Yousif Capital Management LLC decreased its holdings in shares of Sonic Automotive, Inc. (NYSE:SAH – Free Report) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,971 shares of the company’s stock after selling 525 shares during the period. Yousif Capital Management LLC’s holdings in Sonic Automotive were worth $381,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in SAH. Denali Advisors LLC purchased a new position in shares of Sonic Automotive in the 3rd quarter worth about $1,328,000. SG Americas Securities LLC purchased a new position in shares of Sonic Automotive in the 3rd quarter worth about $135,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Sonic Automotive by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,014 shares of the company’s stock worth $286,000 after purchasing an additional 324 shares in the last quarter. Verity Asset Management Inc. boosted its holdings in shares of Sonic Automotive by 73.1% in the 2nd quarter. Verity Asset Management Inc. now owns 8,980 shares of the company’s stock worth $428,000 after purchasing an additional 3,791 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Sonic Automotive in the 2nd quarter worth about $743,000. Institutional investors own 48.58% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. TheStreet upgraded Sonic Automotive from a “c” rating to a “b” rating in a report on Monday, November 27th. StockNews.com cut Sonic Automotive from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Benchmark increased their target price on Sonic Automotive from $58.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. cut Sonic Automotive from a “neutral” rating to an “underweight” rating and set a $50.00 target price for the company. in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sonic Automotive has an average rating of “Hold” and an average price target of $51.75.
Sonic Automotive Trading Down 0.5 %
SAH opened at $52.90 on Wednesday. The business has a 50 day simple moving average of $53.23 and a two-hundred day simple moving average of $50.95. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -38.90 and a beta of 1.81. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.12 and a quick ratio of 0.40. Sonic Automotive, Inc. has a one year low of $39.02 and a one year high of $62.26.
About Sonic Automotive
Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.
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