Brave Asset Management Lowered Devon Energy New (DVN) Stake; Group 1 Automotive, Inc. (GPI) Had 3 Bullish Analysts

February 18, 2018 - By Michael Collier

Among 13 analysts covering Group 1 Automotive (NYSE:GPI), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Group 1 Automotive had 21 analyst reports since September 17, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, November 13 by KeyBanc Capital Markets. The stock has “Hold” rating by Evercore on Wednesday, March 9. The rating was initiated by Susquehanna on Thursday, February 2 with “Neutral”. The firm has “Buy” rating by Bank of America given on Friday, February 9. Stephens maintained the stock with “Hold” rating in Friday, February 9 report. The firm earned “Neutral” rating on Tuesday, January 10 by CL King. KeyBanc Capital Markets maintained the shares of GPI in report on Thursday, August 31 with “Hold” rating. Morgan Stanley maintained Group 1 Automotive, Inc. (NYSE:GPI) rating on Wednesday, April 13. Morgan Stanley has “Underweight” rating and $62 target. The firm has “Equal-Weight” rating given on Wednesday, October 28 by Stephens. The company was upgraded on Wednesday, July 20 by Buckingham Research. See Group 1 Automotive, Inc. (NYSE:GPI) latest ratings:

09/02/2018 Broker: Stephens Rating: Hold New Target: $98.0 Maintain
09/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $103 New Target: $105 Maintain
05/01/2018 Broker: Buckingham Research Rating: Buy Upgrade
13/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
13/11/2017 Broker: Buckingham Research Old Rating: Buy New Rating: Neutral Downgrade
30/10/2017 Broker: Wells Fargo Rating: Market Perform Old Target: $65 New Target: $85 Maintain
04/10/2017 Broker: Berenberg Rating: Hold New Target: $77 Initiates Coverage On
03/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
07/09/2017 Broker: Goldman Sachs Rating: Hold New Target: $67.0 Upgrade
31/08/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain




Brave Asset Management Inc decreased Devon Energy Corp New (DVN) stake by 77.75% reported in 2017Q3 SEC filing. Brave Asset Management Inc sold 44,390 shares as Devon Energy Corp New (DVN)’s stock declined 13.09%. The Brave Asset Management Inc holds 12,700 shares with $466,000 value, down from 57,090 last quarter. Devon Energy Corp New now has $17.93B valuation. The stock decreased 1.81% or $0.63 during the last trading session, reaching $34.11. About 6.75M shares traded or 33.01% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since February 18, 2017 and is uptrending. It has underperformed by 3.46% the S&P500.

The stock decreased 0.20% or $0.15 during the last trading session, reaching $76.1. About 147,751 shares traded. Group 1 Automotive, Inc. (NYSE:GPI) has risen 10.14% since February 18, 2017 and is uptrending. It has underperformed by 6.56% the S&P500.

Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company has market cap of $1.53 billion. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. It has a 7.55 P/E ratio. The firm has activities primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina, and Texas in the United States; 20 towns in the United Kingdom; and in metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.17, from 0.82 in 2017Q2. It improved, as 25 investors sold Group 1 Automotive, Inc. shares while 53 reduced holdings. 28 funds opened positions while 49 raised stakes. 20.26 million shares or 2.16% more from 19.83 million shares in 2017Q2 were reported. State Of Tennessee Treasury Department invested 0.01% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). First Heartland Consultants Incorporated holds 12,800 shares. Hillcrest Asset Ltd Liability Corp reported 4,051 shares. Preferred Ltd holds 0.02% or 401 shares. Pnc Financial Service Inc, a Pennsylvania-based fund reported 567 shares. Guggenheim Ltd Llc has invested 0.01% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). Palisade Cap Mngmt Limited Liability Nj owns 172,552 shares. 1,795 were accumulated by Ameritas Investment. South Dakota Invest Council has 0.03% invested in Group 1 Automotive, Inc. (NYSE:GPI). Eqis Cap Mngmt holds 3,205 shares. Wells Fargo Mn, California-based fund reported 32,534 shares. Pub Employees Retirement Association Of Colorado stated it has 0% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). Citigroup holds 0% or 13,417 shares in its portfolio. Ironwood Invest Management Ltd, Massachusetts-based fund reported 22,220 shares. Next Gp owns 50 shares.

