Quantitative Systematic Strategies LLC Grows Stock Position in Group 1 Automotive, Inc. (NYSE:GPI)

Quantitative Systematic Strategies LLC lifted its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 24.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,139 shares of the company’s stock after buying an additional 1,800 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Group 1 Automotive were worth $748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in shares of Group 1 Automotive by 2.0% in the second quarter. State of Alaska Department of Revenue now owns 5,987 shares of the company’s stock worth $490,000 after buying an additional 118 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Group 1 Automotive by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,055 shares of the company’s stock valued at $456,000 after purchasing an additional 127 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Group 1 Automotive by 2.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,721 shares of the company’s stock valued at $714,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System increased its holdings in Group 1 Automotive by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 27,289 shares of the company’s stock valued at $2,235,000 after purchasing an additional 412 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Group 1 Automotive by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 55,600 shares of the company’s stock valued at $2,931,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 99.96% of the company’s stock.

Group 1 Automotive stock traded down $1.12 during trading hours on Wednesday, hitting $81.43. 5,882 shares of the stock traded hands, compared to its average volume of 201,882. The business’s 50-day moving average price is $81.96. The company has a current ratio of 1.01, a quick ratio of 0.24 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $1.51 billion, a P/E ratio of 9.15, a PEG ratio of 1.59 and a beta of 1.76. Group 1 Automotive, Inc. has a one year low of $48.69 and a one year high of $89.85.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.09. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Group 1 Automotive had a return on equity of 15.90% and a net margin of 1.31%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 EPS. On average, equities research analysts predict that Group 1 Automotive, Inc. will post 10.21 earnings per share for the current year.

In other news, VP Peter C. Delongchamps sold 10,200 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.00, for a total value of $887,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daryl Kenningham sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.05, for a total value of $783,450.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,200 shares of company stock worth $2,063,100. Insiders own 6.00% of the company’s stock.

A number of brokerages recently issued reports on GPI. Morgan Stanley boosted their price target on Group 1 Automotive from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Buckingham Research downgraded Group 1 Automotive from a “buy” rating to a “neutral” rating and boosted their price target for the company from $72.00 to $83.00 in a report on Friday, April 26th. Finally, Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Group 1 Automotive currently has a consensus rating of “Buy” and a consensus price target of $83.80.

Group 1 Automotive Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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

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