Weiss Ratings Reaffirms “Hold (C)” Rating for Autohome (NYSE:ATHM)

Autohome (NYSE:ATHM)‘s stock had its “hold (c)” rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Autohome Stock Performance

NYSE:ATHM opened at $27.82 on Wednesday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 16.36 and a beta of 0.09. Autohome has a 52-week low of $23.39 and a 52-week high of $32.94. The stock has a fifty day moving average of $28.74 and a 200 day moving average of $27.14.

Hedge Funds Weigh In On Autohome

A number of institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its holdings in shares of Autohome by 7.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 84,261 shares of the information services provider’s stock worth $2,406,000 after buying an additional 5,826 shares during the last quarter. Marex Group plc bought a new stake in shares of Autohome during the 2nd quarter worth $1,290,000. Headlands Technologies LLC raised its position in Autohome by 8,115.7% during the second quarter. Headlands Technologies LLC now owns 7,312 shares of the information services provider’s stock valued at $189,000 after purchasing an additional 7,223 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Autohome by 24.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 161,171 shares of the information services provider’s stock valued at $4,165,000 after purchasing an additional 31,217 shares in the last quarter. Finally, Vident Advisory LLC purchased a new stake in Autohome during the second quarter valued at about $331,000. Institutional investors own 63.08% of the company’s stock.

About Autohome

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.