Bank of Montreal Can Buys 26,657 Shares of Autohome Inc. (NYSE:ATHM)

Bank of Montreal Can raised its stake in shares of Autohome Inc. (NYSE:ATHM) by 33.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,514 shares of the information services provider’s stock after purchasing an additional 26,657 shares during the quarter. Bank of Montreal Can owned 0.09% of Autohome worth $3,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd increased its stake in shares of Autohome by 1.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after buying an additional 394 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Autohome by 948.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider’s stock worth $2,594,000 after buying an additional 71,923 shares during the period. M&G PLC grew its position in shares of Autohome by 9.6% in the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after buying an additional 296,107 shares during the period. Van ECK Associates Corp boosted its stake in Autohome by 31.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock worth $304,000 after purchasing an additional 2,212 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Autohome by 106.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider’s stock worth $22,284,000 after purchasing an additional 351,789 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.

Autohome Stock Performance

Shares of Autohome stock opened at $27.99 on Thursday. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The company has a market capitalization of $3.39 billion, a PE ratio of 13.93 and a beta of 0.20. The company has a 50-day simple moving average of $29.62 and a two-hundred day simple moving average of $27.52.

Autohome declared that its Board of Directors has authorized a stock buyback program on Wednesday, September 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Autohome Increases Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a yield of 5.8%. This is a positive change from Autohome’s previous Variable dividend of $0.57. Autohome’s dividend payout ratio is currently 83.58%.

Wall Street Analyst Weigh In

ATHM has been the topic of several research analyst reports. Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. CLSA cut shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autohome presently has an average rating of “Hold” and an average target price of $28.00.

Autohome Company Profile

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.