985 Shares in Lithia Motors, Inc. (NYSE:LAD) Bought by Tectonic Advisors LLC

Tectonic Advisors LLC bought a new stake in Lithia Motors, Inc. (NYSE:LAD) during the fourth quarter, Holdings Channel.com reports. The firm bought 985 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LAD. V Square Quantitative Management LLC bought a new stake in Lithia Motors in the 3rd quarter valued at about $35,000. UMB Bank n.a. raised its holdings in shares of Lithia Motors by 69.9% during the fourth quarter. UMB Bank n.a. now owns 124 shares of the company’s stock valued at $44,000 after buying an additional 51 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Lithia Motors by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 167 shares of the company’s stock worth $60,000 after buying an additional 39 shares during the period. Blue Trust Inc. grew its holdings in Lithia Motors by 49.3% in the 3rd quarter. Blue Trust Inc. now owns 200 shares of the company’s stock worth $64,000 after buying an additional 66 shares in the last quarter. Finally, Signaturefd LLC increased its position in Lithia Motors by 23.9% in the 3rd quarter. Signaturefd LLC now owns 249 shares of the company’s stock valued at $79,000 after acquiring an additional 48 shares during the period.

Lithia Motors Stock Performance

LAD opened at $381.18 on Friday. The business has a fifty day simple moving average of $364.07 and a 200-day simple moving average of $329.88. The firm has a market cap of $10.15 billion, a PE ratio of 13.01, a P/E/G ratio of 4.82 and a beta of 1.67. The company has a quick ratio of 0.27, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. Lithia Motors, Inc. has a fifty-two week low of $243.00 and a fifty-two week high of $405.67.

Insider Activity at Lithia Motors

In other Lithia Motors news, CFO Tina Miller sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $392.72, for a total transaction of $392,720.00. Following the sale, the chief financial officer now directly owns 10,403 shares of the company’s stock, valued at $4,085,466.16. The trade was a 8.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bryan B. Deboer sold 15,846 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $386.72, for a total value of $6,127,965.12. Following the completion of the sale, the chief executive officer now owns 207,924 shares of the company’s stock, valued at $80,408,369.28. The trade was a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,770 shares of company stock worth $15,103,607 in the last quarter. 1.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LAD has been the subject of a number of analyst reports. StockNews.com upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Stephens increased their target price on shares of Lithia Motors from $360.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their target price on shares of Lithia Motors from $343.00 to $346.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reduced their price target on shares of Lithia Motors from $405.00 to $400.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Guggenheim raised their price objective on shares of Lithia Motors from $380.00 to $418.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $357.40.

About Lithia Motors

Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company’s Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.