Autohome Inc. (NYSE:ATHM) is Polunin Capital Partners Ltd’s 7th Largest Position

Polunin Capital Partners Ltd decreased its holdings in shares of Autohome Inc. (NYSE:ATHM) by 2.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,052,721 shares of the information services provider’s stock after selling 25,694 shares during the period. Autohome makes up approximately 7.4% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 7th largest holding. Polunin Capital Partners Ltd owned 0.84% of Autohome worth $31,562,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Atlas Capital Advisors LLC acquired a new stake in Autohome during the 2nd quarter worth about $28,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of 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 worth $45,000 after purchasing an additional 800 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Autohome by 93.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after purchasing an additional 2,614 shares during the period. Vontobel Holding Ltd. purchased a new stake in Autohome in the third quarter valued at approximately $219,000. Finally, Van ECK Associates Corp increased its holdings 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 during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Stock Performance

Shares of ATHM stock traded up $0.10 during trading hours on Friday, reaching $28.75. The company had a trading volume of 268,365 shares, compared to its average volume of 480,216. 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 $3.61 billion, a price-to-earnings ratio of 13.61 and a beta of 0.16. The stock has a fifty day moving average of $28.76 and a 200-day moving average of $27.26.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $4.12. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. On average, analysts forecast that Autohome Inc. will post 2.02 EPS for the current year.

Autohome announced that its board has approved a share buyback plan on Wednesday, September 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have commented on ATHM shares. Benchmark cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup reaffirmed a “neutral” rating and issued a $28.00 price target (down from $31.00) on shares of Autohome in a report on Friday, July 19th. StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, CLSA cut Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.