Royal Bank of Canada Cuts Stake in Group 1 Automotive by 30% in Q1

Royal Bank of Canada decreased its position in Group 1 Automotive by 30.0% during the first quarter, according to a recent disclosure with the Securities & Exchange Commission.

The firm owned 12,306 shares of the company's stock after selling 5,267 shares during the quarter. Royal Bank of Canada owned 0.10% of Group 1 Automotive worth $4,069,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Group 1 Automotive by 3.0% in the first quarter. Millennium Management LLC lifted its stake in Group 1 Automotive by 20.3% during the 1st quarter.

Group 1 Automotive's stock has a market capitalization of $3.15 billion, and analysts expect it to post $39.37 earnings per share for the current fiscal year.