Valley National Advisers Inc. Sells 565 Shares of Sonic Automotive, Inc. (NYSE:SAH)

Valley National Advisers Inc. lowered its stake in Sonic Automotive, Inc. (NYSE:SAH) by 55.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 454 shares of the company’s stock after selling 565 shares during the quarter. Valley National Advisers Inc.’s holdings in Sonic Automotive were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Sonic Automotive in the 4th quarter valued at about $72,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Sonic Automotive by 100.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,196 shares of the company’s stock valued at $70,000 after buying an additional 599 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Sonic Automotive during the 4th quarter valued at about $244,000. MQS Management LLC purchased a new position in shares of Sonic Automotive during the 3rd quarter valued at about $394,000. Finally, Inspire Investing LLC raised its holdings in shares of Sonic Automotive by 8.7% during the 3rd quarter. Inspire Investing LLC now owns 7,036 shares of the company’s stock valued at $411,000 after buying an additional 561 shares in the last quarter. Institutional investors own 46.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $74.00 price objective on shares of Sonic Automotive in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on Sonic Automotive from $75.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Seaport Res Ptn raised Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America decreased their price target on Sonic Automotive from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Stephens raised Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $67.20.

Sonic Automotive Price Performance

Shares of SAH stock opened at $72.60 on Tuesday. The firm has a market cap of $2.48 billion, a P/E ratio of 12.92 and a beta of 1.68. Sonic Automotive, Inc. has a fifty-two week low of $47.82 and a fifty-two week high of $75.68. The business’s 50 day moving average price is $67.15 and its 200-day moving average price is $61.77. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.35 and a current ratio of 1.11.

Sonic Automotive Company Profile

Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.