Short Interest in Autohome Inc. (ATHM) Rises By 63.6%
Autohome Inc. (NYSE:ATHM) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,024,604 shares, a growth of 63.6% from the October 14th total of 626,126 shares. Based on an average daily volume of 452,657 shares, the days-to-cover ratio is currently 2.3 days.
Autohome (NYSE:ATHM) opened at 27.23 on Wednesday. Autohome has a 12 month low of $19.32 and a 12 month high of $37.17. The company has a 50 day moving average price of $25.12 and a 200 day moving average price of $24.18. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 18.82 and a beta of 2.08.
Autohome (NYSE:ATHM) last announced its earnings results on Monday, November 14th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Autohome had a net margin of 22.70% and a return on equity of 21.34%. The company had revenue of $221.20 million for the quarter, compared to the consensus estimate of $207.44 million. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue was up 56.4% on a year-over-year basis. Equities research analysts predict that Autohome will post $1.65 earnings per share for the current year.
ATHM has been the topic of several analyst reports. Brean Capital restated a “buy” rating on shares of Autohome in a report on Wednesday, August 31st. upgraded Autohome from an “underperform” rating to a “buy” rating in a report on Wednesday, August 17th. Zacks Investment Research upgraded Autohome from a “sell” rating to a “hold” rating in a report on Tuesday, October 18th. Finally, JPMorgan Chase & Co. initiated coverage on Autohome in a report on Wednesday, August 31st. They set a “neutral” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Autohome currently has an average rating of “Hold” and an average target price of $29.25.
Hedge funds have recently made changes to their positions in the stock. Contrarius Investment Management Ltd increased its stake in shares of Autohome by 38.0% in the second quarter. Contrarius Investment Management Ltd now owns 1,056,704 shares of the company’s stock valued at $21,250,000 after buying an additional 290,776 shares during the period. Wesbanco Bank Inc. increased its stake in shares of Autohome by 43.4% in the second quarter. Wesbanco Bank Inc. now owns 15,275 shares of the company’s stock valued at $307,000 after buying an additional 4,620 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Autohome during the second quarter valued at about $4,269,000. Seven Eight Capital LLC purchased a new stake in shares of Autohome during the first quarter valued at about $569,000. Finally, GSA Capital Partners LLP increased its stake in shares of Autohome by 135.6% in the second quarter. GSA Capital Partners LLP now owns 44,823 shares of the company’s stock valued at $901,000 after buying an additional 25,800 shares during the period. 22.20% of the stock is currently owned by institutional investors.
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Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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