Amalgamated Bank decreased its stake in shares of Lithia Motors, Inc. (NYSE:LAD – Free 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
About Lithia Motors
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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