IndexIQ Advisors LLC lessened its stake in shares of Lithia Motors Inc (NYSE:LAD) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,902 shares of the company’s stock after selling 1,713 shares during the quarter. IndexIQ Advisors LLC owned about 0.09% of Lithia Motors worth $1,595,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridge City Capital LLC boosted its stake in Lithia Motors by 12.1% during the 4th quarter. Bridge City Capital LLC now owns 24,448 shares of the company’s stock valued at $1,866,000 after purchasing an additional 2,633 shares during the period. US Bancorp DE boosted its stake in Lithia Motors by 27.7% during the 3rd quarter. US Bancorp DE now owns 3,367 shares of the company’s stock valued at $275,000 after purchasing an additional 730 shares during the period. Scopus Asset Management L.P. bought a new stake in Lithia Motors during the 3rd quarter valued at approximately $1,340,000. James Investment Research Inc. bought a new stake in Lithia Motors during the 4th quarter valued at approximately $1,122,000. Finally, Standard Life Aberdeen plc boosted its stake in Lithia Motors by 8.8% during the 3rd quarter. Standard Life Aberdeen plc now owns 470,204 shares of the company’s stock valued at $38,399,000 after purchasing an additional 38,106 shares during the period.
Lithia Motors stock opened at $84.10 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 1.20 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.74 and a beta of 1.24. Lithia Motors Inc has a 12 month low of $67.90 and a 12 month high of $119.27.
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Lithia Motors Profile
Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.
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