GSA Capital Partners LLP boosted its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 123.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,814 shares of the company’s stock after buying an additional 12,061 shares during the quarter. GSA Capital Partners LLP owned approximately 0.11% of Group 1 Automotive worth $1,416,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in GPI. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Group 1 Automotive during the 3rd quarter valued at $109,000. BlueMountain Capital Management LLC bought a new position in shares of Group 1 Automotive during the 2nd quarter valued at $119,000. Tower Research Capital LLC TRC bought a new position in shares of Group 1 Automotive during the 2nd quarter valued at $135,000. Balter Liquid Alternatives LLC bought a new position in shares of Group 1 Automotive during the 2nd quarter valued at $145,000. Finally, Flinton Capital Management LLC raised its holdings in shares of Group 1 Automotive by 74.4% during the 2nd quarter. Flinton Capital Management LLC now owns 2,400 shares of the company’s stock valued at $151,000 after purchasing an additional 1,024 shares in the last quarter.
A number of research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Group 1 Automotive from $59.00 to $64.00 and gave the company a “sell” rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Tuesday, September 11th. ValuEngine downgraded shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Buckingham Research upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Monday, October 29th. They noted that the move was a valuation call. Finally, TheStreet downgraded shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $78.60.
Group 1 Automotive stock opened at $52.48 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 3.66 and a beta of 2.05. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 1.14. Group 1 Automotive, Inc. has a 1-year low of $51.90 and a 1-year high of $83.97.
Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, October 25th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.39 by $0.08. The firm had revenue of $2.89 billion for the quarter. Group 1 Automotive had a net margin of 2.05% and a return on equity of 15.48%. On average, research analysts expect that Group 1 Automotive, Inc. will post 8.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.04 annualized dividend and a yield of 1.98%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 13.45%.
Group 1 Automotive declared that its Board of Directors has approved a stock repurchase program on Thursday, October 25th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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About Group 1 Automotive
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
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