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

Mutual Advisors LLC decreased its position in AutoNation, Inc. (NYSE:AN) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,534 shares of the company’s stock after selling 64 shares during the period. Mutual Advisors LLC’s holdings in AutoNation were worth $1,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in AutoNation by 2.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock worth $509,000 after acquiring an additional 62 shares during the period. OLD National Bancorp IN grew its holdings in shares of AutoNation by 2.2% during the 3rd quarter. OLD National Bancorp IN now owns 3,100 shares of the company’s stock worth $555,000 after purchasing an additional 68 shares during the period. Sei Investments Co. increased its position in shares of AutoNation by 0.5% during the 2nd quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock worth $2,413,000 after purchasing an additional 72 shares during the last quarter. Davis Capital Management raised its holdings in AutoNation by 0.8% in the 4th quarter. Davis Capital Management now owns 9,703 shares of the company’s stock valued at $1,648,000 after buying an additional 79 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in AutoNation by 0.6% in the third quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company’s stock valued at $2,532,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Down 1.4 %

Shares of NYSE:AN opened at $182.67 on Friday. AutoNation, Inc. has a fifty-two week low of $136.35 and a fifty-two week high of $197.18. The firm’s 50 day moving average price is $175.10 and its 200 day moving average price is $171.83. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The stock has a market cap 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.

Analyst Ratings Changes

AN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Bank of America dropped their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Stephens cut AutoNation from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $200.00 to $192.00 in a report on Friday. Wells Fargo & Company boosted their price target on shares of AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Finally, Guggenheim lowered their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.