Duality Advisers LP Makes New $1.79 Million Investment in Lithia Motors Inc (NYSE:LAD)

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Duality Advisers LP acquired a new position in Lithia Motors Inc (NYSE:LAD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,819 shares of the company’s stock, valued at approximately $1,789,000. Duality Advisers LP owned 0.05% of Lithia Motors as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LAD. Simon Quick Advisors LLC raised its stake in shares of Lithia Motors by 426.7% in the first quarter. Simon Quick Advisors LLC now owns 611 shares of the company’s stock worth $50,000 after buying an additional 495 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Lithia Motors by 22.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,862 shares of the company’s stock worth $152,000 after buying an additional 341 shares during the period. Maverick Capital Ltd. bought a new position in shares of Lithia Motors in the first quarter worth about $168,000. Aigen Investment Management LP raised its stake in shares of Lithia Motors by 30,942.9% in the first quarter. Aigen Investment Management LP now owns 2,173 shares of the company’s stock worth $178,000 after buying an additional 2,166 shares during the period. Finally, CWM Advisors LLC bought a new position in shares of Lithia Motors in the first quarter worth about $201,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on LAD. JPMorgan Chase & Co. upped their price target on Lithia Motors from $170.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Guggenheim raised their target price on shares of Lithia Motors from $162.00 to $233.00 in a research note on Thursday, July 23rd. TheStreet raised shares of Lithia Motors from a “c” rating to a “b-” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on shares of Lithia Motors from $180.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Craig Hallum raised their target price on shares of Lithia Motors from $170.00 to $260.00 in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $203.43.

LAD opened at $229.15 on Friday. Lithia Motors Inc has a fifty-two week low of $55.74 and a fifty-two week high of $242.06. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 5.66 and a beta of 1.66. The company has a fifty day moving average of $165.96 and a 200 day moving average of $126.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.30 and a current ratio of 1.20.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $2.18. Lithia Motors had a net margin of 2.28% and a return on equity of 19.36%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.32 billion. On average, equities research analysts forecast that Lithia Motors Inc will post 11.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.31 dividend. This is a boost from Lithia Motors’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, August 13th. Lithia Motors’s dividend payout ratio (DPR) is presently 10.20%.

Lithia Motors Company Profile

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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