Turner Investments LLC Invests $301000 in Lithia Motors, Inc. (NYSE:LAD)

Cornelia Mascio
Dicembre 7, 2017

Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.9, indicating analysts in general look favorably on the company's future prospects. It worsened, as 32 investors sold LAD shares while 56 reduced holdings.

Among 10 analysts covering Lithia Motors (NYSE:LAD), 6 have Buy rating, 1 Sell and 3 Hold. (NYSE:LAD) for 740 shares. 31,237 were reported by Eaton Vance. Public Employees Retirement System of OH boosted its position in Lithia Motors by 10.0% in the first quarter. (NYSE:LAD) or 28,500 shares. Stifel Corporation invested 0% in Lithia Motors, Inc.

According to Zacks brokerage recommendations, Lithia Motors, Inc. (NYSE:LAD) for 769 shares. The institutional investor purchased 2,500 shares of the company's stock, valued at approximately $301,000.

NYSE:LAD) was down -1.98% (-$2.42) to $119.86 and showed a volume of 0.26 mln shares. Park West Asset Management LLC boosted its stake in shares of Lithia Motors by 30.2% in the first quarter. Following the completion of the transaction, the director now owns 1,421 shares in the company, valued at approximately $173,035.17. The Pennsylvania-based Brandywine Invest Mgmt Ltd Liability has invested 0.05% in Lithia Motors, Inc. Sg Americas Ltd Liability holds 7,034 shares or 0.01% of its portfolio. (NYSE:LAD) for 7,034 shares. Victory Capital Management Inc. now owns 955,783 shares of the company's stock valued at $90,063,000 after acquiring an additional 556,684 shares during the last quarter. Punch & Assoc Management has invested 0.85% in Lithia Motors, Inc. (NYSE:LAD). Cornerstone Advisors reported 263 shares stake.

Since June 7, 2017, it had 0 buys, and 3 insider sales for $1.63 million activity.

In related news, Director Kenneth E. Roberts sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 26th.

Peter S. Park increased its stake in Lithia Mtrs Inc (LAD) by 27.04% based on its latest 2017Q2 regulatory filing with the SEC. The hedge fund run by Peter S. Park held 1.05M shares of the consumer durables company at the end of 2017Q2, valued at $99.14 million, up from 828,214 at the end of the previous reported quarter. (NYSE LAD) traded down $0.25 during trading on Wednesday, hitting $119.61. About 207,902 shares traded. Lithia Motors, Inc. has a 12 month low of $80.88 and a 12 month high of $123.50. It has outperformed by 0.18% the S&P500.

Park West Asset Management Llc, which manages about $1.77B and $1.81 billion US Long portfolio, decreased its stake in Ellie Mae Inc (NYSE:ELLI) by 215,623 shares to 716,245 shares, valued at $78.72M in 2017Q2, according to the filing. It also reduced its holding in Cf Corp by 834,998 shares in the quarter, leaving it with 2 shares, and cut its stake in Shoretel Inc (NASDAQ:SHOR). Lithia Motors, Inc. has a twelve month low of $80.88 and a twelve month high of $123.50. (NYSE:LAD) were released by: Fool.com and their article: "Lithia Motors Jumps 9% on Preliminary Q2 Data". (NYSE:LAD) were released by: Seekingalpha.com and their article: "Lithia Motors' (LAD) CEO Bryan DeBoer on Q3 2017 Results - Earnings Call ..." published on October 25, 2017 as well as Nasdaq.com's news article titled: "Lithia Motors, Inc. (LAD) Ex-Dividend Date Scheduled for August 09, 2017" published on August 08, 2017, Seekingalpha.com published: "Lithia Motors (LAD) Q2 2017 Results - Earnings Call Transcript" on July 28, 2017.

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. Therefore 60% are positive. The firm earned "Neutral" rating on Wednesday, June 14 by Seaport Global. The company has a market capitalization of $3,051.86, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. Jefferies initiated the shares of LAD in report on Monday, April 11 with "Buy" rating. The stock has "Neutral" rating by Susquehanna on Thursday, February 2. Lithia Motors's revenue for the quarter was up 18.7% on a year-over-year basis. analysts expect that Lithia Motors, Inc. will post 8.33 earnings per share for the current fiscal year. The company was initiated on Wednesday, August 31 by Wolfe Research. Teachers Advisors LLC lifted its holdings in shares of Lithia Motors by 4.5% in the first quarter. (NYSE:LAD). Pitcairn has 2,239 shares. The company was maintained on Friday, September 8 by Jefferies. As per Wednesday, October 11, the company rating was maintained by Jefferies. KeyBanc Capital Markets maintained the shares of LAD in report on Monday, November 13 with "Buy" rating. The firm has "Underperform" rating by Bank of America given on Friday, June 16. The company was reinitiated on Wednesday, November 16 by KeyBanc Capital Markets.

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