Group 1 Automotive (GPI) : Smith Graham Investment Advisors Lp scooped up 16,260 additional shares in Group 1 Automotive during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 116,298 shares of Group 1 Automotive which is valued at $7,295,374.Group 1 Automotive makes up approximately 0.94% of Smith Graham Investment Advisors Lp’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc boosted its stake in GPI in the latest quarter, The investment management firm added 23,943 additional shares and now holds a total of 47,291 shares of Group 1 Automotive which is valued at $3,041,757. Creative Planning sold out all of its stake in GPI during the most recent quarter. The investment firm sold 4 shares of GPI which is valued $257.Bnp Paribas Arbitrage Sa reduced its stake in GPI by selling 5,300 shares or 58.36% in the most recent quarter. The Hedge Fund company now holds 3,781 shares of GPI which is valued at $247,466.
Group 1 Automotive opened for trading at $62.4 and hit $63.12 on the upside on Friday, eventually ending the session at $62.73, with a gain of 0.95% or 0.59 points. The heightened volatility saw the trading volume jump to 1,87,355 shares. Company has a market cap of $1,340 M.
On the company’s financial health, Group 1 Automotive reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.09. The company had revenue of $2782.40 million for the quarter, compared to analysts expectations of $2896.14 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS.
Many Wall Street Analysts have commented on Group 1 Automotive. Group 1 Automotive was Initiated by Seaport Global Securities to “Neutral” on Aug 9, 2016. Group 1 Automotive was Upgraded by Buckingham Research to ” Buy” on Jul 20, 2016.
Group 1 Automotive Inc. is an operator in the automotive retail industry. The Company 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. The Company operates through three segments: the U.S. which includes the activities of its corporate office the U.K. and Brazil. As of September30 2015 the Company owned and operated approximately 162 automotive dealerships approximately 212 franchises and approximately 37 collision centers in the United States and the United Kingdom and Brazil offer approximately 34 brands of automobiles. In addition the Company operates in international regions including the United Kingdom and Brazil. As of February 4 2016 the Company had approximately 29 dealerships in the United Kingdom. As of September30 2015 the Company had approximately 19 dealerships in Brazil. .