Mondrian Investment Partners LTD Has $97.64 Million Holdings in Autohome Inc. (NYSE:ATHM)

Mondrian Investment Partners LTD lessened its holdings in Autohome Inc. (NYSE:ATHM) by 24.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,557,009 shares of the information services provider’s stock after selling 1,138,289 shares during the quarter. Mondrian Investment Partners LTD owned 2.83% of Autohome worth $97,640,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake 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 valued at $195,000 after buying an additional 348 shares during the last quarter. Parallel Advisors LLC raised its holdings in Autohome by 99.4% during the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock worth $37,000 after acquiring an additional 657 shares in the last quarter. Public Employees Retirement Association of Colorado boosted 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 during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Autohome by 24.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 912 shares during the last quarter. Finally, Atlas Capital Advisors LLC bought a new position in Autohome in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATHM. StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Citigroup reaffirmed a “neutral” rating and set a $28.00 price target (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. Finally, Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

Autohome Stock Down 0.0 %

NYSE:ATHM opened at $27.20 on Wednesday. Autohome Inc. has a 12-month low of $21.89 and a 12-month high of $30.92. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 12.89 and a beta of 0.14. The stock’s 50 day moving average price is $25.17 and its two-hundred day moving average price is $26.31.

Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that Autohome Inc. will post 1.96 EPS for the current year.

Autohome announced that its Board of Directors has approved 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 reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

About Autohome

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.