Financial Strategies Group Inc. Has $471,000 Holdings in AutoNation, Inc. (NYSE:AN)

Financial Strategies Group Inc. grew its holdings in AutoNation, Inc. (NYSE:AN) by 27.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,757 shares of the company’s stock after purchasing an additional 598 shares during the period. Financial Strategies Group Inc.’s holdings in AutoNation were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AN. Fortitude Family Office LLC raised its holdings in shares of AutoNation by 581.8% in the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after purchasing an additional 128 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of AutoNation by 54.0% in the third quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock valued at $56,000 after purchasing an additional 109 shares during the last quarter. NBC Securities Inc. increased its holdings in AutoNation by 28.1% during the third quarter. NBC Securities Inc. now owns 802 shares of the company’s stock worth $143,000 after buying an additional 176 shares during the last quarter. Finally, McIlrath & Eck LLC increased its holdings in AutoNation by 16.4% during the third quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock worth $172,000 after buying an additional 136 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AN shares. Stephens boosted their target price on shares of AutoNation from $192.00 to $195.00 and gave the stock an “equal weight” rating in a report on Monday, January 27th. Guggenheim lowered their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company boosted their target price on shares of AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Finally, Bank of America decreased their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.57.

AutoNation Price Performance

NYSE:AN opened at $188.39 on Monday. AutoNation, Inc. has a one year low of $136.35 and a one year high of $197.18. The company has a market cap of $7.47 billion, a P/E ratio of 10.86, a P/E/G ratio of 3.62 and a beta of 1.25. The firm’s fifty day moving average price is $177.19 and its two-hundred day moving average price is $172.38. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20.

About AutoNation

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.