Mutual Advisors LLC Lowers Position in AutoNation, Inc. (NYSE:AN)

Mutual Advisors LLC trimmed its position in shares of AutoNation, Inc. (NYSE:AN) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,534 shares of the company’s stock after selling 64 shares during the quarter. Mutual Advisors LLC’s holdings in AutoNation were worth $1,194,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AN. State Street Corp increased its holdings in AutoNation by 2.3% in the third quarter. State Street Corp now owns 854,034 shares of the company’s stock valued at $152,804,000 after buying an additional 19,037 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of AutoNation by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock valued at $77,623,000 after purchasing an additional 18,588 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AutoNation by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock worth $57,413,000 after purchasing an additional 19,015 shares during the period. Simcoe Capital Management LLC purchased a new position in AutoNation during the third quarter worth approximately $42,255,000. Finally, Holocene Advisors LP acquired a new stake in AutoNation in the third quarter valued at approximately $20,046,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Trading Down 1.4 %

AN opened at $182.67 on Friday. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.26. The company’s 50 day simple moving average is $175.10 and its two-hundred day simple moving average is $171.83. AutoNation, Inc. has a 1-year low of $136.35 and a 1-year high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AN. Wells Fargo & Company upped their target price on AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Guggenheim reduced their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. dropped 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. Stephens downgraded shares of AutoNation from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $200.00 to $192.00 in a research report on Friday. Finally, Bank of America lowered their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $195.14.

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.