Linden Thomas Advisory Services LLC Lowers Holdings in Group 1 Automotive, Inc. $GPI

Linden Thomas Advisory Services LLC lessened its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 30.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 555 shares of the company’s stock after selling 246 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Group 1 Automotive were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D increased its position in Group 1 Automotive by 3.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 4,415 shares of the company’s stock valued at $1,928,000 after acquiring an additional 135 shares during the last quarter. AlphaQuest LLC increased its position in Group 1 Automotive by 852.6% during the second quarter. AlphaQuest LLC now owns 4,687 shares of the company’s stock valued at $2,047,000 after acquiring an additional 4,195 shares during the last quarter. R Squared Ltd purchased a new stake in Group 1 Automotive during the second quarter valued at $343,000. Forum Financial Management LP increased its position in Group 1 Automotive by 26.6% during the second quarter. Forum Financial Management LP now owns 775 shares of the company’s stock valued at $338,000 after acquiring an additional 163 shares during the last quarter. Finally, Arista Wealth Management LLC purchased a new stake in Group 1 Automotive during the second quarter valued at $2,651,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GPI shares. Wall Street Zen cut Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Bank of America cut their price target on Group 1 Automotive from $560.00 to $545.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Zacks Research lowered Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Citigroup reissued a “buy” rating on shares of Group 1 Automotive in a report on Thursday, September 25th. Finally, Morgan Stanley boosted their price target on Group 1 Automotive from $470.00 to $485.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $478.00.

Group 1 Automotive Stock Performance

NYSE GPI opened at $419.38 on Tuesday. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. The company has a quick ratio of 0.24, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $451.07 and a 200-day moving average price of $436.51. Group 1 Automotive, Inc. has a twelve month low of $348.00 and a twelve month high of $490.09.

Group 1 Automotive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. Group 1 Automotive’s dividend payout ratio (DPR) is currently 5.51%.

Insiders Place Their Bets

In other Group 1 Automotive news, Director Lincoln Pereira sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $469.34, for a total transaction of $3,285,380.00. Following the completion of the transaction, the director owned 82,967 shares in the company, valued at $38,939,731.78. This trade represents a 7.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Group 1 Automotive Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.