AIG remains the "king of the hedge fund castle" writes ValueWalk, as Goldman's latest Hedge Fund Monitor shows 69 funds have the stock in their top 10 holdings as of June 30, ahead of #2 Google (GOOG) at 65 and #3 Apple (AAPL) at 50. The percent of equity cap owned by hedge funds is 14% for AIG, as opposed to negligible amounts for both Google and Apple.
Based on percent of equity cap owned by hedge funds, Charter Communications (CHTR) is the #1 hedge fund hotel at 37%. Among S&P 500 stocks, J.C. Penney at 36%, Constellation Brands (STZ) at 30% and H&R Block (HRB) at 26% lead the way. The average for the entire S&P 500 is 5%.
AutoNation (AN) announces new vehicles sales of 25,162 in June to mark a 10% increase from last year's selling level. The company's domestic segment paced the gains with a 15% jump to 8,130 vehicles during the month.
The solid quarter put in by CarMax bodes well for auto-related firms such as America's Car-Mart (CRMT -1.7%), AutoNation (AN), and Sonic Automotive (SAH -0.6%), according to analysts. Many of those predictions on the increased demand for replacement autos due to the aging U.S. fleet are coming to fruition as both the new and used market for cars shows some vitality.
The sale of AutoNation (AN +1.8%) shares by Eddie Lampert's ESL Partners appears to be tied to client redemptions, according to a Bloomberg report. Turmoil at Sears Holdings (SHLD -0.7%) could be part of the anxiety. (video)
ESL Partners discloses it lowered its stake in AutoNation (AN) to 32% from a previous position of 41% of shares. Eddie Lampert's firm didn't sell at highs with shares of AutoNation about 10% off of their level from earlier in the year. (Form 4)
AutoNation (AN) announces retail sales of new vehicles rose 11% Y/Y to 26,372 in May and same-store sales increased 8% during the same period. The premium luxury category improved 17% for the company during the month.
Shares of AutoNation (AN +5.1%) rev higher after the company beat estimates on both lines with its Q1 report. AutoNation reported broad gains across segments with demand for new cars in the U.S. strong.
phemale60+ FollowFollowing- Unfollow|Send Message14 Nov 2012
: tempted to take some off top of my WFM holding but averaging up so at $48 - take profits and buy back? Dilemma!
AN vs. ETF Alternatives
AutoNation Inc., is an automotive retailer in the United States. The Company offers an automotive products and services, including new vehicles, used vehicles, parts and accessories, automotive services, automotive finance and insurance products.