MANA Advisors LLC Acquires New Position in Group 1 Automotive, Inc. (GPI)
MANA Advisors LLC acquired a new stake in Group 1 Automotive, Inc. (NYSE:GPI) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,007 shares of the company’s stock, valued at approximately $213,000.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Group 1 Automotive in the fourth quarter valued at approximately $119,000. Amalgamated Bank acquired a new position in shares of Group 1 Automotive in the fourth quarter valued at approximately $203,000. Trilogy Capital Inc. acquired a new position in shares of Group 1 Automotive in the fourth quarter valued at approximately $206,000. FCA Corp TX acquired a new position in shares of Group 1 Automotive in the third quarter valued at approximately $290,000. Finally, Parametrica Management Ltd increased its stake in shares of Group 1 Automotive by 45.0% in the fourth quarter. Parametrica Management Ltd now owns 5,236 shares of the company’s stock valued at $372,000 after buying an additional 1,624 shares during the period. 97.57% of the stock is owned by institutional investors.
A number of analysts have weighed in on the stock. Buckingham Research raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, January 5th. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research report on Wednesday, January 31st. Finally, Bank of America increased their target price on shares of Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.00.
Shares of Group 1 Automotive, Inc. (NYSE:GPI) opened at $74.73 on Wednesday. The firm has a market cap of $1,564.60, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 1.18 and a beta of 1.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.17. Group 1 Automotive, Inc. has a 52-week low of $51.62 and a 52-week high of $84.47.
Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, February 8th. The company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.85 billion. Group 1 Automotive had a net margin of 1.89% and a return on equity of 15.85%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS. equities research analysts forecast that Group 1 Automotive, Inc. will post 9.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.25. Group 1 Automotive’s dividend payout ratio is currently 10.28%.
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Group 1 Automotive Company Profile
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.
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