Strs Ohio Lowers Position in Autohome Inc. $ATHM

Strs Ohio lessened its holdings in Autohome Inc. (NYSE:ATHM) by 84.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,800 shares of the information services provider’s stock after selling 37,600 shares during the period. Strs Ohio’s holdings in Autohome were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATHM. Raymond James Financial Inc. bought a new position in Autohome in the second quarter valued at $29,000. Guinness Asset Management LTD increased its stake in Autohome by 20.9% in the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after acquiring an additional 469 shares during the last quarter. Parallel Advisors LLC increased its stake in Autohome by 30.5% in the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 674 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Autohome by 141.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock valued at $92,000 after acquiring an additional 1,889 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in Autohome in the third quarter valued at $106,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ATHM. Wall Street Zen cut Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Zacks Research raised Autohome from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings cut Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Finally, Benchmark reissued a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Autohome has a consensus rating of “Reduce” and a consensus target price of $28.00.

Autohome Trading Up 1.1%

Shares of NYSE:ATHM opened at $19.20 on Tuesday. The stock’s 50-day moving average price is $18.36 and its 200-day moving average price is $21.45. Autohome Inc. has a 12-month low of $16.74 and a 12-month high of $29.92. The stock has a market capitalization of $2.21 billion, a P/E ratio of 11.71 and a beta of 0.26.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%.The firm had revenue of $208.96 million for the quarter. As a group, research analysts predict that Autohome Inc. will post 1.28 EPS for the current year.

About Autohome

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.