AlphaQuest LLC lessened its position in shares of Sonic Automotive, Inc. (NYSE:SAH - Free Report) by 77.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,906 shares of the company's stock after selling 6,602 shares during the quarter. AlphaQuest LLC's holdings in Sonic Automotive were worth $121,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Sonic Automotive by 515.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the company's stock valued at $30,000 after purchasing an additional 402 shares during the last quarter. R Squared Ltd bought a new stake in Sonic Automotive in the fourth quarter valued at about $72,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Sonic Automotive by 100.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,196 shares of the company's stock valued at $70,000 after purchasing an additional 599 shares during the last quarter. SG Americas Securities LLC bought a new stake in Sonic Automotive in the fourth quarter valued at about $244,000. Finally, Pacific Global Investment Management Co. increased its holdings in Sonic Automotive by 4.1% in the fourth quarter. Pacific Global Investment Management Co. now owns 4,554 shares of the company's stock valued at $288,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 46.92% of the company's stock.
Sonic Automotive Stock Up 0.1 %
Shares of SAH traded up $0.05 during mid-day trading on Friday, hitting $60.70. 450,781 shares of the company's stock were exchanged, compared to its average volume of 178,842. The company has a market cap of $2.05 billion, a PE ratio of 9.82 and a beta of 1.70. Sonic Automotive, Inc. has a 52 week low of $47.82 and a 52 week high of $76.78. The company has a 50-day simple moving average of $68.85 and a 200 day simple moving average of $63.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.09 and a quick ratio of 0.35.
Sonic Automotive (NYSE:SAH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.05. Sonic Automotive had a net margin of 1.52% and a return on equity of 19.96%. On average, research analysts forecast that Sonic Automotive, Inc. will post 6.14 earnings per share for the current fiscal year.
Sonic Automotive Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.31%. Sonic Automotive's dividend payout ratio is currently 22.65%.
Analyst Ratings Changes
SAH has been the topic of a number of research analyst reports. Stephens raised their price target on Sonic Automotive from $83.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on shares of Sonic Automotive from $74.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Seaport Res Ptn raised shares of Sonic Automotive from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. StockNews.com upgraded Sonic Automotive from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC cut their price target on Sonic Automotive from $100.00 to $93.00 and set a "buy" rating on the stock in a report on Wednesday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $77.80.
Check Out Our Latest Stock Analysis on SAH
Sonic Automotive Profile
(
Free Report)
Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.
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