during the 2nd quarter valued at $15,141,000. International Assets Investment Management LLC bought a new position in AutoNation in the 3rd quarter valued at $131,250,000. Finally, Cubist Systematic Strategies LLC boosted its stake in AutoNation by 4,275.6% in the second quarter. Cubist Systematic Strategies LLC now owns 50,107 shares of the company's stock worth $7,986,000 after purchasing an additional 51,307 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Bank of America decreased their price target on AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Guggenheim dropped their price objective on AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, November 21st. Finally, Morgan Stanley upgraded shares of AutoNation from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $199.29.
Read Our Latest Research Report on AN
AutoNation Stock Up 0.0 %
Shares of AN stock traded up $0.08 during trading on Tuesday, reaching $179.66. The company's stock had a trading volume of 615,912 shares, compared to its average volume of 435,998. AutoNation, Inc. has a one year low of $130.35 and a one year high of $197.18. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 3.62 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The business has a fifty day moving average price of $167.63 and a 200-day moving average price of $168.54.
AutoNation Profile
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Free Report)
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.
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