Group 1 Automotive, Inc. (GPI) Stake Raised by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 92.9% during the fourth quarter, Holdings Channel reports. The fund owned 41,473 shares of the company’s stock after buying an additional 19,975 shares during the period. Guggenheim Capital LLC owned about 0.20% of Group 1 Automotive worth $3,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elkfork Partners LLC bought a new stake in shares of Group 1 Automotive during the fourth quarter worth about $111,000. Russell Investments Group Ltd. bought a new stake in shares of Group 1 Automotive during the fourth quarter worth about $145,000. Suntrust Banks Inc. bought a new stake in shares of Group 1 Automotive during the third quarter worth about $217,000. Eqis Capital Management Inc. bought a new stake in shares of Group 1 Automotive during the third quarter worth about $220,000. Finally, SG Americas Securities LLC raised its stake in shares of Group 1 Automotive by 33.0% in the third quarter. SG Americas Securities LLC now owns 3,603 shares of the company’s stock worth $230,000 after buying an additional 893 shares in the last quarter. 98.55% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

Shares of Group 1 Automotive, Inc. (NYSE:GPI) opened at 71.95 on Friday. Group 1 Automotive, Inc. has a 52 week low of $47.31 and a 52 week high of $83.18. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 10.79 and a beta of 1.51. The stock’s 50 day moving average is $77.71 and its 200-day moving average is $71.73.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.08. Group 1 Automotive had a return on equity of 17.88% and a net margin of 1.31%. The firm earned $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the prior year, the company earned $1.51 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, analysts anticipate that Group 1 Automotive, Inc. will post $7.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were paid a $0.24 dividend. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Monday, February 27th. Group 1 Automotive’s dividend payout ratio is currently 13.77%.

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A number of analysts have recently issued reports on GPI shares. Zacks Investment Research lowered shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Susquehanna Bancshares Inc started coverage on shares of Group 1 Automotive in a research note on Wednesday, February 1st. They set a “neutral” rating and a $72.00 target price for the company. Finally, CL King lowered shares of Group 1 Automotive from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $70.75.

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.

5 Day Chart for NYSE:GPI

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).

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