EMC Capital Management cut its position in Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 93.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,372 shares of the company's stock after selling 19,839 shares during the quarter. EMC Capital Management's holdings in Penske Automotive Group were worth $209,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PAG. GAMMA Investing LLC raised its position in shares of Penske Automotive Group by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company's stock worth $40,000 after buying an additional 81 shares in the last quarter. True Wealth Design LLC raised its position in shares of Penske Automotive Group by 14,833.3% during the 3rd quarter. True Wealth Design LLC now owns 448 shares of the company's stock worth $73,000 after buying an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. raised its position in shares of Penske Automotive Group by 45,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company's stock worth $74,000 after buying an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Penske Automotive Group during the 3rd quarter worth about $94,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Penske Automotive Group during the 3rd quarter worth about $112,000. 77.08% of the stock is currently owned by institutional investors.
Penske Automotive Group Price Performance
Shares of NYSE PAG traded up $4.24 during midday trading on Tuesday, reaching $168.08. The company's stock had a trading volume of 108,401 shares, compared to its average volume of 161,667. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $159.98 and a 200 day moving average price of $159.77. Penske Automotive Group, Inc. has a one year low of $142.32 and a one year high of $179.72. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 12.88 and a beta of 1.20.
Wall Street Analyst Weigh In
Separately, Benchmark assumed coverage on shares of Penske Automotive Group in a research report on Thursday, December 12th. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $170.25.
Read Our Latest Research Report on PAG
Penske Automotive Group Profile
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Free Report)
Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.
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