Fondren Management LP purchased a new position in Autoweb Inc (NASDAQ:AUTO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the information services provider’s stock, valued at approximately $1,802,000. Autoweb accounts for approximately 1.3% of Fondren Management LP’s portfolio, making the stock its 15th largest position. Fondren Management LP owned approximately 1.53% of Autoweb at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AUTO. Kokino LLC bought a new stake in Autoweb during the fourth quarter valued at $5,631,000. Signia Capital Management LLC bought a new stake in Autoweb during the fourth quarter valued at $4,622,000. Ariel Investments LLC bought a new stake in Autoweb during the fourth quarter valued at $3,665,000. Thomson Horstmann & Bryant Inc. bought a new stake in Autoweb during the fourth quarter valued at $2,792,000. Finally, Adirondack Research & Management Inc. bought a new stake in Autoweb during the fourth quarter valued at $2,745,000. 50.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Autoweb Inc (NASDAQ AUTO) opened at $3.74 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.99 and a current ratio of 2.99. Autoweb Inc has a 52 week low of $3.71 and a 52 week high of $14.30. The stock has a market capitalization of $51.80, a PE ratio of -0.73 and a beta of 1.08.
Several research firms recently issued reports on AUTO. ValuEngine raised Autoweb from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley lowered Autoweb from a “buy” rating to a “neutral” rating and set a $4.90 price objective for the company. in a research note on Friday, March 9th. Barrington Research reissued a “market perform” rating on shares of Autoweb in a research note on Friday, March 9th. Finally, Zacks Investment Research lowered Autoweb from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Autoweb presently has an average rating of “Buy” and an average target price of $7.45.
TRADEMARK VIOLATION NOTICE: “Fondren Management LP Takes Position in Autoweb Inc (AUTO)” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/03/14/fondren-management-lp-takes-position-in-autoweb-inc-auto.html.
Autoweb Company Profile
AutoWeb, Inc, formerly Autobytel Inc, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
Receive News & Ratings for Autoweb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoweb and related companies with MarketBeat.com's FREE daily email newsletter.