What’s Penske Automotive Group Inc (NYSE:PAG) Upside After This Short Interest Increase?

August 9, 2018 - By Catherine Diaz

Penske Automotive Group, Inc. (NYSE:PAG) Logo

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.18, from 1.08 in 2017Q4. It turned negative, as 29 investors sold Penske Automotive Group, Inc. shares while 72 reduced holdings. 36 funds opened positions while 55 raised stakes. 35.06 million shares or 1.98% more from 34.38 million shares in 2017Q4 were reported.
Guggenheim Cap Limited Liability invested in 0.01% or 46,855 shares. Gsa Cap Llp holds 0.03% or 13,010 shares in its portfolio. Gilder Gagnon Howe Communications Ltd holds 0.04% in Penske Automotive Group, Inc. (NYSE:PAG) or 75,688 shares. Markel has 72,000 shares for 0.06% of their portfolio. Amp Cap owns 0% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 11,651 shares. Freestone Capital Ltd Liability Corp reported 13,218 shares. The Michigan-based Comerica Bancorporation has invested 0.02% in Penske Automotive Group, Inc. (NYSE:PAG). Aqr Capital Mngmt Ltd Co reported 180,273 shares. Horizon Kinetics Ltd Liability Corporation holds 0.02% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG) for 18,916 shares. Moreover, London Of Virginia has 0.86% invested in Penske Automotive Group, Inc. (NYSE:PAG). Wealthtrust owns 51 shares. 280,000 are owned by Gam Hldgs Ag. Bokf Na has invested 0.01% in Penske Automotive Group, Inc. (NYSE:PAG). Paragon Limited holds 6,255 shares or 0.12% of its portfolio. Manufacturers Life Insurance The has 2,488 shares for 0% of their portfolio.

Since March 27, 2018, it had 1 buy, and 3 sales for $50.15 million activity. 5,000 shares valued at $242,886 were sold by MCWATERS KIMBERLY J on Friday, June 1. $103,953 worth of Penske Automotive Group, Inc. (NYSE:PAG) shares were sold by Spradlin Shane M.. Shares for $194,056 were bought by THOMPSON H BRIAN.

The stock of Penske Automotive Group Inc (NYSE:PAG) registered an increase of 10.22% in short interest. PAG’s total short interest was 4.65M shares in August as published by FINRA. Its up 10.22% from 4.22 million shares, reported previously. With 473,200 shares average volume, it will take short sellers 10 days to cover their PAG’s short positions. The short interest to Penske Automotive Group Inc’s float is 13.15%.

The stock decreased 1.37% or $0.72 during the last trading session, reaching $51.81. About 301,237 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has risen 13.29% since August 9, 2017 and is uptrending. It has outperformed by 0.72% the S&P500.

Penske Automotive Group, Inc. operates as a transportation services company. The company has market cap of $4.40 billion. The firm operates through Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments divisions. It has a 6.65 P/E ratio. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

Penske Automotive Group, Inc. (NYSE:PAG) Ratings Coverage

Among 2 analysts covering Penske Automotive Group (NYSE:PAG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Penske Automotive Group has $54 highest and $5000 lowest target. $52’s average target is 0.37% above currents $51.81 stock price. Penske Automotive Group had 2 analyst reports since March 14, 2018 according to SRatingsIntel. Morgan Stanley maintained Penske Automotive Group, Inc. (NYSE:PAG) on Wednesday, March 14 with “Overweight” rating. Guggenheim initiated the stock with “Buy” rating in Monday, April 16 report.

More important recent Penske Automotive Group, Inc. (NYSE:PAG) news were published by: Prnewswire.com which released: “Penske Automotive Increases Dividend” on July 18, 2018, also Seekingalpha.com published article titled: “Auto retailers spin out after Sonic warning”, Benzinga.com published: “Earnings Scheduled For July 26, 2018” on July 26, 2018. More interesting news about Penske Automotive Group, Inc. (NYSE:PAG) was released by: Nasdaq.com and their article: “4 Top Ranked Value Stocks to Buy for July 16th” with publication date: July 16, 2018.

Penske Automotive Group, Inc. (NYSE:PAG) Institutional Positions Chart

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