Quantbot Technologies LP Buys 8,382 Shares of AutoNation, Inc. (NYSE:AN)

Quantbot Technologies LP boosted its stake in shares of AutoNation, Inc. (NYSE:AN) by 193.8% during the third quarter, Holdings Channel.com reports. The fund owned 12,708 shares of the company’s stock after acquiring an additional 8,382 shares during the period. Quantbot Technologies LP’s holdings in AutoNation were worth $2,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AN. Advantage Alpha Capital Partners LP acquired a new position in shares of AutoNation in the 3rd quarter valued at approximately $1,036,000. The Manufacturers Life Insurance Company raised its position in AutoNation by 0.9% during the third quarter. The Manufacturers Life Insurance Company now owns 21,994 shares of the company’s stock valued at $3,935,000 after purchasing an additional 194 shares in the last quarter. Garner Asset Management Corp lifted its stake in AutoNation by 3.9% during the third quarter. Garner Asset Management Corp now owns 18,958 shares of the company’s stock worth $3,392,000 after purchasing an additional 716 shares during the last quarter. Larson Financial Group LLC lifted its stake in AutoNation by 10.7% during the third quarter. Larson Financial Group LLC now owns 1,629 shares of the company’s stock worth $291,000 after purchasing an additional 158 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of AutoNation by 9.7% in the 3rd quarter. Cerity Partners LLC now owns 3,346 shares of the company’s stock valued at $599,000 after purchasing an additional 297 shares during the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on AN. JPMorgan Chase & Co. dropped their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Bank of America dropped their target price 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. Guggenheim decreased their price target 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. Wells Fargo & Company reduced their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Finally, Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $199.29.

AutoNation Price Performance

Shares of AN opened at $179.22 on Friday. The business has a 50-day moving average of $168.00 and a 200-day moving average of $168.73. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 3.76 and a beta of 1.21. AutoNation, Inc. has a 1 year low of $130.35 and a 1 year high of $197.18.

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.