Nisa Investment Advisors LLC cut its holdings in Cars.com Inc. (NYSE:CARS - Free Report) by 65.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,028 shares of the company's stock after selling 15,528 shares during the period. Nisa Investment Advisors LLC's holdings in Cars.com were worth $139,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. raised its position in Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company's stock worth $316,000 after purchasing an additional 6,855 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Cars.com by 16.2% in the 4th quarter. Park Avenue Securities LLC now owns 18,002 shares of the company's stock worth $312,000 after buying an additional 2,506 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Cars.com by 35.9% during the 4th quarter. Nordea Investment Management AB now owns 280,475 shares of the company's stock worth $4,939,000 after buying an additional 74,133 shares during the period. Franklin Resources Inc. boosted its stake in Cars.com by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 28,963 shares of the company's stock valued at $460,000 after buying an additional 1,690 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Cars.com by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company's stock valued at $24,513,000 after acquiring an additional 6,021 shares during the period. Institutional investors own 89.15% of the company's stock.
Insider Buying and Selling
In other Cars.com news, Director Jill A. Greenthal sold 4,524 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total transaction of $89,846.64. Following the completion of the transaction, the director now owns 101,963 shares of the company's stock, valued at approximately $2,024,985.18. The trade was a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sonia Jain sold 24,971 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total transaction of $492,927.54. Following the sale, the chief financial officer now directly owns 229,229 shares in the company, valued at approximately $4,524,980.46. The trade was a 9.82 % decrease in their position. The disclosure for this sale can be found here. 2.12% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CARS shares. Barrington Research reissued an "outperform" rating and set a $25.00 price objective on shares of Cars.com in a report on Tuesday, January 28th. UBS Group lifted their price target on shares of Cars.com from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cars.com from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th.
Check Out Our Latest Report on CARS
Cars.com Stock Down 2.1 %
Shares of CARS traded down $0.38 on Monday, hitting $17.55. The company's stock had a trading volume of 133,371 shares, compared to its average volume of 411,179. The firm's fifty day moving average price is $18.11 and its 200-day moving average price is $17.70. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 30.30 and a beta of 2.15. Cars.com Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $21.24.
Cars.com Profile
(
Free Report)
Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.
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