Financial Strategies Group Inc. Takes Position in Group 1 Automotive, Inc. (NYSE:GPI)

Financial Strategies Group Inc. bought a new position in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,287 shares of the company's stock, valued at approximately $458,000.

A number of other institutional investors have also recently made changes to their positions in GPI. The Manufacturers Life Insurance Company raised its holdings in shares of Group 1 Automotive by 22.0% during the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company's stock valued at $190,004,000 after purchasing an additional 115,143 shares during the last quarter. Woodson Capital Management LP boosted its position in Group 1 Automotive by 114.6% in the first quarter. Woodson Capital Management LP now owns 142,500 shares of the company's stock worth $41,643,000 after purchasing an additional 76,102 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Group 1 Automotive by 57.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 63,236 shares of the company's stock valued at $24,222,000 after purchasing an additional 23,051 shares during the last quarter. Shellback Capital LP lifted its stake in shares of Group 1 Automotive by 27.1% in the 2nd quarter. Shellback Capital LP now owns 95,302 shares of the company's stock worth $28,331,000 after purchasing an additional 20,302 shares during the period. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Group 1 Automotive by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company's stock worth $32,255,000 after buying an additional 16,600 shares during the last quarter. Hedge funds and other institutional investors own 99.92% of the company's stock.

Insider Activity at Group 1 Automotive

In other news, VP Michael David Jones sold 1,200 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $350.99, for a total transaction of $421,188.00. Following the transaction, the vice president now owns 9,742 shares of the company's stock, valued at approximately $3,419,344.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Group 1 Automotive news, VP Edward Mckissic sold 79 shares of Group 1 Automotive stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $374.01, for a total transaction of $29,546.79. Following the completion of the sale, the vice president now directly owns 6,259 shares of the company's stock, valued at $2,340,928.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael David Jones sold 1,200 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $350.99, for a total value of $421,188.00. Following the transaction, the vice president now directly owns 9,742 shares in the company, valued at $3,419,344.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Group 1 Automotive from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday. Stephens initiated coverage on Group 1 Automotive in a research report on Thursday, September 12th. They issued an "equal weight" rating and a $394.00 price target for the company. Morgan Stanley raised Group 1 Automotive from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $285.00 to $430.00 in a research report on Wednesday, September 25th. StockNews.com upgraded Group 1 Automotive from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Bank of America lowered their price target on shares of Group 1 Automotive from $445.00 to $435.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $397.80.

Group 1 Automotive Price Performance

Shares of NYSE:GPI traded down $0.72 during midday trading on Friday, reaching $402.07. 124,751 shares of the company were exchanged, compared to its average volume of 135,042. The company has a current ratio of 1.00, a quick ratio of 0.26 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.36 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. The business's fifty day moving average is $366.72 and its two-hundred day moving average is $333.42. Group 1 Automotive, Inc. has a one year low of $255.73 and a one year high of $413.36.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $9.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.87 by $0.03. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.06 billion. Group 1 Automotive had a return on equity of 18.49% and a net margin of 2.68%. The business's revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $12.07 earnings per share. As a group, analysts predict that Group 1 Automotive, Inc. will post 38.99 earnings per share for the current year.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.