Bridgewater Associates LP Raises Stake in AutoNation, Inc. (NYSE:AN)

Bridgewater Associates LP boosted its stake in AutoNation, Inc. (NYSE:AN) by 103.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,233 shares of the company’s stock after purchasing an additional 32,110 shares during the quarter. Bridgewater Associates LP owned approximately 0.16% of AutoNation worth $11,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners purchased a new position in AutoNation during the first quarter worth about $170,270,000. WINTON GROUP Ltd purchased a new position in shares of AutoNation during the second quarter worth about $15,832,000. Lodge Hill Capital LLC bought a new position in shares of AutoNation in the second quarter worth approximately $15,141,000. International Assets Investment Management LLC purchased a new stake in AutoNation in the third quarter valued at approximately $131,250,000. Finally, Cubist Systematic Strategies LLC lifted its position in AutoNation by 4,275.6% during the second quarter. Cubist Systematic Strategies LLC now owns 50,107 shares of the company’s stock valued at $7,986,000 after purchasing an additional 51,307 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Trading Down 0.2 %

NYSE:AN opened at $179.22 on Friday. The firm has a market capitalization of $7.11 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.76 and a beta of 1.21. AutoNation, Inc. has a 52 week low of $130.35 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 company has a fifty day moving average of $168.00 and a 200 day moving average of $168.73.

Analyst Ratings Changes

Several research firms have recently weighed in on AN. Wells Fargo & Company lowered their price objective on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Guggenheim decreased their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Stephens initiated coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. Bank of America lowered their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. decreased their target price 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.29.

AutoNation 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.