Automotive

Sonic Automotive, Inc. (NYSE:SAH) Shares Bought by State of Tennessee Treasury Division

State of Tennessee Treasury Division elevated its place in shares of Sonic Automotive, Inc. (NYSE:SAHGet Score) by 138.2% within the first quarter, in line with its most up-to-date Kind 13F submitting with the Securities & Alternate Fee. The agency owned 15,967 shares of the corporate’s inventory after buying an extra 9,264 shares throughout the quarter. State of Tennessee Treasury Division’s holdings in Sonic Automotive have been value $679,000 as of its most up-to-date SEC submitting.

Plenty of different institutional buyers and hedge funds have additionally lately modified their holdings of the corporate. Westwood Holdings Group Inc. lifted its holdings in shares of Sonic Automotive by 46.4% throughout the fourth quarter. Westwood Holdings Group Inc. now owns 1,649,404 shares of the corporate’s inventory value $81,563,000 after buying an extra 522,895 shares throughout the interval. Charles Schwab Funding Administration Inc. lifted its holdings in shares of Sonic Automotive by 4.5% throughout the fourth quarter. Charles Schwab Funding Administration Inc. now owns 378,893 shares of the corporate’s inventory value $18,737,000 after buying an extra 16,267 shares throughout the interval. JPMorgan Chase & Co. lifted its holdings in shares of Sonic Automotive by 23.1% throughout the fourth quarter. JPMorgan Chase & Co. now owns 299,947 shares of the corporate’s inventory value $14,833,000 after buying an extra 56,189 shares throughout the interval. Clearline Capital LP lifted its holdings in shares of Sonic Automotive by 96.5% throughout the fourth quarter. Clearline Capital LP now owns 291,165 shares of the corporate’s inventory value $14,398,000 after buying an extra 143,000 shares throughout the interval. Lastly, Callodine Capital Administration LP lifted its holdings in shares of Sonic Automotive by 17.9% throughout the fourth quarter. Callodine Capital Administration LP now owns 230,000 shares of the corporate’s inventory value $11,374,000 after buying an extra 35,000 shares throughout the interval. Institutional buyers and hedge funds personal 57.10% of the corporate’s inventory.

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Sonic Automotive Inventory Down 1.4 %

Sonic Automotive inventory opened at $51.68 on Friday. The inventory has a market capitalization of $2.03 billion, a PE ratio of 5.97 and a beta of two.05. Sonic Automotive, Inc. has a 12 month low of $34.17 and a 12 month excessive of $59.19. The enterprise has a 50 day easy transferring common of $43.92 and a 200-day easy transferring common of $44.99. The corporate has a debt-to-equity ratio of 1.39, a present ratio of 1.10 and a fast ratio of 0.44.

Need Extra Nice Investing Concepts?

Sonic Automotive (NYSE:SAHGet Score) final posted its quarterly earnings information on Thursday, July twenty eighth. The corporate reported $2.45 EPS for the quarter, lacking analysts’ consensus estimates of $2.55 by ($0.10). The enterprise had income of $3.65 billion throughout the quarter, in comparison with analysts’ expectations of $3.90 billion. Sonic Automotive had a internet margin of two.76% and a return on fairness of 36.00%. The agency’s quarterly income was up 8.9% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the agency earned $2.63 earnings per share. On common, analysts anticipate that Sonic Automotive, Inc. will submit 9.94 EPS for the present fiscal 12 months.

Sonic Automotive Pronounces Dividend

The agency additionally lately disclosed a quarterly dividend, which might be paid on Friday, October 14th. Stockholders of file on Thursday, September fifteenth might be given a $0.25 dividend. This represents a $1.00 dividend on an annualized foundation and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, September 14th. Sonic Automotive’s dividend payout ratio (DPR) is presently 11.27%.

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Analyst Scores Modifications

A number of analysis analysts lately weighed in on SAH shares. Morgan Stanley lifted their worth goal on Sonic Automotive from $33.00 to $35.00 and gave the corporate an “underweight” score in a analysis report on Thursday. JPMorgan Chase & Co. decreased their worth goal on Sonic Automotive from $51.00 to $47.00 in a analysis report on Friday, July fifteenth. Benchmark decreased their worth goal on Sonic Automotive to $71.00 in a analysis report on Tuesday, August ninth. Lastly, StockNews.com lower Sonic Automotive from a “purchase” score to a “maintain” score in a analysis report on Friday, July fifteenth. One analyst has rated the inventory with a promote score, three have issued a maintain score and one has assigned a purchase score to the corporate’s inventory. In response to MarketBeat.com, the corporate has a consensus score of “Maintain” and a consensus worth goal of $51.00.

Insider Exercise

In different information, CFO Heath Byrd offered 93,714 shares of the enterprise’s inventory in a transaction that occurred on Monday, August 1st. The inventory was offered at a mean worth of $41.27, for a complete worth of $3,867,576.78. Following the completion of the sale, the chief monetary officer now instantly owns 146,600 shares within the firm, valued at $6,050,182. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which could be accessed by way of this hyperlink. In different information, CEO David Bruton Smith offered 54,670 shares of Sonic Automotive inventory in a transaction that occurred on Thursday, August twenty fifth. The inventory was offered at a mean worth of $55.60, for a complete worth of $3,039,652.00. Following the sale, the chief govt officer now instantly owns 467,856 shares of the corporate’s inventory, valued at $26,012,793.60. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. Additionally, CFO Heath Byrd offered 93,714 shares of Sonic Automotive inventory in a transaction that occurred on Monday, August 1st. The inventory was offered at a mean worth of $41.27, for a complete worth of $3,867,576.78. Following the completion of the sale, the chief monetary officer now instantly owns 146,600 shares within the firm, valued at $6,050,182. The disclosure for this sale could be discovered right here. Insiders offered 176,580 shares of firm inventory value $8,110,352 over the past three months. 36.07% of the inventory is presently owned by company insiders.

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About Sonic Automotive

(Get Score)

Sonic Automotive, Inc operates as an automotive retailer in the US. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships section is concerned within the sale of latest and used automobiles and light-weight vans, and substitute components; provision of auto upkeep, producer guarantee restore, and paint and collision restore companies; and association of prolonged warranties, service contracts, financing, insurance coverage, and different aftermarket merchandise for its friends.

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Institutional Ownership by Quarter for Sonic Automotive (NYSE:SAH)

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