2 weeks Ago By ABMN Staff
Renaissance Technologies LLC lessened its position in Sonic Automotive, Inc. ( NYSE:SAH – Free Report ) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 73,400 shares of the company’s stock after selling 13,100 shares during the quarter. Renaissance Technologies LLC owned 0.21% of Sonic Automotive worth $4,650,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Pacific Global Investment Management Co. boosted its position in Sonic Automotive by 4.
1% in the 4th quarter. Pacific Global Investment Management Co. now owns 4,554 shares of the company’s stock valued at $288,000 after buying an additional 179 shares during the period.
New York State Teachers Retirement System lifted its holdings in shares of Sonic Automotive by 0.8% in the 4th quarter. New York State Teachers Retirement System now owns 25,935 shares of the company’s stock worth $1,643,000 after buying an additional 212 shares during the period.
American Century Companies Inc. increased its stake in shares of Sonic Automotive by 1.9% during the fourth quarter.
American Century Companies Inc. now owns 20,596 shares of the company’s stock valued at $1,305,000 after buying an additional 390 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Sonic Automotive by 515.
4% in the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the company’s stock valued at $30,000 after acquiring an additional 402 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Sonic Automotive by 2.
0% during the 4th quarter. Swiss National Bank now owns 30,500 shares of the company’s stock worth $1,932,000 after acquiring an additional 600 shares in the last quarter. 46.
92% of the stock is currently owned by institutional investors. Sonic Automotive Price Performance NYSE SAH opened at $58.13 on Tuesday.
The stock’s fifty day moving average price is $63.08 and its 200 day moving average price is $64.16.
Sonic Automotive, Inc. has a 1 year low of $48.61 and a 1 year high of $76.
78. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.
09 and a quick ratio of 0.35. The company has a market cap of $1.
96 billion, a price-to-earnings ratio of 9.41 and a beta of 1.43.
Sonic Automotive Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a $0.35 dividend.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.
41%. Sonic Automotive’s payout ratio is 22.65%.
Wall Street Analyst Weigh In A number of equities analysts recently commented on the stock. StockNews.com raised shares of Sonic Automotive from a “hold” rating to a “buy” rating in a research note on Monday.
Needham & Company LLC dropped their price objective on Sonic Automotive from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th.
Stephens raised their price target on shares of Sonic Automotive from $83.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, February 13th.
Finally, JPMorgan Chase & Co. decreased their target price on shares of Sonic Automotive from $80.00 to $65.
00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $74.
80. Check Out Our Latest Stock Analysis on SAH About Sonic Automotive ( Free Report ) Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports.
The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. Recommended Stories Receive News & Ratings for Sonic Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonic Automotive and related companies with MarketBeat.com's FREE daily email newsletter .
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