Foyston Gordon & Payne Cut Autonation (AN) Position By $300,216; GLASSBRIDGE ENTERPRISES (GLAE) Sellers Decreased By 1.83% Their Shorts

November 14, 2017 - By Peter Erickson

Foyston Gordon & Payne Inc decreased Autonation Inc. (AN) stake by 10.18% reported in 2017Q2 SEC filing. Foyston Gordon & Payne Inc sold 7,148 shares as Autonation Inc. (AN)’s stock declined 16.96%. The Foyston Gordon & Payne Inc holds 63,078 shares with $2.66 million value, down from 70,226 last quarter. Autonation Inc. now has $4.84 billion valuation. The stock rose 0.49% or $0.26 reaching $52.99. About 351,967 shares traded. AutoNation, Inc. (NYSE:AN) has declined 14.65% since November 14, 2016 and is downtrending. It has underperformed by 31.35% the S&P500.

GLASSBRIDGE ENTERPRISES INCORPORATED (OTCMKTS:GLAE) had a decrease of 1.83% in short interest. GLAE’s SI was 32,100 shares in November as released by FINRA. Its down 1.83% from 32,700 shares previously. With 8,800 avg volume, 4 days are for GLASSBRIDGE ENTERPRISES INCORPORATED (OTCMKTS:GLAE)’s short sellers to cover GLAE’s short positions. About 4,600 shares traded. Glassbridge Enterprises Inc (OTCMKTS:GLAE) has 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

GlassBridge Enterprises, Inc., formerly Imation Corp., is a holding company. The company has market cap of $5.21 million. The Firm is a data storage and data security company. It currently has negative earnings. It operates through Nexsan segment.

Among 19 analysts covering AutoNation (NYSE:AN), 6 have Buy rating, 2 Sell and 11 Hold. Therefore 32% are positive. AutoNation had 31 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Thursday, August 3 with “Hold”. The firm has “Hold” rating given on Tuesday, May 30 by Jefferies. The company was maintained on Thursday, July 6 by Jefferies. Northcoast downgraded AutoNation, Inc. (NYSE:AN) on Wednesday, October 4 to “Hold” rating. Evercore downgraded AutoNation, Inc. (NYSE:AN) on Monday, February 6 to “Hold” rating. The firm has “Neutral” rating given on Tuesday, August 9 by Seaport Global. On Thursday, November 2 the stock rating was maintained by Jefferies with “Hold”. The stock of AutoNation, Inc. (NYSE:AN) has “Peer Perform” rating given on Wednesday, August 31 by Wolfe Research. Wells Fargo maintained AutoNation, Inc. (NYSE:AN) rating on Monday, November 6. Wells Fargo has “Hold” rating and $50.0 target. Jefferies maintained the shares of AN in report on Friday, September 8 with “Hold” rating.

Analysts await AutoNation, Inc. (NYSE:AN) to report earnings on February, 2. They expect $0.92 earnings per share, down 3.16% or $0.03 from last year’s $0.95 per share. AN’s profit will be $84.03 million for 14.40 P/E if the $0.92 EPS becomes a reality. After $1.08 actual earnings per share reported by AutoNation, Inc. for the previous quarter, Wall Street now forecasts -14.81% negative EPS growth.

Since June 5, 2017, it had 0 insider purchases, and 2 selling transactions for $91,069 activity. The insider Cade Christopher sold 273 shares worth $10,849. On Wednesday, June 7 the insider GRUSKY ROBERT R sold $80,220.

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