Lithia Motors (LAD) Shareholder Harvest Capital Strategies Has Decreased Holding as Market Valuation Declined; Highfields Capital Management LP Raised Its Kroger Co (KR) Position by $26.06 Million as Shares Declined

May 18, 2018 - By Stephen Andrade

Lithia Motors, Inc. (NYSE:LAD) Logo

Harvest Capital Strategies Llc decreased its stake in Lithia Motors Inc (LAD) by 14.55% based on its latest 2017Q4 regulatory filing with the SEC. Harvest Capital Strategies Llc sold 8,000 shares as the company’s stock declined 14.34% with the market. The institutional investor held 47,000 shares of the consumer durables company at the end of 2017Q4, valued at $5.34M, down from 55,000 at the end of the previous reported quarter. Harvest Capital Strategies Llc who had been investing in Lithia Motors Inc for a number of months, seems to be less bullish one the $2.45 billion market cap company. The stock increased 0.11% or $0.11 during the last trading session, reaching $98.07. About 336,456 shares traded or 11.79% up from the average. Lithia Motors, Inc. (NYSE:LAD) has risen 14.89% since May 18, 2017 and is uptrending. It has outperformed by 3.34% the S&P500.

Jonathon Jacobson increased its stake in Kroger Co (KR) by 58.66% based on its latest 2017Q4 regulatory filing with the SEC. Highfields Capital Management Lp bought 965,000 shares as the company’s stock declined 16.92% with the market. The hedge fund run by Jonathon Jacobson held 2.61M shares of the food chains company at the end of 2017Q4, valued at $71.65 million, up from 1.65M at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Kroger Co for a number of months, seems to be bullish on the $21.61B market cap company. The stock increased 1.44% or $0.36 during the last trading session, reaching $25.3. About 16.02M shares traded or 53.49% up from the average. The Kroger Co. (NYSE:KR) has declined 18.87% since May 18, 2017 and is downtrending. It has underperformed by 30.42% the S&P500.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.20, from 1.01 in 2017Q3. It increased, as 23 investors sold LAD shares while 66 reduced holdings. 38 funds opened positions while 70 raised stakes. 24.53 million shares or 0.28% more from 24.47 million shares in 2017Q3 were reported. Natl Bank Of America Corp De reported 0.01% of its portfolio in Lithia Motors, Inc. (NYSE:LAD). Franklin Resource owns 271,160 shares or 0.01% of their US portfolio. Moreover, Cardinal Cap Limited Co Ct has 2.41% invested in Lithia Motors, Inc. (NYSE:LAD) for 541,648 shares. Financial Architects accumulated 27 shares or 0% of the stock. Great West Life Assurance Co Can accumulated 31,394 shares. Moreover, Point72 Asia (Hong Kong) Limited has 0.06% invested in Lithia Motors, Inc. (NYSE:LAD). Swiss Comml Bank holds 0.01% of its portfolio in Lithia Motors, Inc. (NYSE:LAD) for 40,900 shares. 1,700 are owned by Strs Ohio. Guggenheim Ltd Llc has invested 0% in Lithia Motors, Inc. (NYSE:LAD). Ls Invest Advisors Ltd Com invested in 0% or 720 shares. The Virginia-based Toth Advisory Corp has invested 0.12% in Lithia Motors, Inc. (NYSE:LAD). 102,807 were accumulated by New Amsterdam Prns Ltd Llc Ny. Tiaa Cref Invest Management Ltd owns 57,314 shares for 0% of their portfolio. Amalgamated Retail Bank stated it has 0.01% in Lithia Motors, Inc. (NYSE:LAD). Kansas-based Intrust Bancshares Na has invested 0.07% in Lithia Motors, Inc. (NYSE:LAD).

More news for Lithia Motors, Inc. (NYSE:LAD) were recently published by: Seekingalpha.com, which released: “Lithia Motors missed estimates in Q1” on April 25, 2018. Seekingalpha.com‘s article titled: “Ethan Allen, Legg Mason among S&P 1500 stocks seen hiking payouts” and published on April 20, 2018 is yet another important article.

Since January 8, 2018, it had 0 insider buys, and 2 sales for $1.25 million activity.

Analysts await Lithia Motors, Inc. (NYSE:LAD) to report earnings on July, 27. They expect $2.85 earnings per share, up 25.00% or $0.57 from last year’s $2.28 per share. LAD’s profit will be $71.08 million for 8.60 P/E if the $2.85 EPS becomes a reality. After $2.07 actual earnings per share reported by Lithia Motors, Inc. for the previous quarter, Wall Street now forecasts 37.68% EPS growth.

