Amalgamated Bank Has $2.19 Million Position in AutoNation, Inc. (NYSE:AN)

Amalgamated Bank decreased its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 21.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,248 shares of the company's stock after selling 3,362 shares during the quarter. Amalgamated Bank's holdings in AutoNation were worth $2,191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AN. State Board of Administration of Florida Retirement System lifted its holdings in shares of AutoNation by 54.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 51,743 shares of the company's stock worth $8,568,000 after buying an additional 18,157 shares during the period. Diversified Trust Co purchased a new position in shares of AutoNation in the second quarter valued at approximately $838,000. BOKF NA lifted its position in shares of AutoNation by 39.1% in the first quarter. BOKF NA now owns 53,461 shares of the company's stock valued at $8,808,000 after acquiring an additional 15,015 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of AutoNation in the first quarter valued at approximately $1,083,000. Finally, Raymond James & Associates increased its stake in AutoNation by 10.7% during the second quarter. Raymond James & Associates now owns 58,084 shares of the company's stock worth $9,257,000 after acquiring an additional 5,611 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Edward S. Lampert sold 39,194 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the transaction, the insider now owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Edward S. Lampert sold 39,194 shares of AutoNation stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the sale, the insider now directly owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 500 shares of AutoNation stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $182.06, for a total transaction of $91,030.00. Following the sale, the insider now owns 3,825,338 shares in the company, valued at approximately $696,441,036.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

AutoNation Stock Performance

Shares of NYSE:AN traded down $2.75 during trading hours on Tuesday, hitting $165.29. The stock had a trading volume of 96,266 shares, compared to its average volume of 431,124. AutoNation, Inc. has a 1-year low of $129.32 and a 1-year high of $197.18. 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 $6.55 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 3.37 and a beta of 1.21. The stock's fifty day simple moving average is $166.93 and its 200 day simple moving average is $168.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America dropped their price objective on AutoNation from $220.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Morgan Stanley upgraded AutoNation from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Wells Fargo & Company dropped their target price on AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Stephens started coverage on AutoNation in a research note on Thursday, September 12th. They issued an "overweight" rating and a $210.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on AutoNation from $190.00 to $180.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AutoNation currently has a consensus rating of "Moderate Buy" and an average price target of $199.00.

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.