Bullish Options Activity on Penske Automotive Group, Inc. Surges After Better Fundamentals

 Bullish Options Activity on Penske Automotive Group, Inc. Surges After Better Fundamentals

In today’s session Penske Automotive Group, Inc. (PAG) registered an unusually high (817) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious PAG increase. With 817 contracts traded and 2004 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: PAG170217C00050000 closed last at: $3.7 or 68.2% up. About 26,842 shares traded hands. Penske Automotive Group, Inc. (NYSE:PAG) has risen 36.23% since April 14, 2016 and is uptrending. It has outperformed by 31.55% the S&P500.

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

Out of 4 analysts covering Penske Automotive Group (NYSE:PAG), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Penske Automotive Group has been the topic of 5 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by KeyBanc Capital Markets on Tuesday, June 28. Seaport Global initiated the stock with “Neutral” rating in Tuesday, August 9 report. The firm has “Hold” rating given on Thursday, September 15 by Gabelli. The stock of Penske Automotive Group, Inc. (NYSE:PAG) earned “Sell” rating by Evercore on Thursday, October 13.

According to Zacks Investment Research, “United Auto Group, Inc. is a leading acquirer, consolidator and operator of franchised automobile and light truck dealerships and related businesses. As an integral part of its dealership operations, they also sells used vehicles. All of the franchised dealerships include integrated service and parts operations, which are an important source of recurring revenues. In addition, these dealerships market a complete line of aftermarket automotive products and services through its wholly owned subsidiaries United Auto Care, Inc. and United Auto Care Products, Inc.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.55, from 0.6 in 2016Q1. The ratio increased, as 26 funds sold all Penske Automotive Group, Inc. shares owned while 63 reduced positions. 34 funds bought stakes while 68 increased positions. They now own 33.69 million shares or 0.84% less from 33.98 million shares in 2016Q1.
Fuller & Thaler Asset Incorporated, a California-based fund reported 1,000 shares. Walleye Trading Lc, a Minnesota-based fund reported 7,289 shares. Commonwealth Natl Bank Of Australia owns 10,302 shares or 0% of their US portfolio. Teacher Retirement Sys Of Texas has invested 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Prudential Inc holds 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG) for 59,891 shares. North Star Inv Mngmt, a Illinois-based fund reported 150 shares. Highbridge Limited Liability Com owns 24,919 shares or 0.01% of their US portfolio. Logan Cap Mngmt has 0.04% invested in the company for 16,636 shares. Bb&T Ltd Llc last reported 0.01% of its portfolio in the stock. Cubist Systematic Strategies Ltd Com holds 62,072 shares or 0.11% of its portfolio. Barrow Hanley Mewhinney And Strauss Limited Liability Com accumulated 0% or 44,136 shares. Fin Gp last reported 20,000 shares in the company. Goodnow Investment Group Incorporated Lc has invested 1.63% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Quantbot Limited Partnership accumulated 3,028 shares or 0.01% of the stock. King Luther Capital Corp holds 23,088 shares or 0.01% of its portfolio.

Insider Transactions: Since July 29, 2016, the stock had 18 insider buys, and 1 sale for $226.27 million net activity. PENSKE CORP bought $8.68 million worth of stock or 220,632 shares. Spradlin Shane M. sold 4,900 shares worth $236,719. $27.76M worth of shares were bought by PENSKE ROGER S on Friday, July 29.

Penske Automotive Group, Inc. is a transportation services firm that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The company has a market cap of $4.39 billion. The Firm distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. It has a 12.75 P/E ratio. The Firm operates in three divisions: Retail Automotive, which includes the Company’s retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include its retail commercial vehicle dealership operations, commercial vehicle distribution activities and its investments in non-automotive operations.

PAG Company Profile

Penske Automotive Group, Inc., incorporated on December 6, 1990, is a transportation services firm that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Firm distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Firm operates in three divisions: Retail Automotive, which includes the Company’s retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include the Company’s retail commercial vehicle dealership operations, commercial vehicle distribution activities and its investments in non-automotive operations.

More news for Penske Automotive Group, Inc. (NYSE:PAG) were recently published by: Fool.com, which released: “Foreign Exchange Headwinds Blunt Growth at Penske Automotive Group, Inc.” on October 27, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: J.M. Smucker, Dana and Penske Automotive Group” and published on November 04, 2016 is yet another important article.

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