Kayne Anderson Rudnick Investment Management LLC Sells 4,005 Shares of Autohome Inc. (NYSE:ATHM)

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in Autohome Inc. (NYSE:ATHM) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 447,014 shares of the information services provider’s stock after selling 4,005 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.36% of Autohome worth $12,271,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Atlas Capital Advisors LLC purchased a new stake in Autohome in the 2nd quarter valued at about $28,000. Parallel Advisors LLC increased its stake in Autohome by 99.4% in the 4th quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock valued at $37,000 after buying an additional 657 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Autohome by 88.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after buying an additional 800 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Autohome by 24.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock valued at $123,000 after buying an additional 912 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after buying an additional 2,614 shares during the last quarter. Institutional investors own 63.08% of the company’s stock.

Autohome Trading Up 0.4 %

ATHM opened at $28.11 on Monday. The company has a 50 day moving average of $25.16 and a 200 day moving average of $26.36. The company has a market cap of $3.53 billion, a PE ratio of 13.32 and a beta of 0.15. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $30.92.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, topping the consensus estimate of $0.59 by $4.12. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm earned $0.59 EPS. Autohome’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts forecast that Autohome Inc. will post 1.96 earnings per share for the current fiscal year.

Autohome declared that its Board of Directors has approved a stock buyback plan on Wednesday, September 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on ATHM. Benchmark lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Citigroup restated a “neutral” rating and set a $28.00 price target (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.