Nisa Investment Advisors LLC Reduces Position in AutoNation, Inc. (NYSE:AN)

Nisa Investment Advisors LLC cut its position in shares of AutoNation, Inc. (NYSE:AN) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,266 shares of the company’s stock after selling 1,165 shares during the period. Nisa Investment Advisors LLC’s holdings in AutoNation were worth $2,423,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its position in AutoNation by 2.3% in the 3rd quarter. State Street Corp now owns 854,034 shares of the company’s stock valued at $152,804,000 after buying an additional 19,037 shares during the period. Geode Capital Management LLC boosted its position in AutoNation by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock valued at $77,623,000 after buying an additional 18,588 shares during the period. Charles Schwab Investment Management Inc. boosted its position in AutoNation by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock valued at $57,413,000 after buying an additional 19,015 shares during the period. Simcoe Capital Management LLC purchased a new stake in AutoNation in the 3rd quarter valued at about $42,255,000. Finally, Holocene Advisors LP purchased a new stake in AutoNation in the 3rd quarter valued at about $20,046,000. 94.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AN. Wells Fargo & Company boosted their price objective on shares of AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Bank of America reduced their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Guggenheim reduced their price target on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. reduced their price target 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. Finally, Stephens lowered shares of AutoNation from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $200.00 to $192.00 in a report on Friday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.14.

AutoNation Trading Down 1.4 %

NYSE AN opened at $182.67 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The firm has a market cap of $7.24 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.26. The company has a 50 day moving average price of $175.10 and a 200 day moving average price of $171.91. AutoNation, Inc. has a 52 week low of $136.35 and a 52 week high of $197.18.

AutoNation 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.