Since September 21, 2017, it had 0 buys, and 10 insider sales for $16.32 million activity. 5,000 Group 1 Automotive, Inc. (NYSE:GPI) shares with value of $401,362 were sold by STRANGE J TERRY. $797,441 worth of Group 1 Automotive, Inc. (NYSE:GPI) shares were sold by Burman Darryl M. $3.14M worth of Group 1 Automotive, Inc. (NYSE:GPI) was sold by HESTERBERG EARL J on Monday, January 8. The insider Rickel John C sold $669,939. Kenningham Daryl also sold $527,143 worth of Group 1 Automotive, Inc. (NYSE:GPI) shares.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.08, from 1.08 in 2017Q2. It dropped, as 55 investors sold DVN shares while 230 reduced holdings. 75 funds opened positions while 209 raised stakes. 396.57 million shares or 0.97% less from 400.45 million shares in 2017Q2 were reported. Moreover, Bancorp Of Mellon Corporation has 0.06% invested in Devon Energy Corporation (NYSE:DVN). Van Den Berg I reported 1.57% in Devon Energy Corporation (NYSE:DVN). Eaton Vance Management holds 0.14% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 1.42M shares. Moreover, Td Mgmt Limited Liability has 0% invested in Devon Energy Corporation (NYSE:DVN) for 201 shares. Murphy Pohlad Asset Mgmt Limited Company stated it has 0.46% in Devon Energy Corporation (NYSE:DVN). 21,594 were reported by Catawba Mgmt Va. Amica Mutual Insur Communications invested 0.1% of its portfolio in Devon Energy Corporation (NYSE:DVN). Patten Gp has 2 shares for 0% of their portfolio. Focused Wealth Mgmt Inc owns 351 shares. Intrust Bank Na accumulated 9,122 shares. Wheatland Advisors Incorporated owns 14,100 shares. Ally Fincl Inc invested in 0.31% or 45,000 shares. Pictet Asset Management holds 0.03% in Devon Energy Corporation (NYSE:DVN) or 273,464 shares. Toronto Dominion Retail Bank reported 224,903 shares. Cleararc Cap, a Ohio-based fund reported 13,513 shares.

Brave Asset Management Inc increased Nuveen Amt Free Qlty Mun Inc (NEA) stake by 116,500 shares to 132,295 valued at $1.83 million in 2017Q3. It also upped Ishares Tr (EEM) stake by 22,491 shares and now owns 44,718 shares. Ishares Tr (PFF) was raised too.

Among 38 analysts covering Devon Energy Corporation (NYSE:DVN), 24 have Buy rating, 0 Sell and 14 Hold. Therefore 63% are positive. Devon Energy Corporation had 117 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Evercore given on Friday, April 15. Jefferies maintained Devon Energy Corporation (NYSE:DVN) rating on Tuesday, October 3. Jefferies has “Hold” rating and $31.0 target. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, June 21. The company was maintained on Sunday, August 27 by BMO Capital Markets. The stock of Devon Energy Corporation (NYSE:DVN) has “Hold” rating given on Tuesday, July 4 by Jefferies. The rating was maintained by Barclays Capital on Friday, February 19 with “Overweight”. The stock has “Buy” rating by Cowen & Co on Tuesday, July 18. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Wunderlich on Wednesday, April 27. Piper Jaffray initiated Devon Energy Corporation (NYSE:DVN) rating on Monday, July 17. Piper Jaffray has “Hold” rating and $4800 target. UBS downgraded the stock to “Sell” rating in Wednesday, October 28 report.

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