Menta Capital LLC Has $417,000 Stake in Group 1 Automotive, Inc. (GPI)

Menta Capital LLC decreased its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,908 shares of the company’s stock after selling 4,000 shares during the quarter. Menta Capital LLC’s holdings in Group 1 Automotive were worth $417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rafferty Asset Management LLC acquired a new position in shares of Group 1 Automotive during the third quarter valued at $256,000. AlphaCrest Capital Management LLC acquired a new position in shares of Group 1 Automotive during the fourth quarter valued at $258,000. Stone Ridge Asset Management LLC acquired a new position in shares of Group 1 Automotive during the third quarter valued at $277,000. Algert Global LLC acquired a new position in shares of Group 1 Automotive during the third quarter valued at $357,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Group 1 Automotive during the fourth quarter valued at $365,000. 98.54% of the stock is owned by institutional investors.

GPI stock opened at $61.41 on Friday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 6.89, a P/E/G ratio of 1.66 and a beta of 1.78. Group 1 Automotive, Inc. has a fifty-two week low of $48.69 and a fifty-two week high of $81.16. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.23.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $2.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.03. Group 1 Automotive had a net margin of 1.36% and a return on equity of 15.31%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company earned $2.11 EPS. Group 1 Automotive’s revenue was down .7% on a year-over-year basis. On average, analysts anticipate that Group 1 Automotive, Inc. will post 9.13 EPS for the current fiscal year.

Group 1 Automotive announced that its Board of Directors has authorized a share buyback plan on Thursday, February 21st that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, February 28th. Group 1 Automotive’s payout ratio is 11.67%.

Several brokerages have recently issued reports on GPI. Zacks Investment Research downgraded shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Thursday, December 6th. ValuEngine raised shares of Group 1 Automotive from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Seaport Global Securities started coverage on shares of Group 1 Automotive in a report on Wednesday, February 13th. They set a “buy” rating for the company. They noted that the move was a valuation call. Finally, TheStreet raised shares of Group 1 Automotive from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $73.67.

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Group 1 Automotive Company Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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

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