Natixis Advisors LLC Purchases 426 Shares of AutoNation, Inc. (NYSE:AN)

Natixis Advisors LLC boosted its position in AutoNation, Inc. (NYSE:AN) by 2.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 16,197 shares of the company’s stock after purchasing an additional 426 shares during the period. Natixis Advisors LLC’s holdings in AutoNation were worth $2,898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in AutoNation in the second quarter worth about $37,000. Venturi Wealth Management LLC boosted its stake in AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after acquiring an additional 226 shares during the last quarter. Quarry LP grew its position in shares of AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after acquiring an additional 339 shares during the period. Finally, Mather Group LLC. purchased a new stake in shares of AutoNation during the 2nd quarter worth approximately $103,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Bank of America lowered their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. cut their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Finally, Guggenheim reduced their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Stock Performance

AutoNation stock opened at $172.46 on Monday. AutoNation, Inc. has a 1-year low of $130.35 and a 1-year high of $197.18. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $6.84 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 3.55 and a beta of 1.21. The firm’s 50 day simple moving average is $167.39 and its 200 day simple moving average is $168.45.

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.