Public Sector Pension Investment Board Reduces Holdings in Autohome Inc. (NYSE:ATHM)

Public Sector Pension Investment Board reduced its holdings in Autohome Inc. (NYSE:ATHM) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,591 shares of the information services provider’s stock after selling 1,100 shares during the period. Public Sector Pension Investment Board’s holdings in Autohome were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new position in Autohome during the second quarter worth approximately $28,000. DekaBank Deutsche Girozentrale increased its stake in shares of Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after acquiring an additional 2,614 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Autohome during the 3rd quarter worth $219,000. Van ECK Associates Corp boosted its position in shares of Autohome by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after acquiring an additional 1,351 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Autohome by 4.9% in the first quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock valued at $195,000 after purchasing an additional 348 shares during the period. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATHM has been the topic of a number of analyst reports. StockNews.com downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome Price Performance

NYSE ATHM opened at $28.19 on Friday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 14.02 and a beta of 0.20. The firm’s 50-day moving average is $29.44 and its two-hundred day moving average is $27.51. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70.

Autohome declared that its board has approved a share repurchase program on Wednesday, September 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Autohome Increases Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 5.8%. This is a boost from Autohome’s previous Variable dividend of $0.57. Autohome’s dividend payout ratio (DPR) is presently 83.58%.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.