6 days Ago By ABMN Staff
Geode Capital Management LLC cut its position in OPENLANE, Inc. ( NYSE:KAR – Free Report ) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 2,448,762 shares of the specialty retailer’s stock after selling 26,979 shares during the quarter. Geode Capital Management LLC owned about 2.29% of OPENLANE worth $48,595,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of OPENLANE in the fourth quarter valued at approximately $5,822,000.
Hillsdale Investment Management Inc. bought a new position in OPENLANE in the 4th quarter worth approximately $4,115,000. Versor Investments LP acquired a new stake in OPENLANE in the 4th quarter valued at approximately $254,000.
Barclays PLC raised its stake in OPENLANE by 344.7% during the 3rd quarter. Barclays PLC now owns 178,964 shares of the specialty retailer’s stock valued at $3,022,000 after acquiring an additional 138,720 shares in the last quarter.
Finally, Guidance Capital Inc. acquired a new position in OPENLANE during the 4th quarter worth $472,000. 99.
76% of the stock is owned by institutional investors and hedge funds. OPENLANE Trading Down 0.2 % NYSE:KAR opened at $18.
61 on Tuesday. The company has a 50-day moving average of $20.31 and a 200-day moving average of $19.
45. OPENLANE, Inc. has a twelve month low of $15.
44 and a twelve month high of $22.47. The firm has a market cap of $1.
99 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.
38. Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on KAR shares. JPMorgan Chase & Co.
cut shares of OPENLANE from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $20.00 in a research note on Thursday, March 27th.
Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of OPENLANE in a research report on Friday, February 21st. Stephens raised shares of OPENLANE from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $20.
00 to $26.00 in a research note on Friday, February 28th. Finally, StockNews.
com lowered shares of OPENLANE from a “buy” rating to a “hold” rating in a research note on Friday, March 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.
75. Check Out Our Latest Analysis on KAR OPENLANE Profile ( Free Report ) OPENLANE, Inc, together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance.
The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Further Reading Want to see what other hedge funds are holding KAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OPENLANE, Inc.
( NYSE:KAR – Free Report ). Receive News & Ratings for OPENLANE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OPENLANE and related companies with MarketBeat.com's FREE daily email newsletter .
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