June 19, 2024

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Moon Capital Management LP Purchases 7,049 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Moon Capital Management LP Purchases 7,049 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Moon Capital Management LP grew its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI – Get Rating) by 107.8{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,590 shares of the company’s stock after purchasing an additional 7,049 shares during the period. Group 1 Automotive makes up 2.5{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of Moon Capital Management LP’s portfolio, making the stock its 8th biggest holding. Moon Capital Management LP owned 0.09{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of Group 1 Automotive worth $1,942,000 as of its most recent SEC filing.

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Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Group 1 Automotive by 81.3{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the third quarter. EverSource Wealth Advisors LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 109 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Group 1 Automotive by 181.7{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the third quarter. Quadrant Capital Group LLC now owns 262 shares of the company’s stock valued at $37,000 after buying an additional 169 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Group 1 Automotive by 316.2{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the third quarter. Ronald Blue Trust Inc. now owns 283 shares of the company’s stock valued at $49,000 after buying an additional 215 shares during the last quarter. National Bank of Canada FI raised its holdings in Group 1 Automotive by 19.1{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} during the 2nd quarter. National Bank of Canada FI now owns 418 shares of the company’s stock worth $71,000 after purchasing an additional 67 shares during the last quarter. Finally, Islay Capital Management LLC raised its holdings in Group 1 Automotive by 20.1{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} during the 2nd quarter. Islay Capital Management LLC now owns 1,069 shares of the company’s stock worth $182,000 after purchasing an additional 179 shares during the last quarter. Institutional investors own 97.71{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of the company’s stock.

Group 1 Automotive Stock Performance

GPI traded up $2.03 during trading on Friday, hitting $234.52. 41,438 shares of the company traded hands, compared to its average volume of 181,198. Group 1 Automotive, Inc. has a one year low of $136.16 and a one year high of $242.68. The firm has a market cap of $3.42 billion, a P/E ratio of 4.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.52. The company has a quick ratio of 0.31, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average is $197.02 and its 200 day moving average is $181.84.

Group 1 Automotive Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $1.80 annualized dividend and a yield of 0.77{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91}. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.39. Group 1 Automotive’s dividend payout ratio (DPR) is currently 3.32{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91}.

Insider Transactions at Group 1 Automotive

In other Group 1 Automotive news, Director Lincoln Pereira sold 27,100 shares of the business’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $208.19, for a total transaction of $5,641,949.00. Following the completion of the sale, the director now directly owns 117,367 shares in the company, valued at approximately $24,434,635.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Darryl M. Burman sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $205.50, for a total transaction of $513,750.00. Following the completion of the transaction, the vice president now directly owns 19,945 shares in the company, valued at approximately $4,098,697.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lincoln Pereira sold 27,100 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $208.19, for a total value of $5,641,949.00. Following the transaction, the director now owns 117,367 shares of the company’s stock, valued at $24,434,635.73. The disclosure for this sale can be found here. 3.80{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com upgraded Group 1 Automotive from a “hold” rating to a “buy” rating in a research report on Friday, February 3rd. Morgan Stanley lowered their price objective on Group 1 Automotive from $142.00 to $134.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 17th. Finally, Stephens increased their target price on Group 1 Automotive from $275.00 to $290.00 in a report on Thursday, January 26th.

Group 1 Automotive Company Profile

(Get Rating)

Group 1 Automotive, Inc engages in the automotive retailing industry. The firm operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts.

See Also

Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc. (NYSE:GPI – Get Rating).

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

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