State of Alaska Department of Revenue Grows Position in AutoNation, Inc. (NYSE:AN)

State of Alaska Department of Revenue boosted its holdings in AutoNation, Inc. (NYSE:AN) by 7.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,008 shares of the company’s stock after acquiring an additional 205 shares during the period. State of Alaska Department of Revenue’s holdings in AutoNation were worth $538,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in AutoNation during the second quarter valued at $37,000. Headlands Technologies LLC purchased a new position in AutoNation during the first quarter valued at $57,000. Quarry LP grew its holdings in AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after purchasing an additional 339 shares during the period. Finally, Mather Group LLC. purchased a new stake in AutoNation in the second quarter worth about $103,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Insider Activity

In other news, major shareholder Edward S. Lampert sold 39,194 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the transaction, the insider now owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Edward S. Lampert sold 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $182.06, for a total transaction of $91,030.00. Following the sale, the insider now owns 3,825,338 shares of the company’s stock, valued at $696,441,036.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Edward S. Lampert sold 39,194 shares of AutoNation stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $183.43, for a total value of $7,189,355.42. Following the completion of the transaction, the insider now owns 3,786,144 shares in the company, valued at $694,492,393.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AN shares. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $200.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. lowered their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company cut their price target 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. Stephens started coverage on AutoNation in a research report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.00.

AutoNation Trading Down 1.2 %

AN opened at $167.00 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The stock’s 50 day moving average price is $167.41 and its 200-day moving average price is $168.07. AutoNation, Inc. has a one year low of $129.32 and a one year high of $197.18. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 3.24 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.