American Century Companies Inc. Has $11.73 Million Holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

American Century Companies Inc. boosted its position in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,453,428 shares of the company's stock after purchasing an additional 160,032 shares during the period. American Century Companies Inc. owned approximately 5.38% of Proficient Auto Logistics worth $11,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Proficient Auto Logistics by 53.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,733 shares of the company's stock valued at $1,896,000 after acquiring an additional 46,312 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Proficient Auto Logistics in the 3rd quarter worth approximately $294,000. MetLife Investment Management LLC acquired a new stake in Proficient Auto Logistics during the third quarter valued at approximately $129,000. Walleye Capital LLC boosted its holdings in Proficient Auto Logistics by 48.9% during the third quarter. Walleye Capital LLC now owns 103,391 shares of the company's stock worth $1,466,000 after buying an additional 33,958 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Proficient Auto Logistics in the third quarter worth approximately $152,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PAL shares. Barrington Research reissued an "outperform" rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th. Stifel Nicolaus increased their price target on Proficient Auto Logistics from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday.

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Proficient Auto Logistics Stock Down 10.9 %

Shares of NASDAQ:PAL traded down $0.90 during mid-day trading on Friday, hitting $7.36. The stock had a trading volume of 384,944 shares, compared to its average volume of 282,538. The company's 50 day moving average is $9.88 and its 200-day moving average is $10.35. Proficient Auto Logistics, Inc. has a 12-month low of $7.12 and a 12-month high of $21.01. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.