Jackson Creek Investment Advisors LLC Acquires 17,839 Shares of Sonic Automotive, Inc. $SAH

Jackson Creek Investment Advisors LLC grew its holdings in shares of Sonic Automotive, Inc. (NYSE:SAH) by 311.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,571 shares of the company’s stock after purchasing an additional 17,839 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Sonic Automotive were worth $1,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in shares of Sonic Automotive during the 2nd quarter worth $2,202,000. CWA Asset Management Group LLC bought a new stake in Sonic Automotive during the third quarter worth about $2,006,000. Bryce Point Capital LLC acquired a new stake in Sonic Automotive during the second quarter worth about $793,000. Brandywine Global Investment Management LLC increased its holdings in Sonic Automotive by 30.3% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 94,468 shares of the company’s stock valued at $7,551,000 after buying an additional 21,960 shares during the period. Finally, XTX Topco Ltd raised its position in shares of Sonic Automotive by 45.1% in the 2nd quarter. XTX Topco Ltd now owns 13,912 shares of the company’s stock valued at $1,112,000 after buying an additional 4,327 shares in the last quarter. 46.92% of the stock is currently owned by institutional investors and hedge funds.

Sonic Automotive Stock Up 0.7%

Shares of SAH opened at $60.37 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.27 and a current ratio of 1.02. Sonic Automotive, Inc. has a 52 week low of $52.00 and a 52 week high of $89.62. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 16.32 and a beta of 0.93. The stock has a fifty day moving average of $63.36 and a 200-day moving average of $70.13.

Analysts Set New Price Targets

Several analysts recently issued reports on SAH shares. Zacks Research upgraded shares of Sonic Automotive from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sonic Automotive in a report on Monday, December 29th. Barclays lowered their price target on Sonic Automotive from $71.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Needham & Company LLC dropped their price objective on Sonic Automotive from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Finally, Citigroup upgraded Sonic Automotive from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $79.63.

Sonic Automotive Profile

Sonic Automotive, Inc is a publicly traded automotive retailer that operates a network of franchised new-car dealerships and used-vehicle dealerships across the United States. Headquartered in Charlotte, North Carolina, the company offers a range of services that include vehicle sales, leasing, finance and insurance products, service and parts, and collision repair. Sonic Automotive’s dealerships represent numerous major automotive brands, and the company also markets a broad selection of pre-owned vehicles under its own banner.

In addition to its core dealership operations, Sonic Automotive has developed digital retail capabilities that allow customers to research, shop and complete transactions online.