The Mason Street Advisors LLC Takes Position in Group 1 Automotive Inc. (GPI)

The Mason Street Advisors LLC Takes Position in Group 1 Automotive Inc. (GPI)

Mason Street Advisors LLC purchased a new position in Group 1 Automotive Inc. (NYSE:GPI) during the second quarter, Holdings Channel reports. The institutional investor purchased 4,100 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GPI. Acrospire Investment Management LLC boosted its position in shares of Group 1 Automotive by 1,050.0% in the second quarter. Acrospire Investment Management LLC now owns 2,300 shares of the company’s stock valued at $114,000 after buying an additional 2,100 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Group 1 Automotive during the second quarter valued at about $122,000. Societe Generale acquired a new position in shares of Group 1 Automotive during the second quarter valued at about $134,000. SG Americas Securities LLC acquired a new position in shares of Group 1 Automotive during the second quarter valued at about $134,000. Finally, BlackRock Inc. boosted its position in shares of Group 1 Automotive by 77.2% in the first quarter. BlackRock Inc. now owns 2,522 shares of the company’s stock valued at $148,000 after buying an additional 1,099 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Shares of Group 1 Automotive Inc. (NYSE:GPI) opened at 64.83 on Thursday. The firm has a market cap of $1.34 billion, a P/E ratio of 16.29 and a beta of 1.58. The firm’s 50-day moving average price is $61.33 and its 200 day moving average price is $59.10. Group 1 Automotive Inc. has a one year low of $47.31 and a one year high of $89.64.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, July 28th. The company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.07. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.86 billion. Group 1 Automotive had a return on equity of 17.97% and a net margin of 0.82%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.98 earnings per share. Analysts predict that Group 1 Automotive Inc. will post $7.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.42%. Group 1 Automotive’s dividend payout ratio is currently 22.66%.

GPI has been the subject of several recent analyst reports. Zacks Investment Research downgraded Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Seaport Global Securities initiated coverage on Group 1 Automotive in a report on Tuesday, August 9th. They issued a “neutral” rating for the company. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $61.00 price objective (down previously from $64.00) on shares of Group 1 Automotive in a report on Saturday, October 8th. TheStreet raised Group 1 Automotive from a “hold” rating to a “buy” rating in a report on Thursday, September 15th. Finally, Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.00.

In other news, VP Darryl M. Burman sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $58.90, for a total transaction of $117,800.00. Following the transaction, the vice president now owns 72,633 shares of the company’s stock, valued at $4,278,083.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Peter C. Delongchamps sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $61.22, for a total value of $459,150.00. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

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.

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