Cambria Investment Management L.P. reduced its position in Group 1 Automotive, Inc. (NYSE:GPI) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,124 shares of the company’s stock after selling 1,960 shares during the quarter. Cambria Investment Management L.P. owned 0.07% of Group 1 Automotive worth $894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPI. Victory Capital Management Inc. purchased a new position in shares of Group 1 Automotive in the 1st quarter worth about $113,000. Riverhead Capital Management LLC boosted its holdings in shares of Group 1 Automotive by 93.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after purchasing an additional 932 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Group 1 Automotive in the 1st quarter worth about $133,000. Invictus RG boosted its holdings in shares of Group 1 Automotive by 435.1% in the 1st quarter. Invictus RG now owns 2,226 shares of the company’s stock worth $165,000 after purchasing an additional 1,810 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Group 1 Automotive in the 2nd quarter worth about $177,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.

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A number of research firms have recently issued reports on GPI. KeyCorp reiterated a “hold” rating on shares of Group 1 Automotive in a report on Wednesday. ValuEngine cut Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research cut Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub cut Group 1 Automotive from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $66.00 price objective (down from $75.00) on shares of Group 1 Automotive in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.80.

In related news, CFO John C. Rickel sold 10,000 shares of Group 1 Automotive stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $66.99, for a total value of $669,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.00% of the company’s stock.

Group 1 Automotive, Inc. (GPI) traded up 0.33% during midday trading on Friday, hitting $72.92. The stock had a trading volume of 6,968 shares. The company has a market capitalization of $1.47 billion, a PE ratio of 11.21 and a beta of 1.63. Group 1 Automotive, Inc. has a 1-year low of $51.62 and a 1-year high of $83.18. The stock’s 50-day moving average is $64.04 and its 200-day moving average is $63.91.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.99 by ($0.12). The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. Equities research analysts forecast that Group 1 Automotive, Inc. will post $7.06 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.24 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.96 annualized dividend and a yield of 1.32%. Group 1 Automotive’s dividend payout ratio is currently 14.75%.

About Group 1 Automotive

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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