1,197 Shares in AutoNation, Inc. (NYSE:AN) Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new position in AutoNation, Inc. (NYSE:AN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,197 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in AutoNation by 501.5% in the 1st quarter. SG Americas Securities LLC now owns 5,576 shares of the company’s stock worth $923,000 after buying an additional 4,649 shares in the last quarter. Sei Investments Co. lifted its position in AutoNation by 1.3% in the 1st quarter. Sei Investments Co. now owns 15,058 shares of the company’s stock worth $2,493,000 after buying an additional 189 shares in the last quarter. Headlands Technologies LLC purchased a new stake in AutoNation in the 1st quarter worth approximately $57,000. US Bancorp DE lifted its position in AutoNation by 17.5% in the 1st quarter. US Bancorp DE now owns 3,149 shares of the company’s stock worth $521,000 after buying an additional 468 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in AutoNation by 54.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 51,743 shares of the company’s stock worth $8,568,000 after buying an additional 18,157 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Performance

NYSE:AN opened at $166.97 on Friday. AutoNation, Inc. has a 1 year low of $129.32 and a 1 year high of $197.18. The firm’s fifty day simple moving average is $166.78 and its 200 day simple moving average is $168.27. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $6.62 billion, a PE ratio of 9.63, a PEG ratio of 3.40 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Bank of America cut their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $145.00 to $200.00 in a report on Wednesday, September 25th. Finally, Stephens began coverage on shares of AutoNation in a report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, AutoNation currently has an average rating of “Moderate Buy” and a consensus target price of $199.00.

Insider Activity at AutoNation

In related news, major shareholder Edward S. Lampert sold 39,194 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $183.43, for a total value of $7,189,355.42. Following the transaction, the insider now directly owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is currently owned by company insiders.

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.