Economy

Lithia Motors, Inc. (NYSE:LAD) Closed 7.2% Above Its 50 Day Average

Flinton Capital Management LLC grew its position in Lithia Motors by 21.1% during the first quarter. Lithia Motors Inc now has $2.85B valuation. About 194,407 shares traded.

These funds have shifted positions in (LAD). It has outperformed by 0.18% the S&P500.

Shellback Capital Lp increased Eldorado Resorts Inc (ERI) stake by 8.42% reported in 2016Q4 SEC filing. The number of shares now owned by investors are 24.78 mln. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.96%. About 853,710 shares traded. Big Lots, Inc. (BIG) has risen 10.65% since September 15, 2016 and is uptrending. It has outperformed by 26.68% the S&P500. Short interest decreased from 3,120,791 to 2,959,967 over that timeframe. Teledyne Technologies Inc (NYSE:TDY) was reduced too. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Therefore 80% are positive. The same analysts see shares reaching $118.73 within the next year on a consensus basis.Let's take a look at how the stock has been performing recently. The firm has "Outperform" rating by Imperial Capital given on Monday, August 15. Jefferies has "Buy" rating and $11500 target. A 1 rating would signify a Strong Buy. Its down 0.50, from 1.58 in 2016Q3. It increased, as 29 investors sold Lithia Motors Inc shares while 55 reduced holdings. Parkside Fincl Bank Tru holds 355 shares. Montecito Bankshares And Trust holds 0.01% or 530 shares in its portfolio. Morgan Stanley invested in 99,430 shares or 0% of the stock. Bridgeway Inc reported 30,000 shares stake. Gemmer Asset Ltd Co holds 82 shares or 0% of its portfolio. Invsts accumulated 143,000 shares. State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 15,877 shares. Endicott Management invested in 7.13% or 1.64 million shares. Blackrock Invest Lc holds 193,408 shares or 0% of its portfolio. 85,100 were reported by Wall Street Associates. Perkins Invest Mngmt Ltd Liability Corp has 0.09% invested in Equity Residential (NYSE:EQR) for 106,074 shares.

Since May 2, 2017, it had 0 insider buys, and 6 insider sales for $3.00 million activity. Moreover, Nomura Asset Mgmt Company Limited has 0% invested in Lithia Motors Inc (NYSE:LAD) for 160 shares. Sidney B. Deboer, Director disclosed the sale of 7,090 shares. The insider Cain Susan O sold $214,291. The value of the investment in Lithia Motors, Inc. increased from $6,928,000 to $7,188,000 increasing 3.8% for the reporting period. Equities analysts anticipate that Lithia Motors, Inc. will post $8.30 EPS for the current year. LAD's profit will be $59.91M for 11.89 P/E if the $2.39 EPS becomes a reality. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.45 billion.

As of quarter end Lombardia Capital Partners LLC had disposed of 70,293 shares trimming its stake by 81.0%. It also upped Hain Celestial Group Inc (NASDAQ:HAIN) stake by 10,000 shares and now owns 100,000 shares.

03/27/2015 - Lithia Motors, Inc. had its "buy" rating reiterated by analysts at Zacks. Therefore 67% are positive. Lithia Motors's dividend payout ratio is now 13.01%. The firm has "Buy" rating by Jefferies given on Friday, September 8.

09/09/2015 - Evercore ISI began new coverage on Lithia Motors, Inc. giving the company a "hold" rating.

On June 14, 2017 Seaport Global started covering LAD with an initial rating of "Neutral". The stock of Lithia Motors Inc (NYSE:LAD) has "Buy" rating given on Tuesday, September 5 by KeyBanc Capital Markets. The company was downgraded on Friday, June 16 by Bank of America. The ex-dividend date of this dividend was Wednesday, August 9th. The stock has "Overweight" rating by KeyBanc Capital Markets on Wednesday, November 16. Moreover, Arizona State Retirement System has 0.02% invested in Lithia Motors Inc (NYSE:LAD). RBC Capital Markets has "Sector Perform" rating and $74 target.

Investors sentiment decreased to 1.19 in 2016 Q4. Its up 0.45, from 0.88 in 2016Q3.

Other hedge funds have also recently added to or reduced their stakes in the company. Howe Rusling, a New York-based fund reported 54 shares. Voya Inv Management Ltd has 9,540 shares. Contravisory Investment Management Incorporated invested in 0.02% or 590 shares.

Short traders are feeling a little more bullish on Lithia Motors, Inc. of late as inferred by the change in short interest. 196,239 are owned by Fmr Limited Com. Brown Advisory Inc invested in 0% or 4,237 shares. The shares were sold at an average price of $96.63, for a total value of $1,700,688.00.

02/27/2015 - Lithia Motors, Inc. had its "buy" rating reiterated by analysts at Craig-Hallum. The Illinois-based Citadel Ltd Liability Company has invested 0.02% in Lithia Motors Inc (NYSE:LAD). Lithia Motors, Inc. has a 52-week low of 75.85 and a 52-week high of 112.89. Hudson Bay Mgmt LP has invested 0.09% of its portfolio in Lithia Motors Inc (NYSE:LAD).



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