Group 1 Automotive, Inc. (NYSE:GPI) Shares Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP increased its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 181.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,321 shares of the company’s stock after buying an additional 13,742 shares during the period. Cinctive Capital Management LP owned about 0.16% of Group 1 Automotive worth $8,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Group 1 Automotive in the 4th quarter worth approximately $30,000. GAMMA Investing LLC boosted its position in Group 1 Automotive by 70.4% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company’s stock worth $51,000 after purchasing an additional 50 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company’s stock valued at $64,000 after purchasing an additional 31 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Group 1 Automotive in the fourth quarter valued at $66,000. Finally, Global Retirement Partners LLC raised its stake in shares of Group 1 Automotive by 59.3% during the 4th quarter. Global Retirement Partners LLC now owns 188 shares of the company’s stock worth $79,000 after buying an additional 70 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPI has been the topic of a number of research reports. Stephens reissued an “equal weight” rating and issued a $460.00 price objective on shares of Group 1 Automotive in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on Group 1 Automotive from $495.00 to $435.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Jefferies Financial Group began coverage on Group 1 Automotive in a research report on Friday, December 13th. They set a “buy” rating and a $500.00 price target for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $450.33.

Group 1 Automotive Stock Performance

Shares of GPI stock opened at $389.34 on Wednesday. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 10.59 and a beta of 1.05. The company has a 50 day moving average price of $440.31 and a 200 day moving average price of $414.35. Group 1 Automotive, Inc. has a one year low of $262.31 and a one year high of $490.09. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, beating the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. Sell-side analysts anticipate that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.50 per share. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 3rd. Group 1 Automotive’s payout ratio is presently 5.44%.

Group 1 Automotive Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.