State of Tennessee Treasury Department Reduces Stake in AutoNation, Inc. (NYSE:AN)

State of Tennessee Treasury Department decreased its stake in shares of AutoNation, Inc. (NYSE:AN) by 32.1% during the third quarter, HoldingsChannel.com reports. The firm owned 37,217 shares of the company’s stock after selling 17,600 shares during the period. State of Tennessee Treasury Department’s holdings in AutoNation were worth $1,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Townsend & Associates Inc increased its stake in AutoNation by 18.4% in the 2nd quarter. Townsend & Associates Inc now owns 23,822 shares of the company’s stock worth $1,014,000 after acquiring an additional 3,700 shares during the last quarter. Sanders Morris Harris LLC bought a new position in shares of AutoNation during the second quarter valued at approximately $210,000. Nisa Investment Advisors LLC grew its stake in shares of AutoNation by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 30,322 shares of the company’s stock valued at $1,272,000 after buying an additional 2,600 shares during the last quarter. 6 Meridian grew its stake in shares of AutoNation by 2.1% during the second quarter. 6 Meridian now owns 12,960 shares of the company’s stock valued at $544,000 after buying an additional 268 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of AutoNation by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 23,096 shares of the company’s stock valued at $969,000 after buying an additional 329 shares during the last quarter. 65.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE AN traded up $0.34 during trading hours on Monday, reaching $52.11. The stock had a trading volume of 1,757 shares, compared to its average volume of 774,072. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 3.30 and a beta of 1.03. The business’s fifty day moving average price is $50.16 and its two-hundred day moving average price is $45.37. AutoNation, Inc. has a 52-week low of $32.83 and a 52-week high of $53.19.

AutoNation (NYSE:AN) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The firm had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.38 billion. AutoNation had a net margin of 1.82% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. Equities research analysts anticipate that AutoNation, Inc. will post 4.55 earnings per share for the current fiscal year.

AN has been the topic of a number of analyst reports. ValuEngine raised AutoNation from a “strong sell” rating to a “sell” rating in a research note on Friday, October 25th. Morgan Stanley upped their target price on AutoNation from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, October 15th. Cfra raised AutoNation from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Finally, TheStreet raised AutoNation from a “c+” rating to a “b” rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $43.18.

In other AutoNation news, Director David B. Edelson sold 20,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.51, for a total transaction of $1,050,200.00. Following the completion of the sale, the director now owns 57,030 shares in the company, valued at $2,994,645.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the director now owns 44,611 shares of the company’s stock, valued at approximately $2,230,550. The disclosure for this sale can be found here. Insiders sold 207,143 shares of company stock valued at $10,690,630 in the last quarter. 2.40% of the stock is owned by company insiders.

About AutoNation

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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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