BlueCrest Capital Management Ltd Increases Stock Holdings in Autohome Inc. $ATHM

BlueCrest Capital Management Ltd boosted its stake in Autohome Inc. (NYSE:ATHM) by 468.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 45,500 shares of the information services provider’s stock after purchasing an additional 37,500 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Autohome were worth $1,299,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Autohome by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock worth $236,000 after purchasing an additional 438 shares during the period. Guinness Asset Management LTD grew its holdings in shares of Autohome by 20.9% during the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock worth $79,000 after acquiring an additional 469 shares during the period. Parallel Advisors LLC raised its position in shares of Autohome by 30.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock worth $82,000 after acquiring an additional 674 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Autohome by 124.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 739 shares during the period. Finally, Barclays PLC grew its stake in Autohome by 1.2% in the third quarter. Barclays PLC now owns 67,558 shares of the information services provider’s stock worth $1,929,000 after purchasing an additional 789 shares during the period. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ATHM shares. Benchmark restated a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Autohome in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $28.00.

Autohome Trading Up 1.3%

NYSE ATHM opened at $18.84 on Wednesday. Autohome Inc. has a 12 month low of $17.87 and a 12 month high of $31.24. The stock has a market cap of $2.20 billion, a P/E ratio of 11.49 and a beta of 0.12. The stock’s fifty day moving average price is $21.09 and its 200-day moving average price is $24.17.

Autohome Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.