Penske Automotive Group, Inc. (PAG) Reaches $44.64 After 3.00% Up Move; Shorts at Atento S.A. Ordinary Shares (ATTO) Raised By 297.47%

April 23, 2018 - By Marguerite Chambers

Atento S.A. (NYSE:ATTO) Logo

Atento S.A. Ordinary Shares (NYSE:ATTO) had an increase of 297.47% in short interest. ATTO’s SI was 110,100 shares in April as released by FINRA. Its up 297.47% from 27,700 shares previously. With 172,900 avg volume, 1 days are for Atento S.A. Ordinary Shares (NYSE:ATTO)’s short sellers to cover ATTO’s short positions. The SI to Atento S.A. Ordinary Shares’s float is 0.48%. It closed at $7.75 lastly. It is down 6.36% since April 23, 2017 and is downtrending. It has underperformed by 17.91% the S&P500.

The stock of Penske Automotive Group, Inc. (NYSE:PAG) is a huge mover today! The stock increased 1.69% or $0.74 during the last trading session, reaching $44.64. About 144,329 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has declined 7.69% since April 23, 2017 and is downtrending. It has underperformed by 19.24% the S&P500.The move comes after 7 months positive chart setup for the $3.79B company. It was reported on Apr, 23 by Barchart.com. We have $45.98 PT which if reached, will make NYSE:PAG worth $113.79M more.

Among 7 analysts covering Atento (NYSE:ATTO), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Atento had 13 analyst reports since March 9, 2016 according to SRatingsIntel. The stock has “Outperform” rating by Robert W. Baird on Wednesday, March 21. Bank of America downgraded the shares of ATTO in report on Wednesday, March 9 to “Neutral” rating. The stock has “Buy” rating by Robert W. Baird on Friday, October 20. The rating was maintained by Bank of America on Tuesday, July 25 with “Neutral”. ValuEngine downgraded the shares of ATTO in report on Thursday, May 25 to “Hold” rating. The rating was maintained by Robert W. Baird on Sunday, March 18 with “Buy”. The rating was maintained by Barrington Research with “Outperform” on Monday, August 21. On Monday, April 24 the stock rating was initiated by Barrington Research with “Outperform”. On Sunday, September 17 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of Atento S.A. (NYSE:ATTO) has “Outperform” rating given on Wednesday, March 9 by Robert W. Baird.

Atento S.A., together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. The company has market cap of $572.80 million. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services. It currently has negative earnings. The firm serves clients primarily in the telecommunications and financial services sectors; and in multi-sectors, including consumer goods, retail, public administration, healthcare, travel, and transportation and logistics, as well as technology and media.

Analysts await Penske Automotive Group, Inc. (NYSE:PAG) to report earnings on April, 25 before the open. They expect $1.15 EPS, up 18.56% or $0.18 from last year’s $0.97 per share. PAG’s profit will be $97.71M for 9.70 P/E if the $1.15 EPS becomes a reality. After $1.01 actual EPS reported by Penske Automotive Group, Inc. for the previous quarter, Wall Street now forecasts 13.86% EPS growth.

Penske Automotive Group, Inc. operates as a transportation services company. The company has market cap of $3.79 billion. The firm operates through Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments divisions. It has a 6.25 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.

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. Northcoast initiated Penske Automotive Group, Inc. (NYSE:PAG) rating on Thursday, September 28. Northcoast has “Buy” rating and $56.0 target. KeyBanc Capital Markets maintained the shares of PAG in report on Monday, November 13 with “Hold” rating. The firm earned “Sell” rating on Thursday, October 13 by Evercore. The firm has “Buy” rating given on Friday, February 9 by Bank of America. The stock of Penske Automotive Group, Inc. (NYSE:PAG) earned “Hold” rating by KeyBanc Capital Markets on Thursday, August 31. Seaport Global initiated the shares of PAG in report on Tuesday, August 9 with “Neutral” rating. On Thursday, February 2 the stock rating was initiated by Susquehanna with “Positive”. The firm has “Sector Perform” rating given on Tuesday, June 28 by KeyBanc Capital Markets. The rating was upgraded by Gabelli on Friday, April 28 to “Buy”. As per Tuesday, October 3, the company rating was maintained by KeyBanc Capital Markets.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.20, from 1.28 in 2017Q3. It dropped, as 27 investors sold Penske Automotive Group, Inc. 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. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp owns 0.01% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 32,378 shares. Moreover, Citadel Advsrs Limited Liability Company has 0% invested in Penske Automotive Group, Inc. (NYSE:PAG). Susquehanna Limited Liability Partnership reported 26,000 shares. Cooke & Bieler Lp owns 254,579 shares for 0.22% of their portfolio. Oppenheimer And has invested 0.01% in Penske Automotive Group, Inc. (NYSE:PAG). First Midwest Bancshares Division reported 23,452 shares or 0.14% of all its holdings. Canada Pension Plan Board accumulated 0% or 9,800 shares. Cap Research Glob accumulated 300,000 shares. Affinity Advsr Ltd Company holds 0.18% or 33,420 shares in its portfolio. State Of New Jersey Common Pension Fund D holds 0.03% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG) for 154,750 shares. Stifel Financial invested in 37,949 shares. Barclays Public Ltd Co owns 0% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 50,447 shares. Pinnacle Assocs has 0.01% invested in Penske Automotive Group, Inc. (NYSE:PAG). Wealthtrust holds 51 shares or 0% of its portfolio. Armistice Capital Ltd Co has invested 1.01% in Penske Automotive Group, Inc. (NYSE:PAG).

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

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