Trilogy Capital Inc. acquired a new stake in Group 1 Automotive, Inc. (NYSE:GPI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,904 shares of the company’s stock, valued at approximately $206,000.
Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Group 1 Automotive during the 4th quarter worth approximately $119,000. Quantitative Systematic Strategies LLC acquired a new position in Group 1 Automotive during the 3rd quarter worth approximately $215,000. Eqis Capital Management Inc. acquired a new position in Group 1 Automotive during the 3rd quarter worth approximately $232,000. Parametrica Management Ltd acquired a new position in Group 1 Automotive during the 3rd quarter worth approximately $262,000. Finally, FCA Corp TX acquired a new position in Group 1 Automotive during the 3rd quarter worth approximately $290,000. 97.57% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the company. Bank of America upped their price target on Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. Buckingham Research downgraded Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price target on the stock. in a research note on Monday, November 13th. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Wells Fargo & Co upped their price target on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $86.00.
In other news, CEO Earl J. Hesterberg sold 2,000 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $72.38, for a total value of $144,760.00. Following the completion of the sale, the chief executive officer now directly owns 139,065 shares of the company’s stock, valued at $10,065,524.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John C. Rickel sold 10,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $81.00, for a total value of $810,000.00. Following the completion of the sale, the chief financial officer now directly owns 123,470 shares of the company’s stock, valued at $10,001,070. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,398 shares of company stock valued at $12,974,458. Company insiders own 6.08% of the company’s stock.
Shares of Group 1 Automotive, Inc. (NYSE GPI) opened at $77.83 on Tuesday. The company has a market capitalization of $1,608.86, a P/E ratio of 7.69, a PEG ratio of 1.34 and a beta of 1.70. Group 1 Automotive, Inc. has a 52 week low of $51.62 and a 52 week high of $84.47. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 0.79.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.87 by $0.24. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.85 billion. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share. equities research analysts predict that Group 1 Automotive, Inc. will post 8.21 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/13/trilogy-capital-inc-takes-206000-position-in-group-1-automotive-inc-gpi.html.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc. (NYSE:GPI).
Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.