Sei Investments Co. Has $945,000 Stock Holdings in Cars.com Inc. (NYSE:CARS)

Sei Investments Co. lowered its stake in shares of Cars.com Inc. (NYSE:CARS) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,537 shares of the company’s stock after selling 9,145 shares during the period. Sei Investments Co.’s holdings in Cars.com were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Boston Partners increased its position in Cars.com by 26.0% in the 4th quarter. Boston Partners now owns 3,178,426 shares of the company’s stock valued at $55,021,000 after buying an additional 655,518 shares in the last quarter. Barclays PLC increased its holdings in shares of Cars.com by 340.9% during the third quarter. Barclays PLC now owns 108,177 shares of the company’s stock valued at $1,813,000 after acquiring an additional 83,642 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Cars.com by 35.9% during the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock valued at $4,939,000 after acquiring an additional 74,133 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Cars.com by 199.0% during the fourth quarter. Teacher Retirement System of Texas now owns 109,714 shares of the company’s stock worth $1,901,000 after purchasing an additional 73,018 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Cars.com by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock worth $44,350,000 after purchasing an additional 65,210 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

Cars.com Price Performance

Shares of NYSE:CARS opened at $10.80 on Tuesday. Cars.com Inc. has a 1-year low of $9.87 and a 1-year high of $21.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market cap of $689.23 million, a PE ratio of 18.61 and a beta of 1.92. The stock’s fifty day simple moving average is $14.15 and its two-hundred day simple moving average is $16.29.

Wall Street Analysts Forecast Growth

CARS has been the subject of a number of recent research reports. DA Davidson decreased their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cars.com has a consensus rating of “Moderate Buy” and an average price target of $19.90.

About Cars.com

Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.