Laurion Capital Management LP reduced its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 36.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,600 shares of the company’s stock after selling 17,203 shares during the period. Laurion Capital Management LP owned about 0.15% of Group 1 Automotive worth $1,937,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Group 1 Automotive by 47,561.6% during the 1st quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock valued at $188,015,000 after acquiring an additional 2,532,654 shares during the period. Vanguard Group Inc. grew its position in shares of Group 1 Automotive by 25.5% during the 1st quarter. Vanguard Group Inc. now owns 2,153,519 shares of the company’s stock valued at $159,532,000 after acquiring an additional 437,387 shares during the period. LSV Asset Management grew its position in shares of Group 1 Automotive by 1.2% during the 2nd quarter. LSV Asset Management now owns 652,444 shares of the company’s stock valued at $41,312,000 after acquiring an additional 7,600 shares during the period. State Street Corp grew its position in shares of Group 1 Automotive by 7.8% during the 1st quarter. State Street Corp now owns 597,728 shares of the company’s stock valued at $44,272,000 after acquiring an additional 43,264 shares during the period. Finally, OppenheimerFunds Inc. grew its position in shares of Group 1 Automotive by 5.6% during the 1st quarter. OppenheimerFunds Inc. now owns 536,678 shares of the company’s stock valued at $39,758,000 after acquiring an additional 28,319 shares during the period. 97.67% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Group 1 Automotive from a “strong sell” rating to a “hold” rating in a research report on Friday, June 30th. Wells Fargo & Company reissued a “market perform” rating and set a $66.00 target price (down from $75.00) on shares of Group 1 Automotive in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) raised shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and increased their target price for the company from $56.00 to $67.00 in a research report on Thursday, September 7th. Finally, ValuEngine downgraded shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Group 1 Automotive currently has a consensus rating of “Hold” and a consensus price target of $70.50.

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Group 1 Automotive, Inc. (NYSE GPI) opened at 66.17 on Thursday. The company has a 50-day moving average of $59.18 and a 200 day moving average of $64.20. Group 1 Automotive, Inc. has a 12-month low of $51.62 and a 12-month high of $83.18. The company has a market capitalization of $1.33 billion, a P/E ratio of 10.17 and a beta of 1.61.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.99 by ($0.12). Group 1 Automotive had a net margin of 1.26% and a return on equity of 15.73%. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $2.16 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts forecast that Group 1 Automotive, Inc. will post $7.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.45%. Group 1 Automotive’s dividend payout ratio is currently 14.75%.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

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

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