Mutual of America Capital Management LLC Sells 330 Shares of AutoNation, Inc. (NYSE:AN)

Mutual of America Capital Management LLC lowered its position in AutoNation, Inc. (NYSE:AN) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,822 shares of the company’s stock after selling 330 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AutoNation were worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Simcoe Capital Management LLC purchased a new stake in shares of AutoNation in the 3rd quarter valued at $42,255,000. Holocene Advisors LP bought a new stake in AutoNation in the third quarter worth $20,046,000. Verition Fund Management LLC boosted its position in AutoNation by 739.9% during the third quarter. Verition Fund Management LLC now owns 109,040 shares of the company’s stock valued at $19,509,000 after buying an additional 96,058 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of AutoNation during the fourth quarter valued at about $13,239,000. Finally, Retirement Systems of Alabama increased its holdings in shares of AutoNation by 142.2% in the third quarter. Retirement Systems of Alabama now owns 73,429 shares of the company’s stock worth $13,138,000 after buying an additional 43,113 shares during the period. 94.62% of the stock is currently owned by institutional investors.

AutoNation Stock Down 0.4 %

Shares of NYSE AN opened at $171.14 on Friday. The firm has a fifty day simple moving average of $182.33 and a two-hundred day simple moving average of $174.51. AutoNation, Inc. has a 12 month low of $147.31 and a 12 month high of $198.50. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $6.68 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 3.51 and a beta of 1.25.

AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Equities analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current year.

Wall Street Analyst Weigh In

AN has been the subject of several analyst reports. Guggenheim restated a “buy” rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI raised their target price on shares of AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Stephens upped their price target on shares of AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. StockNews.com raised shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of AutoNation from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $204.71.

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.