Quadrature Capital Ltd Sells 10,589 Shares of AutoNation, Inc. (NYSE:AN)

Quadrature Capital Ltd lessened its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 61.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,573 shares of the company's stock after selling 10,589 shares during the period. Quadrature Capital Ltd's holdings in AutoNation were worth $1,175,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 96 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in AutoNation during the second quarter worth about $37,000. Venturi Wealth Management LLC increased its holdings in AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock valued at $50,000 after buying an additional 226 shares during the period. Quarry LP raised its position in shares of AutoNation by 498.5% in the 2nd quarter. Quarry LP now owns 407 shares of the company's stock valued at $65,000 after buying an additional 339 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of AutoNation by 212.2% during the 2nd quarter. Fifth Third Bancorp now owns 743 shares of the company's stock worth $118,000 after acquiring an additional 505 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Trading Up 0.2 %

Shares of NYSE:AN traded up $0.36 during mid-day trading on Friday, reaching $177.90. 464,800 shares of the company's stock were exchanged, compared to its average volume of 443,318. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 3.82 and a beta of 1.24. AutoNation, Inc. has a twelve month low of $133.01 and a twelve month high of $197.18. The business's fifty day moving average price is $168.25 and its 200-day moving average price is $169.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80.

Analysts Set New Price Targets

AN has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Guggenheim lowered their price target on AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, November 21st. Bank of America reduced their price objective on AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Stephens began coverage on AutoNation in a research note on Thursday, September 12th. They set an "overweight" rating and a $210.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, AutoNation presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.29.

AutoNation 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.