Seldon Capital LP Has $5.71 Million Stock Position in Autohome Inc. (NYSE:ATHM)

Seldon Capital LP lowered its position in shares of Autohome Inc. (NYSE:ATHM) by 30.2% during the third quarter, Holdings Channel reports. The fund owned 175,127 shares of the information services provider’s stock after selling 75,918 shares during the quarter. Autohome makes up 3.2% of Seldon Capital LP’s holdings, making the stock its 11th largest holding. Seldon Capital LP’s holdings in Autohome were worth $5,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Atlas Capital Advisors LLC acquired a new stake in Autohome during the 2nd quarter worth about $28,000. Public Employees Retirement Association of Colorado grew its position in Autohome by 88.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 800 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after buying an additional 2,614 shares during the period. California State Teachers Retirement System lifted its position in Autohome by 4.9% in the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after buying an additional 348 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Autohome by 23.5% in the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after buying an additional 1,351 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Stock Down 1.6 %

ATHM stock opened at $27.60 on Friday. The firm has a 50 day moving average of $29.76 and a two-hundred day moving average of $27.61. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 13.73 and a beta of 0.18.

Autohome Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Autohome’s previous Variable dividend of $0.57. This represents a yield of 5.8%. Autohome’s dividend payout ratio is currently 83.58%.

Autohome announced that its board has initiated a stock repurchase program on Wednesday, September 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATHM. StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Hsbc Global Res raised Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.