Venturi Wealth Management LLC Has $50,000 Stock Holdings in AutoNation, Inc. (NYSE:AN)

Venturi Wealth Management LLC boosted its position in shares of AutoNation, Inc. (NYSE:AN) by 403.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 282 shares of the company’s stock after purchasing an additional 226 shares during the quarter. Venturi Wealth Management LLC’s holdings in AutoNation were worth $50,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 96 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of AutoNation in the second quarter valued at approximately $37,000. Headlands Technologies LLC bought a new stake in shares of AutoNation during the first quarter worth $57,000. Quarry LP raised its holdings in shares of AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after acquiring an additional 339 shares during the period. Finally, Mather Group LLC. bought a new stake in AutoNation in the 2nd quarter valued at $103,000. Institutional investors own 94.62% of the company’s stock.

Analyst Upgrades and Downgrades

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

AutoNation Trading Down 1.3 %

AN opened at $164.80 on Friday. The company has a 50-day simple moving average of $166.85 and a 200 day simple moving average of $168.26. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 3.44 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. AutoNation, Inc. has a twelve month low of $129.32 and a twelve month high of $197.18.

Insider Activity at AutoNation

In other news, major shareholder Edward S. Lampert sold 39,194 shares of the firm’s stock in a transaction that occurred 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 sale, 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 document filed with the SEC, which is accessible through this hyperlink. 0.74% of the stock is currently owned by insiders.

AutoNation Company 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.