Connor Clark & Lunn Investment Management Ltd. Decreases Stake in Autohome Inc. (NYSE:ATHM)

Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Autohome Inc. (NYSE:ATHM) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 201,070 shares of the information services provider’s stock after selling 2,225 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Autohome were worth $5,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Autohome by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider’s stock worth $4,147,000 after buying an additional 4,812 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Autohome during the 4th quarter worth $257,000. California State Teachers Retirement System raised its stake in Autohome by 4,293.6% in the 4th quarter. California State Teachers Retirement System now owns 23,989 shares of the information services provider’s stock valued at $623,000 after purchasing an additional 23,443 shares during the last quarter. Northern Trust Corp raised its stake in Autohome by 86.5% in the 4th quarter. Northern Trust Corp now owns 347,500 shares of the information services provider’s stock valued at $9,018,000 after purchasing an additional 161,210 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Autohome by 2,671.8% in the 1st quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 1,897 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Up 0.5%

Shares of ATHM stock opened at $28.68 on Wednesday. The firm has a 50-day moving average price of $26.77 and a 200 day moving average price of $27.23. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 16.87 and a beta of -0.03.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

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.