Northwestern Mutual Investment Management Company LLC lessened its stake in AutoNation, Inc. (NYSE:AN) by 5.7% in the 1st quarter, Holdings Channel reports. The firm owned 10,254 shares of the company’s stock after selling 625 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in AutoNation were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaOne Investment Services LLC bought a new position in AutoNation in the 4th quarter valued at approximately $25,000. Bessemer Group Inc. grew its holdings in shares of AutoNation by 67.8% during the fourth quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock valued at $31,000 after buying an additional 356 shares during the last quarter. Investors Research Corp bought a new stake in AutoNation in the first quarter worth about $32,000. Advisor Group Inc. raised its position in shares of AutoNation by 696.8% in the first quarter. Advisor Group Inc. now owns 996 shares of the company’s stock valued at $35,000 after purchasing an additional 871 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in AutoNation by 16.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,191 shares of the company’s stock valued at $150,000 after acquiring an additional 601 shares in the last quarter. 65.42% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE AN traded down $0.74 during trading on Wednesday, reaching $40.14. The company had a trading volume of 3,104 shares, compared to its average volume of 877,397. AutoNation, Inc. has a twelve month low of $32.83 and a twelve month high of $51.99. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 3.73 and a beta of 1.08. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 0.57.

AutoNation (NYSE:AN) last issued its earnings results on Friday, April 26th. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.13. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $5.21 billion. AutoNation had a return on equity of 15.48% and a net margin of 1.87%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. As a group, analysts anticipate that AutoNation, Inc. will post 4.3 EPS for the current year.

AN has been the subject of several research reports. Morgan Stanley upped their price objective on shares of AutoNation from $27.00 to $36.00 and gave the stock an “underweight” rating in a report on Monday, May 6th. SunTrust Banks lifted their price objective on shares of AutoNation to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Longbow Research began coverage on shares of AutoNation in a report on Friday, May 31st. They issued a “neutral” rating for the company. JPMorgan Chase & Co. started coverage on shares of AutoNation in a research note on Tuesday, February 19th. They set an “underweight” rating and a $40.00 target price for the company. Finally, Bank of America reiterated a “buy” rating and issued a $55.00 target price (down from $59.00) on shares of AutoNation in a report on Tuesday, February 26th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. AutoNation has a consensus rating of “Hold” and a consensus price target of $41.01.

In other AutoNation news, Chairman Michael J. Jackson sold 37,104 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $41.93, for a total transaction of $1,555,770.72. Following the transaction, the chairman now directly owns 204,790 shares in the company, valued at $8,586,844.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Carl C. Liebert III bought 2,575 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of $38.95 per share, for a total transaction of $100,296.25. Following the completion of the acquisition, the chief executive officer now owns 2,575 shares of the company’s stock, valued at $100,296.25. The disclosure for this purchase can be found here. Insiders have sold a total of 45,693 shares of company stock worth $1,906,693 over the last quarter. Insiders own 2.40% of the company’s stock.

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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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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