Connor Clark & Lunn Investment Management Ltd. Sells 30,883 Shares of Autohome Inc. $ATHM

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Autohome Inc. (NYSE:ATHM) by 15.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,187 shares of the information services provider’s stock after selling 30,883 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Autohome were worth $4,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATHM. Signaturefd LLC increased its position in Autohome by 40.6% during the second quarter. Signaturefd LLC now owns 1,466 shares of the information services provider’s stock worth $38,000 after buying an additional 423 shares during the last quarter. Guinness Asset Management LTD increased its holdings in shares of Autohome by 147.3% during the 1st quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock worth $55,000 after acquiring an additional 1,178 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Autohome during the 1st quarter worth approximately $57,000. Parallel Advisors LLC raised its stake in Autohome by 42.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,212 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 659 shares during the period. Finally, Liontrust Investment Partners LLP acquired a new stake in Autohome during the 1st quarter valued at $129,000. 63.08% of the stock is owned by institutional investors.

Autohome Stock Performance

NYSE:ATHM opened at $24.81 on Friday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 14.60 and a beta of 0.09. Autohome Inc. has a fifty-two week low of $23.39 and a fifty-two week high of $32.70. The stock has a fifty day moving average price of $27.47 and a 200-day moving average price of $27.04.

Autohome Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, December 31st. Autohome’s dividend payout ratio is presently 104.12%.

Analyst Ratings Changes

ATHM has been the topic of several research analyst reports. Weiss Ratings lowered shares of Autohome from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $28.00 in a report on Wednesday, October 29th. Finally, Zacks Research lowered shares of Autohome from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Autohome presently has a consensus rating of “Reduce” and an average target price of $28.00.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.