Pillar Pacific Capital Management LLC Holds Stake in Sonic Automotive, Inc. (SAH)

Cornelia Mascio
Agosto 18, 2017

(NYSE:SAH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,337 shares of the company's stock, valued at approximately $221,000. It is positive, as 10 investors sold SAH shares while 44 reduced holdings. UBS Asset Management Americas Inc. acquired a new position in shares of Sonic Automotive during the first quarter worth about $243,000. Public Employees Retirement Association Of Colorado stated it has 0% in Sonic Automotive Inc (NYSE:SAH). Louisiana State Employees Retirement System has an ownership of 10,700 stocks of the firms shares valued $215,000 after scooping up an extra 100 shares through out the quarter. Nisa Investment Advisors LLC boosted its stake in Sonic Automotive by 3.8% in the first quarter. Arizona State Retirement System now owns 13,705 shares of the company's stock valued at $275,000 after buying an additional 200 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Sonic Automotive by 4.2% in the fourth quarter. Mason Street Advisors LLC now owns 6,146 shares of the company's stock worth $123,000 after buying an additional 405 shares during the period. Finally, Great West Life Assurance Co. Vanguard Group Inc. boosted its stake in shares of Sonic Automotive by 3.5% in the first quarter. Great West Life Assurance Co. Nisa Investment Advisors LLC now owns 27,200 shares of the company's stock worth $545,000 after buying an additional 1,000 shares during the last quarter.

Want to see what other hedge funds are holding SAH? The stock of Sonic Automotive Inc (NYSE:SAH) earned "Hold" rating by Jefferies on Monday, April 11. Barclays Public Ltd stated it has 0% in Sonic Automotive Inc (NYSE:SAH). The stock's market capitalization is 734.67M. Sonic Automotive, Inc. The company's 50-day moving average price is $18.44 and its 200-day moving average price is $19.81. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/17/sonic-automotive-inc-sah-releases-quarterly-earnings-results-misses-expectations-by-0-06-eps-updated-updated.html. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.06. Denali Advisors Ltd Liability has 0% invested in Sonic Automotive Inc (NYSE:SAH) for 168 shares. The company's revenue for the quarter was up 1.0% compared to the same quarter past year. During the same period a year ago, the company earned $0.50 EPS.

Among 6 analysts covering Sonic Automotive (NYSE:SAH), 1 have Buy rating, 1 Sell and 4 Hold.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th.

Among 15 analysts covering Sally Beauty Holdings (NYSE:SBH), 1 have Buy rating, 0 Sell and 14 Hold. The stock declined 1.36% or $0.27 reaching $19.57 per share. The ex-dividend date is Thurs, Sep 14th. this indicates a $0.20 annual dividend and a payout of of 1.18%.

Guggenheim Capital Llc increased Sonic Automotive Inc (SAH) stake by 124.65% reported in 2016Q4 SEC filing.

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A number of brokerages have issued reports on SAH. Jefferies Group LLC reissued a "hold" rating and set a $22.00 target price on shares of Sonic Automotive in a report on Wednesday, May 3rd. CL King downgraded the shares of SAH in report on Tuesday, January 10 to "Neutral" rating. Morgan Stanley decreased their target price on shares of Sonic Automotive from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Friday, June 9th. BidaskClub downgraded shares of Sonic Automotive from a "hold" rating to a "sell" rating in a report on Friday, July 28th. Finally, TheStreet cut shares of Sonic Automotive from a "b" rating to a "c+" rating in a research report on Tuesday, May 30th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Sonic Automotive has a average recommendation of "Hold" and an consensus price target of $21.75.

Autozone, Inc.is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company's operating divisions include Franchised Dealerships and EchoPark. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.

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