Among 13 analysts covering Lithia Motors (NYSE:LAD), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Lithia Motors had 22 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Tuesday, September 5. The stock of Lithia Motors, Inc. (NYSE:LAD) earned “Neutral” rating by Susquehanna on Thursday, February 2. The firm earned “Buy” rating on Wednesday, June 28 by Jefferies. The firm earned “Hold” rating on Monday, January 8 by Bank of America. The stock of Lithia Motors, Inc. (NYSE:LAD) has “Underperform” rating given on Friday, June 16 by Bank of America. The stock of Lithia Motors, Inc. (NYSE:LAD) has “Hold” rating given on Monday, April 16 by Guggenheim. As per Monday, April 11, the company rating was initiated by Jefferies. The firm earned “Overweight” rating on Wednesday, October 4 by KeyBanc Capital Markets. Wolfe Research initiated the shares of LAD in report on Wednesday, August 31 with “Outperform” rating. The stock of Lithia Motors, Inc. (NYSE:LAD) earned “Buy” rating by KeyBanc Capital Markets on Monday, November 13.

Harvest Capital Strategies Llc, which manages about $1.58B and $577.29M US Long portfolio, upped its stake in Western Digital Corp (NASDAQ:WDC) by 200,000 shares to 300,000 shares, valued at $23.86M in 2017Q4, according to the filing. It also increased its holding in Santander Consumer Usa Hdg I (NYSE:SC) by 73,348 shares in the quarter, for a total of 873,348 shares, and has risen its stake in Alamo Group Inc (NYSE:ALG).

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.02, from 0.88 in 2017Q3. It increased, as 78 investors sold KR shares while 251 reduced holdings. 121 funds opened positions while 176 raised stakes. 636.15 million shares or 7.55% less from 688.12 million shares in 2017Q3 were reported. Gsa Cap Prtn Llp stated it has 24,859 shares. 12,591 were reported by Riverpoint Capital Mngmt Ltd Liability Company. Engineers Gate Manager Ltd Partnership holds 40,813 shares. Cognios Limited Liability Com invested 0.33% in The Kroger Co. (NYSE:KR). Whittier Tru accumulated 95,736 shares or 0.09% of the stock. Hennessy stated it has 0.05% in The Kroger Co. (NYSE:KR). Lpl Fincl Limited Liability Com has invested 0.01% in The Kroger Co. (NYSE:KR). Advantus Management reported 89,558 shares stake. Daiwa Securities Group Inc reported 26,728 shares or 0.01% of all its holdings. The Florida-based Finemark Commercial Bank And has invested 0.02% in The Kroger Co. (NYSE:KR). Sg Americas Ltd Liability Corp has 0.04% invested in The Kroger Co. (NYSE:KR) for 145,883 shares. Regent Inv Llc has 16,200 shares. Clark Gru has 0.03% invested in The Kroger Co. (NYSE:KR) for 35,288 shares. California-based Wealthfront has invested 0.01% in The Kroger Co. (NYSE:KR). Dupont Corp, a Delaware-based fund reported 4,516 shares.

Highfields Capital Management Lp, which manages about $22.71 billion and $12.03 billion US Long portfolio, decreased its stake in Dollar Tree Inc (NASDAQ:DLTR) by 430,000 shares to 1.91 million shares, valued at $205.09 million in 2017Q4, according to the filing. It also reduced its holding in Hilton Worldwide Hldgs Inc by 591,359 shares in the quarter, leaving it with 7.99M shares, and cut its stake in Invesco Ltd (NYSE:IVZ).

More notable recent The Kroger Co. (NYSE:KR) news were published by: Bizjournals.com which released: “Kroger stock is poised to rise, analyst says” on May 16, 2018, also Nasdaq.com with their article: “Amazon Needs More Whole Foods Stores” published on May 18, 2018, Seekingalpha.com published: “Kroger: Fears Overstated” on May 14, 2018. More interesting news about The Kroger Co. (NYSE:KR) were released by: Bizjournals.com and their article: “Kroger analyst goes against the grain, turns negative on stock” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Kroger rallies after Barron’s call-out” with publication date: May 14, 2018.

Among 37 analysts covering Kroger (NYSE:KR), 18 have Buy rating, 0 Sell and 19 Hold. Therefore 49% are positive. Kroger had 112 analyst reports since August 25, 2015 according to SRatingsIntel. Barclays Capital initiated the stock with “Equal-Weight” rating in Friday, September 23 report. Jefferies maintained The Kroger Co. (NYSE:KR) rating on Monday, September 11. Jefferies has “Hold” rating and $19 target. The firm earned “Hold” rating on Friday, December 2 by Pivotal Research. BMO Capital Markets maintained the shares of KR in report on Wednesday, January 24 with “Hold” rating. The firm has “Buy” rating given on Tuesday, July 26 by Goldman Sachs. The rating was maintained by Pivotal Research on Friday, September 11 with “Buy”. As per Friday, February 12, the company rating was initiated by Stifel Nicolaus. Pivotal Research maintained The Kroger Co. (NYSE:KR) on Monday, June 5 with “Hold” rating. The stock of The Kroger Co. (NYSE:KR) earned “Buy” rating by Vetr on Thursday, September 3. The stock of The Kroger Co. (NYSE:KR) earned “Neutral” rating by Credit Suisse on Thursday, May 12.

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