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Main » Cubist Systematic Strategies LLC Lowers Position in Penske Automotive Group, Inc. (PAG)

Cubist Systematic Strategies LLC Lowers Position in Penske Automotive Group, Inc. (PAG)

12 January 2018

633,000 shares of the stock traded hands, compared to its average volume of 554,500. The stock has a market cap of $4,161.47, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.64 and a beta of 1.46. About 565,908 shares traded or 21.91% up from the average. SeaChange International, Inc. (NASDAQ:SEAC) has declined 23.46% since January 10, 2017 and is downtrending. It has underperformed by 12.65% the S&P500. Tiaa Cref Invest Ltd Company stated it has 0% of its portfolio in Penske Automotive Group, Inc. The institutional investor held 245,977 shares of the major chemicals company at the end of 2017Q3, valued at $22.26M, up from 219,438 at the end of the previous reported quarter.

Penske Automotive Group, Inc is an global transportation services company. The stock decreased 0.90% or $0.66 during the last trading session, reaching $72.79.

On average, analysts expect that Penske Automotive Group will report full year earnings of $4.30 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.40. (NYSE:PAG) has risen 20.45% since January 9, 2017 and is uptrending. It has outperformed by 3.75% the S&P500. Therefore 57% are positive. Berenberg Bank initiated coverage on Penske Automotive Group in a research note on Wednesday, October 4th. The company presently has a consensus rating of "Hold" and a consensus price target of $55.71. Northcoast Research started coverage on Penske Automotive Group in a research note on Thursday, September 28th. Finally, ValuEngine upgraded Penske Automotive Group from a "hold" rating to a "buy" rating in a report on Friday, December 1st. The firm has "Hold" rating given on Monday, November 13 by KeyBanc Capital Markets. The firm has "Buy" rating given on Friday, August 7 by Suntrust Robinson. Gabelli boosted their price objective on Penske Automotive Group from $68.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, October 26th. The firm earned "Hold" rating on Thursday, August 31 by KeyBanc Capital Markets. The firm has "Sector Perform" rating by KeyBanc Capital Markets given on Tuesday, June 28. The rating was downgraded by Evercore on Thursday, October 13 to "Sell". On Thursday, February 2 the stock rating was initiated by Susquehanna with "Positive".

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.49, from 1.32 in 2017Q2. It also reduced its holding in Epr Pptys (NYSE:EPR) by 15,000 shares in the quarter, leaving it with 15,000 shares, and cut its stake in Integrated Device Technology (NASDAQ:IDTI). (NYSE:PAG) by 39.1% during the third quarter, reports. Following the completion of the transaction, the chief financial officer now owns 24,844 shares in the company, valued at approximately $1,147,792.80. Bruni J V & Company bought 41,732 shares as the company's stock declined 16.17% while stock markets rallied. (NYSE:PAG) for 6,957 shares. Palladium Ptnrs Lc holds 1.18% or 170,330 shares. Penske Automotive Group earned a news impact score of 0.27 on Accern's scale. Bluecrest Cap Limited holds 0.01% or 6,660 shares in its portfolio. Ftb Inc reported 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Federated Pa reported 0% of its portfolio in Penske Automotive Group, Inc. Pnc Financial Serv Group holds 8,741 shares or 0% of its portfolio. Gotham Asset Mngmt Ltd Limited Liability Company, a New York-based fund reported 32,132 shares. Wasatch Advsr Inc holds 0.01% or 11,232 shares in its portfolio.

Meyer Handelman Comm has invested 0.04% in Albemarle Corporation (NYSE:ALB). Lpl Llc reported 44,028 shares. California State Teachers Retirement Systems holds 0.01% or 66,505 shares.

Since August 9, 2017, it had 2 insider buys, and 2 insider sales for $49.79 million activity.

Penske Automotive Group declared that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $200.00 million in shares. Pacer Advisors Inc. now owns 5,854 shares of the company's stock worth $257,000 after purchasing an additional 624 shares during the period. (NYSE:PAG) shares. 1.10M shares valued at $50.00M were bought by PENSKE CORP on Friday, October 20.

Among 26 analysts covering F&M Bank (NYSE:F), 9 have Buy rating, 3 Sell and 14 Hold. Therefore 90% are positive.

PAG has been the topic of a number of analyst reports. The rating was maintained by Robert W. Baird with "Buy" on Tuesday, November 7. On Friday, August 4 the stock rating was downgraded by Nomura to "Neutral". The rating was initiated by Jefferies with "Buy" on Thursday, October 13. They issued a "buy" rating and a $56.00 price target for the company. The company was maintained on Friday, June 16 by Jefferies. The firm has "Buy" rating given on Wednesday, January 10 by Maxim Group. Its down 0.11, from 1.08 in 2017Q2. 54 funds opened positions while 81 raised stakes. (NYSE:FBC) to report earnings on January, 23. Voloridge Invest Mngmt Lc has invested 0.59% in Albemarle Corporation (NYSE:ALB).

Several other institutional investors and hedge funds also recently bought and sold shares of PAG. Raymond James And Assoc reported 34,448 shares or 0% of all its holdings. 17,974 were accumulated by Asset Management One Communications Limited. 374,527 are held by Usca Ria Ltd Liability. Jefferies maintained the shares of HSIC in report on Wednesday, September 27 with "Hold" rating. Ontario Teachers Pension Plan Board holds 594,964 shares. Hanseatic Mgmt Inc owns 9,927 shares or 1.54% of their U.S. portfolio. Cambiar Invsts Limited Co reported 291,868 shares or 0.22% of all its holdings. The Iowa-based Principal has invested 0.02% in Dave & Buster's Entertainment, Inc. Glenmede Na invested 0.05% in Eastman Chemical Company (NYSE:EMN). Renaissance Tech Limited Liability Corp owns 211,700 shares. Moreover, Partnervest Advisory Ltd Llc has 0.09% invested in Ford Motor Company (NYSE:F).

Among 19 analysts covering Henry Schein Inc. The Generation Investment Management Llp holds 1.67 million shares with $136.75 million value, up from 649,491 last quarter. It has a 12.49 P/E ratio. After $0.43 actual earnings per share reported by Ford Motor Company for the previous quarter, Wall Street now forecasts 2.33% EPS growth.