Strengthening Families & Communities LLC Has $609,000 Stake in AutoNation, Inc. (NYSE:AN)

Strengthening Families & Communities LLC raised its position in shares of AutoNation, Inc. (NYSE:AN) by 13.2% during the third quarter, HoldingsChannel.com reports. The fund owned 3,403 shares of the company’s stock after buying an additional 398 shares during the quarter. Strengthening Families & Communities LLC’s holdings in AutoNation were worth $609,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AN. Wealth Enhancement Advisory Services LLC boosted its stake in AutoNation by 2.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock valued at $509,000 after purchasing an additional 62 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of AutoNation by 1.2% during the second quarter. Concurrent Investment Advisors LLC now owns 5,436 shares of the company’s stock worth $866,000 after acquiring an additional 65 shares in the last quarter. OLD National Bancorp IN boosted its stake in AutoNation by 2.2% in 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. boosted its position in shares of AutoNation by 0.5% in the second quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock valued at $2,413,000 after acquiring an additional 72 shares during the period. Finally, Davis Capital Management grew its position in shares of AutoNation by 0.9% during the 2nd quarter. Davis Capital Management now owns 9,532 shares of the company’s stock valued at $1,543,000 after purchasing an additional 84 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Price Performance

Shares of NYSE AN opened at $164.31 on Tuesday. AutoNation, Inc. has a 1 year low of $130.35 and a 1 year high of $197.18. The stock has a market capitalization of $6.51 billion, a P/E ratio of 9.48, a P/E/G ratio of 3.42 and a beta of 1.21. The company’s 50-day moving average is $166.86 and its 200 day moving average is $168.36. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20.

Wall Street Analyst Weigh In

AN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company decreased their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Stephens began coverage on AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 target price for the company. Bank of America decreased their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $199.00.

Insider Transactions at AutoNation

In other AutoNation news, major shareholder Edward S. Lampert sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $182.06, for a total transaction of $91,030.00. Following the completion of the transaction, the insider now owns 3,825,338 shares of the company’s stock, valued at approximately $696,441,036.28. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.74% of the company’s stock.

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.