Autohome Inc. (NYSE:ATHM) Short Interest Down 32.6% in March

Autohome Inc. (NYSE:ATHM) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,634,426 shares, a decrease of 32.6% from the February 26th total of 2,423,764 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 830,788 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ATHM shares. Zacks Research lowered Autohome from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Autohome in a research note on Monday, December 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $28.00.

Autohome Stock Performance

Shares of ATHM stock traded down $0.39 during trading hours on Friday, reaching $16.90. The company had a trading volume of 364,234 shares, compared to its average volume of 1,294,117. The business has a fifty day moving average price of $20.30 and a 200-day moving average price of $23.58. Autohome has a one year low of $16.86 and a one year high of $29.92. The firm has a market cap of $1.97 billion, a PE ratio of 10.30 and a beta of 0.12.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. The company had revenue of $208.96 million for the quarter. Equities research analysts forecast that Autohome will post 1.84 EPS for the current year.

Institutional Investors Weigh In On Autohome

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Autohome in the second quarter worth approximately $29,000. PNC Financial Services Group Inc. grew its position in shares of Autohome by 124.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 739 shares during the period. Global Retirement Partners LLC grew its holdings in Autohome by 205.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 1,112 shares during the period. Guinness Asset Management LTD raised its stake in shares of Autohome by 20.7% in the fourth quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock worth $76,000 after buying an additional 560 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after buying an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.