As Autozone INC (AZO) Stock Price Declined, Private Management Group INC Has Lifted Holding

March 19, 2018 - By Vivian Currie

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.20, from 0.85 in 2017Q2. It is positive, as 59 investors sold AZO shares while 150 reduced holdings. 74 funds opened positions while 145 raised stakes. 26.58 million shares or 0.11% less from 26.61 million shares in 2017Q2 were reported. Keybank Association Oh, a Ohio-based fund reported 841 shares. 5 are held by Assetmark. Northern Trust reported 396,425 shares. Highland Mgmt Limited Company accumulated 0.02% or 456 shares. Utd Capital Fincl Advisers Ltd Liability Co stated it has 1,257 shares or 0.01% of all its holdings. 5,979 were reported by Hartford Investment Management. Swiss Bankshares accumulated 136,891 shares. Strategic Glob Advisors Ltd Company accumulated 0.29% or 1,278 shares. Farmers Merchants Inc stated it has 1,819 shares or 0.09% of all its holdings. Guggenheim Capital Ltd Liability Corp reported 0.08% stake. Ahl Ptnrs Ltd Liability Partnership accumulated 3,324 shares. Ls Investment Ltd Liability Corp holds 0.06% or 1,775 shares. Qv owns 83,040 shares or 4.14% of their US portfolio. Federated Investors Pa owns 38,391 shares or 0.07% of their US portfolio. Cornerstone Advsr, Washington-based fund reported 20 shares.

Since September 28, 2017, it had 0 insider buys, and 6 selling transactions for $14.41 million activity. Another trade for 1,547 shares valued at $1.21 million was made by Griffith James C. on Tuesday, January 16. Daniele Philip B. sold 740 shares worth $577,472. Another trade for 2,700 shares valued at $2.05M was made by Smith Richard Craig on Thursday, January 4. Graves William W also sold $7.82 million worth of AutoZone, Inc. (NYSE:AZO) on Wednesday, January 3.

Private Management Group Inc increased its stake in Autozone Inc (AZO) by 61.32% based on its latest 2017Q3 regulatory filing with the SEC. Private Management Group Inc bought 23,150 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 60,905 shares of the consumer services company at the end of 2017Q3, valued at $36.25M, up from 37,755 at the end of the previous reported quarter. Private Management Group Inc who had been investing in Autozone Inc for a number of months, seems to be bullish on the $17.53B market cap company. The stock increased 0.46% or $2.99 during the last trading session, reaching $651.48. About 593,170 shares traded or 31.30% up from the average. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since March 19, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Private Management Group Inc, which manages about $2.22 billion and $1.89 billion US Long portfolio, decreased its stake in Travelers Companies Inc (NYSE:TRV) by 51,515 shares to 183,031 shares, valued at $22.43M in 2017Q3, according to the filing. It also reduced its holding in Chemours Co by 267,012 shares in the quarter, leaving it with 579,080 shares, and cut its stake in Valero Energy Corp New (NYSE:VLO).

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Among 24 analysts covering Autozone Inc. (NYSE:AZO), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Autozone Inc. had 76 analyst reports since August 24, 2015 according to SRatingsIntel. As per Wednesday, December 6, the company rating was maintained by UBS. The firm earned “Neutral” rating on Wednesday, December 14 by Atlantic Securities. The stock of AutoZone, Inc. (NYSE:AZO) has “Neutral” rating given on Friday, August 26 by Susquehanna. The stock has “Outperform” rating by Wedbush on Tuesday, February 16. As per Wednesday, March 2, the company rating was maintained by Credit Suisse. The rating was downgraded by Raymond James to “Mkt Perform” on Tuesday, May 23. The firm earned “Neutral” rating on Friday, September 23 by Goldman Sachs. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, December 7. The firm has “Hold” rating given on Thursday, October 26 by Jefferies. The company was maintained on Monday, July 17 by Credit Suisse.

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