Amalgamated Bank Cuts Stock Holdings in Lithia Motors, Inc. (NYSE:LAD)

Amalgamated Bank decreased its stake in shares of Lithia Motors, Inc. (NYSE:LADFree Report) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,767 shares of the company’s stock after selling 134 shares during the period. Amalgamated Bank owned 0.06% of Lithia Motors worth $5,247,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LAD. Rise Advisors LLC acquired a new position in Lithia Motors in the third quarter valued at $31,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Lithia Motors in the third quarter worth $32,000. JFS Wealth Advisors LLC raised its stake in shares of Lithia Motors by 509.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 128 shares of the company’s stock valued at $38,000 after acquiring an additional 107 shares during the period. Quantbot Technologies LP acquired a new position in shares of Lithia Motors during the 2nd quarter valued at $46,000. Finally, AXS Investments LLC purchased a new stake in Lithia Motors during the 2nd quarter worth $53,000.

Lithia Motors Price Performance

NYSE LAD opened at $292.25 on Wednesday. The company has a 50-day moving average price of $297.72 and a two-hundred day moving average price of $289.49. Lithia Motors, Inc. has a 52 week low of $203.65 and a 52 week high of $331.96. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 3.44 and a beta of 1.60. The company has a current ratio of 1.33, a quick ratio of 0.32 and a debt-to-equity ratio of 1.09.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI started coverage on Lithia Motors in a research report on Wednesday, January 17th. They set an “outperform” rating and a $400.00 price target on the stock. JPMorgan Chase & Co. downgraded shares of Lithia Motors from an “overweight” rating to a “neutral” rating and set a $295.00 target price for the company. in a research note on Tuesday, October 31st. Wells Fargo & Company lowered their price target on shares of Lithia Motors from $275.00 to $259.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Lithia Motors from $348.00 to $300.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $332.40.

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About Lithia Motors

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Lithia Motors, Inc operates as an automotive retailer. The company operates through Domestic, Import, and Luxury segments. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells body and parts for the new vehicles under the Driveway and GreenCars brand names.

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Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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