Hancock Whitney Corp Increases Stock Position in AutoNation, Inc. (NYSE:AN)

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Hancock Whitney Corp grew its stake in shares of AutoNation, Inc. (NYSE:AN) by 61.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,958 shares of the company’s stock after buying an additional 14,116 shares during the quarter. Hancock Whitney Corp’s holdings in AutoNation were worth $1,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AN. Cerebellum GP LLC bought a new position in shares of AutoNation in the 3rd quarter worth approximately $33,000. Tobias Financial Advisors Inc. bought a new position in shares of AutoNation in the 4th quarter worth approximately $32,000. TRUE Private Wealth Advisors bought a new position in shares of AutoNation in the 4th quarter worth approximately $37,000. Signaturefd LLC lifted its stake in shares of AutoNation by 31.9% in the 3rd quarter. Signaturefd LLC now owns 888 shares of the company’s stock worth $45,000 after purchasing an additional 215 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of AutoNation by 123.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock worth $43,000 after purchasing an additional 573 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NYSE AN opened at $47.50 on Friday. AutoNation, Inc. has a 12 month low of $32.83 and a 12 month high of $53.19. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 2.79 and a beta of 1.04. The company’s 50 day moving average is $45.65 and its two-hundred day moving average is $48.78. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63.

AutoNation (NYSE:AN) last released its earnings results on Tuesday, February 11th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. AutoNation had a net margin of 2.11% and a return on equity of 14.80%. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter last year, the business earned $1.02 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that AutoNation, Inc. will post 4.9 EPS for the current year.

In other AutoNation news, major shareholder Edward S. Lampert sold 214,149 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $45.08, for a total transaction of $9,653,836.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Cheryl Miller sold 4,331 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $49.97, for a total transaction of $216,420.07. Following the sale, the chief executive officer now owns 19,165 shares in the company, valued at approximately $957,675.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 441,755 shares of company stock worth $20,036,688. 2.40% of the stock is owned by company insiders.

AN has been the topic of several recent research reports. Benchmark initiated coverage on shares of AutoNation in a research note on Thursday, January 9th. They issued a “hold” rating on the stock. ValuEngine cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of AutoNation from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Finally, Cfra lowered their price objective on shares of AutoNation from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. AutoNation presently has a consensus rating of “Hold” and an average target price of $48.83.

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.

Read More: Limitations of the P/E Growth ratio

Want to see what other hedge funds are holding AN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoNation, Inc. (NYSE:AN).

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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