Holocene Advisors LP Makes New $20.05 Million Investment in AutoNation, Inc. (NYSE:AN)

Holocene Advisors LP bought a new position in shares of AutoNation, Inc. (NYSE:AN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 112,038 shares of the company’s stock, valued at approximately $20,046,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in 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 shares of AutoNation in the 2nd quarter valued at about $37,000. Venturi Wealth Management LLC boosted its stake in shares of AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after buying an additional 226 shares during the last quarter. Quarry LP grew its holdings in AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after acquiring an additional 339 shares during the period. Finally, Mather Group LLC. purchased a new position in AutoNation during the second quarter valued at approximately $103,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Stock Up 0.7 %

AN stock opened at $180.07 on Tuesday. AutoNation, Inc. has a 52 week low of $133.01 and a 52 week high of $197.18. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The firm has a 50-day simple moving average of $168.17 and a 200-day simple moving average of $168.92. The stock has a market capitalization 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

Several research firms have commented on AN. Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Guggenheim dropped their price target on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Bank of America decreased their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stephens initiated coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.