Atom Investors LP Has $1.70 Million Stock Holdings in AutoNation, Inc. (NYSE:AN)

Atom Investors LP reduced its stake in AutoNation, Inc. (NYSE:AN) by 12.5% during the 3rd quarter, Holdings Channel reports. The fund owned 9,481 shares of the company’s stock after selling 1,358 shares during the period. Atom Investors LP’s holdings in AutoNation were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew 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 valued at $32,000 after purchasing an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in AutoNation in the 2nd quarter valued at $37,000. Venturi Wealth Management LLC grew 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 in the last quarter. Quarry LP increased its position in AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after buying an additional 339 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of AutoNation during the second quarter worth $103,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Stock Up 0.7 %

Shares of AN opened at $180.07 on Tuesday. The firm has a 50 day simple moving average of $168.17 and a two-hundred day simple moving average of $168.92. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. AutoNation, Inc. has a one year low of $133.01 and a one year high of $197.18. The company has a market cap of $7.14 billion, a P/E ratio of 10.38, a P/E/G ratio of 3.75 and a beta of 1.24.

Analysts Set New Price Targets

A number of research firms recently commented on AN. JPMorgan Chase & Co. lowered their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Guggenheim cut their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Stephens assumed coverage on AutoNation in a research note on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective on the stock. Finally, Bank of America cut their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, AutoNation has an average rating of “Moderate Buy” and a consensus target price of $199.29.

AutoNation Company 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.