Essex Investment Management Co. LLC cut its position in shares of Autobytel Inc. (NASDAQ:ABTL) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 35,494 shares of the company’s stock after selling 391 shares during the period. Essex Investment Management Co. LLC’s holdings in Autobytel were worth $492,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of ABTL. Thomson Horstmann & Bryant Inc. boosted its stake in Autobytel by 4.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 512,417 shares of the company’s stock valued at $7,107,000 after buying an additional 20,423 shares in the last quarter. Geode Capital Management LLC boosted its stake in Autobytel by 35.9% in the first quarter. Geode Capital Management LLC now owns 69,339 shares of the company’s stock valued at $1,203,000 after buying an additional 18,312 shares in the last quarter. Adirondack Research & Management Inc. boosted its stake in Autobytel by 3.0% in the first quarter. Adirondack Research & Management Inc. now owns 118,885 shares of the company’s stock valued at $2,064,000 after buying an additional 3,425 shares in the last quarter. Finally, Barclays PLC boosted its stake in Autobytel by 2.2% in the first quarter. Barclays PLC now owns 24,897 shares of the company’s stock valued at $423,000 after buying an additional 525 shares in the last quarter. 66.48% of the stock is currently owned by hedge funds and other institutional investors.
Autobytel Inc. (NASDAQ:ABTL) traded down 1.50% during midday trading on Thursday, hitting $17.70. 23,637 shares of the company traded hands. The stock has a 50 day moving average price of $16.92 and a 200-day moving average price of $15.80. Autobytel Inc. has a 12-month low of $12.33 and a 12-month high of $25.00. The company has a market cap of $190.89 million, a PE ratio of 80.09 and a beta of 1.34.
Autobytel (NASDAQ:ABTL) last released its earnings results on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Autobytel had a return on equity of 12.16% and a net margin of 1.85%. The company had revenue of $36.10 million for the quarter, compared to analysts’ expectations of $34.24 million. During the same quarter in the previous year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. Analysts expect that Autobytel Inc. will post $1.40 EPS for the current year.
ABTL has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and set a $28.00 price target on shares of Autobytel in a research note on Sunday, September 18th. Zacks Investment Research cut shares of Autobytel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday.
Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
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