Gotham Asset Management LLC Has $364,000 Stock Position in Group 1 Automotive, Inc. (NYSE:GPI)

Gotham Asset Management LLC cut its holdings in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 67.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 863 shares of the company's stock after selling 1,798 shares during the quarter. Gotham Asset Management LLC's holdings in Group 1 Automotive were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GPI. Full Sail Capital LLC bought a new position in shares of Group 1 Automotive during the fourth quarter worth $211,000. Deutsche Bank AG boosted its position in shares of Group 1 Automotive by 91.6% during the fourth quarter. Deutsche Bank AG now owns 33,869 shares of the company's stock worth $14,275,000 after purchasing an additional 16,191 shares in the last quarter. Crestline Management LP bought a new position in shares of Group 1 Automotive during the fourth quarter worth $543,000. Brevan Howard Capital Management LP bought a new position in shares of Group 1 Automotive during the fourth quarter worth $421,000. Finally, Captrust Financial Advisors boosted its position in shares of Group 1 Automotive by 4.2% during the fourth quarter. Captrust Financial Advisors now owns 571 shares of the company's stock worth $241,000 after purchasing an additional 23 shares in the last quarter. 99.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GPI. Stephens reissued an "equal weight" rating and set a $460.00 price target on shares of Group 1 Automotive in a research report on Thursday, January 30th. Guggenheim lowered shares of Group 1 Automotive from a "buy" rating to a "neutral" rating in a report on Wednesday, May 14th. Citigroup raised their price objective on shares of Group 1 Automotive from $463.00 to $495.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and an average price target of $454.43.

Insider Buying and Selling at Group 1 Automotive

In other news, VP Michael David Jones sold 1,613 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $405.57, for a total transaction of $654,184.41. Following the transaction, the vice president now directly owns 8,260 shares in the company, valued at $3,350,008.20. The trade was a 16.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% of the company's stock.

Group 1 Automotive Stock Up 0.0%

GPI stock traded up $0.17 during midday trading on Friday, hitting $426.73. The company's stock had a trading volume of 98,252 shares, compared to its average volume of 143,652. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.03 and a quick ratio of 0.24. Group 1 Automotive, Inc. has a twelve month low of $279.86 and a twelve month high of $490.09. The company's fifty day moving average price is $407.89 and its 200 day moving average price is $425.37. The stock has a market capitalization of $5.52 billion, a P/E ratio of 11.61 and a beta of 0.94.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $10.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.68 by $0.49. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same period in the previous year, the business earned $9.49 EPS. The company's revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts predict that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.00 annualized dividend and a yield of 0.47%. Group 1 Automotive's payout ratio is currently 5.61%.

About Group 1 Automotive

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.