Quantbot Technologies LP Purchases 8,382 Shares of AutoNation, Inc. (NYSE:AN)

Quantbot Technologies LP raised its position in AutoNation, Inc. (NYSE:AN) by 193.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,708 shares of the company’s stock after acquiring an additional 8,382 shares during the period. Quantbot Technologies LP’s holdings in AutoNation were worth $2,274,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in AutoNation by 90.6% during the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AutoNation in the 2nd quarter valued at approximately $37,000. Venturi Wealth Management LLC boosted its holdings in shares of AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after buying an additional 226 shares during the last quarter. Quarry LP grew its stake in shares of AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after buying an additional 339 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in AutoNation during the second quarter worth $103,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stephens assumed coverage on shares of AutoNation in a research report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective for the company. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Bank of America dropped their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company reduced their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, AutoNation presently has an average rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Stock Performance

NYSE:AN opened at $179.22 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The stock has a 50 day simple moving average of $168.00 and a 200 day simple moving average of $168.73. AutoNation, Inc. has a 1-year low of $130.35 and a 1-year high of $197.18. The stock has a market cap of $7.11 billion, a P/E ratio of 10.34, a PEG ratio of 3.76 and a beta of 1.21.

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.