Penske Automotive Group, Inc. (NYSE:PAG) Shares Sold by Private Management Group Inc.

Private Management Group Inc. decreased its position in Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 187,430 shares of the company's stock after selling 2,221 shares during the period. Private Management Group Inc. owned 0.28% of Penske Automotive Group worth $28,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Penske Automotive Group by 44.8% in the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company's stock worth $40,000 after buying an additional 81 shares during the period. True Wealth Design LLC raised its holdings in shares of Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company's stock valued at $73,000 after acquiring an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in Penske Automotive Group by 45,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company's stock worth $74,000 after acquiring an additional 453 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Penske Automotive Group during the 3rd quarter worth about $94,000. Finally, Capital Performance Advisors LLP purchased a new position in Penske Automotive Group during the 3rd quarter valued at about $112,000. Institutional investors own 77.08% of the company's stock.

Penske Automotive Group Stock Down 1.3 %

PAG traded down $2.25 on Friday, hitting $165.82. The company had a trading volume of 174,432 shares, compared to its average volume of 153,292. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 12.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. The stock has a fifty day moving average price of $160.09 and a 200-day moving average price of $160.06. Penske Automotive Group, Inc. has a 12-month low of $142.32 and a 12-month high of $179.72.

Wall Street Analysts Forecast Growth

Separately, Benchmark began coverage on shares of Penske Automotive Group in a research report on Thursday, December 12th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $170.25.

Penske Automotive Group Profile

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.