Parametrica Management Ltd adds Penske Automotive Group (PAG) to its portfolio

Penske Automotive Group (PAG) : Parametrica Management Ltd added new position in Penske Automotive Group during the most recent quarter end. The investment management firm now holds 23,929 shares of Penske Automotive Group which is valued at $859,530 , the company said in a statement filed on Jul 22, 2016 with the SEC.Penske Automotive Group makes up approximately 1.23% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Mercer Capital Advisers reduced its stake in PAG by selling 105 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 14,290 shares of PAG which is valued at $513,297. Penske Automotive Group makes up approx 0.41% of Mercer Capital Advisers’s portfolio. Simplex Trading added PAG to its portfolio by purchasing 1,516 company shares during the most recent quarter which is valued at $53,575. Penske Automotive Group makes up approx 0.01% of Simplex Trading’s portfolio. Fenimore Asset Management Inc added PAG to its portfolio by purchasing 156,275 company shares during the most recent quarter which is valued at $5,197,707. Penske Automotive Group makes up approx 0.25% of Fenimore Asset Management Inc’s portfolio.Fruth Investment Management reduced its stake in PAG by selling 500 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 9,900 shares of PAG which is valued at $329,274. Penske Automotive Group makes up approx 0.16% of Fruth Investment Management’s portfolio.

Penske Automotive Group opened for trading at $37.25 and hit $39.79 on the upside on Friday, eventually ending the session at $39.62, with a gain of 6.73% or 2.5 points. The heightened volatility saw the trading volume jump to 18,52,779 shares. Company has a market cap of $3,380 M.

On the company’s financial health, Penske Automotive Group reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.09. The company had revenue of $5254.10 million for the quarter, compared to analysts expectations of $5189.47 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Penske Automotive Group. Penske Automotive Group was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jun 28, 2016.

Penske Automotive Group Inc. is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles diesel engines gas engines power systems and related parts and services in Australia and New Zealand. The Company operates in two segments: Retail Automotive which includes the Company’s retail automotive dealership operations and Other which include the Company’s retail commercial vehicle dealership operations commercial vehicle distribution operations and its investments in non-automotive retail operations. The individual dealership operations of Retail Automotive segment operates in four geographic regions: Eastern Central Western United States and International. As of December 31 2014 the Company operated 327 automotive retail franchises of which 179 franchises are located in the United States and 148 franchises are located outside of the United States.

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