Autobytel (ABTL) : Albion Financial Group Ut added new position in Autobytel during the most recent quarter end. The investment management firm now holds 13,233 shares of Autobytel which is valued at $245,472 , the company said in a statement filed on Apr 21, 2016 with the SEC.Autobytel makes up approximately 0.04% of Albion Financial Group Ut’s portfolio.
Autobytel closed down -0.6 points or -3.32% at $17.49 with 1,17,191 shares getting traded on Wednesday. Post opening the session at $18, the shares hit an intraday low of $17.18 and an intraday high of $18.02 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Thomson Horstmann Bryant Inc reduced its stake in ABTL by selling 9,601 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 491,994 shares of ABTL which is valued at $9,126,489. Autobytel makes up approx 1.06% of Thomson Horstmann Bryant Inc’s portfolio.Magee Thomson Investment Partners reduced its stake in ABTL by selling 49 shares or 17.25% in the most recent quarter. The Hedge Fund company now holds 235 shares of ABTL which is valued at $4,359. Simplex Trading added ABTL to its portfolio by purchasing 649 company shares during the most recent quarter which is valued at $11,358. Denali Advisors sold out all of its stake in ABTL during the most recent quarter. The investment firm sold 100 shares of ABTL which is valued $1,750.
On the company’s financial health, Autobytel reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $0.24. The company had revenue of $36.40 million for the quarter, compared to analysts expectations of $36.21 million. The company’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Autobytel. Company shares were Reiterated by Ascendiant Capital Markets on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .
Autobytel Inc. is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell vehicles to consumers through the programs for online lead referrals dealer marketing products and services and online advertising programs and mobile products. Its consumer-facing automotive Websites which include its flagship Website Autobytel.com provide consumers with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the consumers regarding purchasing or leasing vehicles. Its Websites provide these consumers the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these consumers to contact the consumers regarding vehicle financing. Its other offerings include iControl by Autobytel WebLeads+ Email Manager and Lead Call Payment Pro mobile products and services and SaleMove products and services.