Mason Street Advisors LLC acquired a new stake in Lithia Motors Inc. (NYSE:LAD) during the second quarter, Holdings Channel reports. The firm acquired 4,658 shares of the company’s stock, valued at approximately $331,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC raised its position in Lithia Motors by 5.7% in the first quarter. Aperio Group LLC now owns 9,014 shares of the company’s stock valued at $787,000 after buying an additional 483 shares during the period. Nisa Investment Advisors L.L.C. bought a new position in shares of Lithia Motors during the first quarter worth about $489,000. Teachers Advisors Inc. raised its position in shares of Lithia Motors by 6.8% in the first quarter. Teachers Advisors Inc. now owns 34,756 shares of the company’s stock worth $3,035,000 after buying an additional 2,220 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Lithia Motors by 0.5% in the first quarter. Prudential Financial Inc. now owns 91,861 shares of the company’s stock worth $8,022,000 after buying an additional 500 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Lithia Motors by 124.5% in the first quarter. BlackRock Inc. now owns 1,542 shares of the company’s stock worth $135,000 after buying an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 92.94% of the company’s stock.
Lithia Motors Inc. (NYSE:LAD) opened at 94.72 on Friday. Lithia Motors Inc. has a 52 week low of $68.70 and a 52 week high of $126.56. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 13.54 and a beta of 1.97. The firm’s 50-day moving average is $88.15 and its 200-day moving average is $82.87.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. Lithia Motors had a net margin of 2.23% and a return on equity of 23.42%. The business earned $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Lithia Motors Inc. will post $7.65 earnings per share for the current year.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday. Wolfe Research assumed coverage on shares of Lithia Motors in a research note on Wednesday, August 31st. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $110.50.
In other news, Director Sidney B. Deboer sold 17,600 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $95.00, for a total value of $1,672,000.00. Following the completion of the transaction, the director now owns 138,077 shares of the company’s stock, valued at $13,117,315. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.41% of the stock is currently owned by insiders.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.
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