Ameriprise Financial Inc. Grows Holdings in Cars.com Inc (CARS)
Ameriprise Financial Inc. raised its position in Cars.com Inc (NYSE:CARS) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,089 shares of the company’s stock after acquiring an additional 2,339 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.31% of Cars.com worth $5,989,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARS. Mutual of America Capital Management LLC lifted its stake in Cars.com by 4.7% during the third quarter. Mutual of America Capital Management LLC now owns 60,608 shares of the company’s stock worth $1,613,000 after purchasing an additional 2,705 shares during the last quarter. Commonwealth Bank of Australia purchased a new stake in Cars.com in the second quarter valued at approximately $170,000. Quantbot Technologies LP purchased a new stake in Cars.com in the second quarter valued at approximately $172,000. Public Sector Pension investment Board purchased a new stake in Cars.com in the second quarter valued at approximately $208,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Cars.com in the third quarter valued at approximately $212,000.
CARS has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $32.00 target price on shares of Cars.com in a report on Tuesday, December 19th. Barrington Research boosted their target price on Cars.com from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Finally, Zacks Investment Research lowered Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, November 13th.
Cars.com Inc (NYSE CARS) opened at $29.15 on Thursday. Cars.com Inc has a twelve month low of $19.90 and a twelve month high of $30.30. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.40.
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Cars.com Company Profile
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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