Rr Partners LP Has Lowered Its Holding in Asbury Automotive Group (ABG) by $10.18 Million as Valuation Rose; Penske Automotive Grp (PAG) Stock Value Declined While Ksa Capital Management Has Lifted by $470,000 Its Position

April 18, 2018 - By Winifred Garcia

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

Rr Partners Lp decreased its stake in Asbury Automotive Group Inc (ABG) by 53.24% based on its latest 2017Q4 regulatory filing with the SEC. Rr Partners Lp sold 161,600 shares as the company’s stock rose 0.39% while stock markets declined. The institutional investor held 141,954 shares of the automotive aftermarket company at the end of 2017Q4, valued at $9.09 million, down from 303,554 at the end of the previous reported quarter. Rr Partners Lp who had been investing in Asbury Automotive Group Inc for a number of months, seems to be less bullish one the $1.44 billion market cap company. The stock increased 1.40% or $0.95 during the last trading session, reaching $69.05. About 146,882 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 5.55% since April 18, 2017 and is uptrending. It has underperformed by 6.00% the S&P500.

Daniel Khoshaba increased its stake in Penske Automotive Grp Inc (PAG) by 200% based on its latest 2017Q4 regulatory filing with the SEC. Ksa Capital Management Llc bought 10,000 shares as the company’s stock declined 11.64% with the market. The hedge fund run by Daniel Khoshaba held 15,000 shares of the consumer durables company at the end of 2017Q4, valued at $718,000, up from 5,000 at the end of the previous reported quarter. Ksa Capital Management Llc who had been investing in Penske Automotive Grp Inc for a number of months, seems to be bullish on the $3.78 billion market cap company. The stock increased 0.86% or $0.38 during the last trading session, reaching $44.53. About 266,334 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has declined 7.69% since April 18, 2017 and is downtrending. It has underperformed by 19.24% the S&P500.

Ksa Capital Management Llc, which manages about $287.50 million and $51.38 million US Long portfolio, decreased its stake in Manitowoc Inc (NYSE:MTW) by 22,500 shares to 7,500 shares, valued at $295,000 in 2017Q4, according to the filing.

Among 10 analysts covering Penske Automotive Group (NYSE:PAG), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Penske Automotive Group had 15 analyst reports since October 14, 2015 according to SRatingsIntel. Morgan Stanley maintained Penske Automotive Group, Inc. (NYSE:PAG) on Wednesday, March 14 with “Overweight” rating. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, August 31. As per Tuesday, October 3, the company rating was maintained by KeyBanc Capital Markets. As per Monday, November 13, the company rating was maintained by KeyBanc Capital Markets. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Buy” rating given on Friday, April 28 by Gabelli. Northcoast initiated Penske Automotive Group, Inc. (NYSE:PAG) on Thursday, September 28 with “Buy” rating. The stock has “Hold” rating by Gabelli on Thursday, September 15. Guggenheim initiated it with “Buy” rating and $5000 target in Monday, April 16 report. The rating was downgraded by Evercore on Thursday, October 13 to “Sell”. The firm has “Neutral” rating by Seaport Global given on Tuesday, August 9.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.20, from 1.28 in 2017Q3. It dropped, as 27 investors sold PAG shares while 65 reduced holdings. 32 funds opened positions while 67 raised stakes. 34.38 million shares or 0.09% more from 34.35 million shares in 2017Q3 were reported. Oppenheimer & holds 0.01% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG) for 5,252 shares. First Midwest Savings Bank Tru Division holds 0.14% or 23,452 shares in its portfolio. Moreover, Ftb has 0% invested in Penske Automotive Group, Inc. (NYSE:PAG). Private Management Grp Inc owns 536,625 shares for 1.32% of their portfolio. Prudential Plc reported 0.1% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Grantham Mayo Van Otterloo Ltd holds 7,100 shares. Panagora Asset reported 5,040 shares stake. Morgan Stanley reported 695,059 shares stake. Moreover, Bluemountain Capital Management Ltd has 0.03% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 33,516 shares. State Of Alaska Department Of Revenue, Alaska-based fund reported 2,700 shares. First Republic Mngmt, California-based fund reported 5,566 shares. Amalgamated National Bank has 6,816 shares. Goldman Sachs Gp invested in 320,889 shares or 0% of the stock. Assetmark has 5 shares for 0% of their portfolio. Cubist Systematic Strategies Ltd Liability Com has invested 0.05% in Penske Automotive Group, Inc. (NYSE:PAG).

Since October 20, 2017, it had 0 insider purchases, and 1 sale for $50.00 million activity. PENSKE ROGER S also bought $50.00M worth of Penske Automotive Group, Inc. (NYSE:PAG) on Friday, October 20. 1.10 million shares were bought by PENSKE CORP, worth $50.00 million.

Investors sentiment increased to 1.35 in Q4 2017. Its up 0.44, from 0.91 in 2017Q3. It is positive, as 14 investors sold ABG shares while 49 reduced holdings. 32 funds opened positions while 53 raised stakes. 21.54 million shares or 4.16% more from 20.68 million shares in 2017Q3 were reported. Arizona State Retirement Sys accumulated 31,165 shares. Principal Financial Group Incorporated holds 0.01% or 142,558 shares. State Common Retirement Fund accumulated 24,764 shares. Globeflex Capital Limited Partnership has invested 0.38% in Asbury Automotive Group, Inc. (NYSE:ABG). Cornerstone Mngmt Ltd Liability Company invested in 0% or 1,600 shares. Macquarie Gp holds 0.05% in Asbury Automotive Group, Inc. (NYSE:ABG) or 408,947 shares. First Tru LP owns 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 22,320 shares. Old Mutual Customised Solutions (Proprietary) Ltd reported 1,700 shares. Quantitative Inv Mngmt Llc accumulated 6,600 shares. Meeder Asset Mngmt has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 211 shares. Legal & General Grp Public Ltd Llc reported 0% stake. Brown Brothers Harriman holds 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 52 shares. Brandywine Global Investment Mngmt Ltd reported 0.03% in Asbury Automotive Group, Inc. (NYSE:ABG). Numeric Investors Lc has 129,200 shares for 0.06% of their portfolio. Neuberger Berman Group Incorporated Ltd Liability Co holds 0.09% or 1.24 million shares in its portfolio.

Since October 27, 2017, it had 0 buys, and 6 insider sales for $5.40 million activity. REDDIN THOMAS sold 1,500 shares worth $103,500. 1,600 shares were sold by Stax William Frederick, worth $108,304. 3,150 shares were sold by Karolis George, worth $219,051 on Monday, March 12. JAMES JUANITA T sold $66,180 worth of stock or 1,000 shares.

Analysts await Asbury Automotive Group, Inc. (NYSE:ABG) to report earnings on April, 24 before the open. They expect $1.80 earnings per share, up 13.92% or $0.22 from last year’s $1.58 per share. ABG’s profit will be $37.64M for 9.59 P/E if the $1.80 EPS becomes a reality. After $1.81 actual earnings per share reported by Asbury Automotive Group, Inc. for the previous quarter, Wall Street now forecasts -0.55% negative EPS growth.

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

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