Kayne Anderson Rudnick Investment Management LLC Stake in Autohome INC (ATHM) Cut by $234.76 Million as Stock Value Declined

Kayne Anderson Rudnick Investment Management Llc decreased its stake in Autohome Inc (ATHM) by 17.84% based on its latest 2019Q1 regulatory filing with the SEC. Kayne Anderson Rudnick Investment Management Llc sold 2.24 million shares as the company’s stock declined 23.31% . The institutional investor held 10.30M shares of the edp services company at the end of 2019Q1, valued at $1.08 billion, down from 12.53M at the end of the previous reported quarter. Kayne Anderson Rudnick Investment Management Llc who had been investing in Autohome Inc for a number of months, seems to be less bullish one the $9.29B market cap company. The stock increased 0.74% or $0.58 during the last trading session, reaching $78.68. About 537,171 shares traded. Autohome Inc. (NYSE:ATHM) has declined 15.03% since August 16, 2018 and is downtrending. It has underperformed by 15.03% the S&P500.

Kayne Anderson Rudnick Investment Management Llc, which manages about $9.04 billion and $15.91B US Long portfolio, upped its stake in Brooks Automation (NASDAQ:BRKS) by 376,659 shares to 3.49 million shares, valued at $102.44M in 2019Q1, according to the filing. It also increased its holding in Roper Technologies (NYSE:ROP) by 15,072 shares in the quarter, for a total of 104,868 shares, and has risen its stake in Sally Beauty Hldgs (NYSE:SBH).

More notable recent Autohome Inc. (NYSE:ATHM) news were published by: Finance.Yahoo.com which released: “Boasting A 26% Return On Equity, Is Autohome Inc. (NYSE:ATHM) A Top Quality Stock? – Yahoo Finance” on July 25, 2019, also Seekingalpha.com with their article: “Autohome Q4 2018 Earnings Preview – Seeking Alpha” published on February 25, 2019, Seekingalpha.com published: “JPMogan gets bearish on Autohome – Seeking Alpha” on January 28, 2019. More interesting news about Autohome Inc. (NYSE:ATHM) were released by: Finance.Yahoo.com and their article: “Autohome Inc. (ATHM) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on August 07, 2019 as well as Prnewswire.com‘s news article titled: “Autohome Inc. Announces Unaudited Second Quarter Ended June 30, 2019 Financial Results – PRNewswire” with publication date: August 07, 2019.

Autohome Inc. (NYSE:ATHM) Ratings Coverage

Among 2 analysts covering AutoHome Inc (NYSE:ATHM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AutoHome Inc has $120 highest and $100 lowest target. $110’s average target is 39.81% above currents $78.68 stock price. AutoHome Inc had 9 analyst reports since February 26, 2019 according to SRatingsIntel. CLSA maintained Autohome Inc. (NYSE:ATHM) rating on Monday, June 24. CLSA has “Buy” rating and $120 target. The firm has “Buy” rating by Bank of America given on Wednesday, February 27. CLSA maintained the stock with “Buy” rating in Tuesday, February 26 report.

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