3,850 Shares in Sonic Automotive, Inc. (NYSE:SAH) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Sonic Automotive, Inc. (NYSE:SAH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,850 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. boosted its stake in Sonic Automotive by 100.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,196 shares of the company’s stock worth $70,000 after purchasing an additional 599 shares during the period. MQS Management LLC purchased a new stake in shares of Sonic Automotive in the third quarter valued at about $394,000. Inspire Investing LLC boosted its stake in shares of Sonic Automotive by 8.7% during the third quarter. Inspire Investing LLC now owns 7,036 shares of the company’s stock worth $411,000 after buying an additional 561 shares during the period. Franklin Resources Inc. grew its holdings in shares of Sonic Automotive by 6.7% during the third quarter. Franklin Resources Inc. now owns 9,643 shares of the company’s stock worth $530,000 after buying an additional 609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Sonic Automotive in the 3rd quarter valued at about $532,000. 46.92% of the stock is owned by institutional investors and hedge funds.

Sonic Automotive Price Performance

Shares of NYSE SAH opened at $74.92 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.35 and a current ratio of 1.11. Sonic Automotive, Inc. has a one year low of $47.82 and a one year high of $76.49. The firm has a market capitalization of $2.56 billion, a P/E ratio of 13.33 and a beta of 1.68. The company’s fifty day moving average is $67.46 and its two-hundred day moving average is $62.07.

Wall Street Analysts Forecast Growth

SAH has been the subject of a number of recent research reports. Bank of America decreased their price objective on Sonic Automotive from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. decreased their price target on Sonic Automotive from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $74.00 price objective on shares of Sonic Automotive in a research note on Thursday, January 16th. Seaport Res Ptn upgraded shares of Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Stephens upgraded shares of Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $67.20.

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.