Innealta Capital LLC Increases Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Innealta Capital LLC grew its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 633 shares of the company’s stock after purchasing an additional 69 shares during the quarter. Innealta Capital LLC’s holdings in Group 1 Automotive were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new position in Group 1 Automotive in the 3rd quarter valued at approximately $36,000. Hexagon Capital Partners LLC grew its stake in Group 1 Automotive by 53.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 146 shares of the company’s stock worth $43,000 after purchasing an additional 51 shares in the last quarter. Headlands Technologies LLC acquired a new position in Group 1 Automotive during the 2nd quarter worth $48,000. Blue Trust Inc. raised its position in Group 1 Automotive by 47.5% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the company’s stock valued at $79,000 after purchasing an additional 87 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Group 1 Automotive by 17.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the company’s stock valued at $79,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

Group 1 Automotive Price Performance

Group 1 Automotive stock opened at $362.34 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.02 and a quick ratio of 0.26. The business has a 50 day simple moving average of $365.24 and a 200-day simple moving average of $330.90. Group 1 Automotive, Inc. has a 12 month low of $255.73 and a 12 month high of $393.93. The stock has a market capitalization of $4.86 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $9.90 EPS for the quarter, topping analysts’ consensus estimates of $9.87 by $0.03. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.06 billion. Group 1 Automotive had a net margin of 2.68% and a return on equity of 18.83%. Group 1 Automotive’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.07 EPS. Equities analysts predict that Group 1 Automotive, Inc. will post 38.99 earnings per share for the current year.

Group 1 Automotive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a dividend of $0.47 per share. The ex-dividend date was Friday, August 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.52%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 5.01%.

Analyst Upgrades and Downgrades

GPI has been the topic of a number of analyst reports. Stephens assumed coverage on shares of Group 1 Automotive in a report on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 price objective on the stock. Morgan Stanley raised Group 1 Automotive from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $285.00 to $430.00 in a report on Wednesday, September 25th. Bank of America dropped their price objective on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on Group 1 Automotive from $360.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, StockNews.com raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Group 1 Automotive currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Insiders Place Their Bets

In other Group 1 Automotive news, 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 transaction of $421,188.00. Following the sale, the vice president now owns 9,742 shares in the company, valued at approximately $3,419,344.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

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.