Penske Automotive Group, Inc. (PAG) Reaches $45.89 Formed H&S; Contour Asset Management Trimmed Its Logmein (LOGM) Stake

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Contour Asset Management Llc decreased Logmein Inc (LOGM) stake by 69.14% reported in 2017Q4 SEC filing. Contour Asset Management Llc sold 406,481 shares as Logmein Inc (LOGM)’s stock rose 1.31%. The Contour Asset Management Llc holds 181,439 shares with $20.78 million value, down from 587,920 last quarter. Logmein Inc now has $5.78B valuation. The stock increased 0.36% or $0.4 during the last trading session, reaching $110.6. About 536,538 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 20.98% since May 2, 2017 and is uptrending. It has outperformed by 9.43% the S&P500.

Penske Automotive Group, Inc. (PAG) formed H&S with $44.05 target or 4.00% below today’s $45.89 share price. Penske Automotive Group, Inc. (PAG) has $3.90 billion valuation. The stock increased 1.75% or $0.79 during the last trading session, reaching $45.89. About 338,727 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has declined 7.69% since May 2, 2017 and is downtrending. It has underperformed by 19.24% the S&P500.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.20, from 1.28 in 2017Q3. It turned negative, 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. Comerica Financial Bank owns 0.02% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 60,377 shares. Metropolitan Life Insurance reported 0% in Penske Automotive Group, Inc. (NYSE:PAG). Pub Employees Retirement Association Of Colorado reported 0% in Penske Automotive Group, Inc. (NYSE:PAG). Teacher Retirement Of Texas invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). State Street owns 667,968 shares for 0% of their portfolio. Victory stated it has 637,110 shares or 0.06% of all its holdings. Retail Bank Of New York Mellon Corp has 0.01% invested in Penske Automotive Group, Inc. (NYSE:PAG). Connors Investor Svcs Inc holds 1.64% or 238,724 shares in its portfolio. North Star stated it has 150 shares or 0% of all its holdings. Fiduciary Mgmt Wi invested 0.52% in Penske Automotive Group, Inc. (NYSE:PAG). 105,556 were accumulated by Millennium Mngmt Llc. Blackrock holds 3.73M shares or 0.01% of its portfolio. State Common Retirement Fund accumulated 0.01% or 124,889 shares. Stone Ridge Asset Management Limited Liability holds 0.03% or 9,630 shares in its portfolio. Gradient Lc has 297 shares.

Since March 27, 2018, it had 0 insider purchases, and 1 sale for $50.00 million activity. On Tuesday, March 27 the insider MITSUI & CO LTD sold $50.00 million.

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 has $68 highest and $48 lowest target. $55.43’s average target is 20.79% above currents $45.89 stock price. Penske Automotive Group had 15 analyst reports since October 14, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 31 by KeyBanc Capital Markets. Susquehanna initiated the stock with “Positive” rating in Thursday, February 2 report. The stock of Penske Automotive Group, Inc. (NYSE:PAG) earned “Sector Perform” rating by KeyBanc Capital Markets on Tuesday, June 28. Bank of America maintained it with “Buy” rating and $60 target in Friday, February 9 report. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Buy” rating given on Friday, April 28 by Gabelli. Evercore downgraded Penske Automotive Group, Inc. (NYSE:PAG) on Thursday, October 13 to “Sell” rating. The stock of Penske Automotive Group, Inc. (NYSE:PAG) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, October 3. The rating was downgraded by Gabelli on Thursday, September 15 to “Hold”. Seaport Global initiated the stock with “Neutral” rating in Tuesday, August 9 report. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, March 14.

Among 14 analysts covering LogMeIn (NASDAQ:LOGM), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. LogMeIn had 52 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $140.0 target in Sunday, September 3 report. The firm earned “Hold” rating on Wednesday, August 9 by Oppenheimer. Needham maintained it with “Strong-Buy” rating and $84 target in Thursday, September 3 report. The company was upgraded on Friday, April 7 by Cowen & Co. The firm earned “Neutral” rating on Thursday, December 8 by Robert W. Baird. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. Barclays Capital maintained LogMeIn, Inc. (NASDAQ:LOGM) rating on Friday, April 27. Barclays Capital has “Overweight” rating and $132 target. Needham maintained the stock with “Strong Buy” rating in Friday, October 14 report. The rating was initiated by Piper Jaffray on Friday, June 23 with “Buy”. RBC Capital Markets maintained LogMeIn, Inc. (NASDAQ:LOGM) on Friday, October 23 with “Outperform” rating.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.26, from 1.33 in 2017Q3. It worsened, as 44 investors sold LOGM shares while 110 reduced holdings. 53 funds opened positions while 112 raised stakes. 51.12 million shares or 0.18% more from 51.03 million shares in 2017Q3 were reported. Renaissance Grp Ltd invested 0.01% in LogMeIn, Inc. (NASDAQ:LOGM). 4,263 are held by Hightower Advsr Limited Liability. Alyeska Limited Partnership holds 1.14M shares. Ami Asset reported 0.14% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Citigroup Inc holds 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 12,225 shares. Rk Mgmt Lc owns 108,816 shares. Champlain Inv Prtn Lc holds 1.36 million shares or 1.77% of its portfolio. 1,971 are held by First Citizens National Bank & Tru Co. The United Kingdom-based Legal And General Gru Plc has invested 0% in LogMeIn, Inc. (NASDAQ:LOGM). Stifel Fincl Corporation invested in 0% or 10,645 shares. Johnson Fincl Gru Incorporated owns 3 shares. Raymond James & Assocs, Florida-based fund reported 76,903 shares. D E Shaw Co has invested 0.01% in LogMeIn, Inc. (NASDAQ:LOGM). Thompson Siegel Walmsley holds 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 39 shares. Light Street Capital Mngmt Ltd Liability Corp holds 1.62% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 130,593 shares.

Contour Asset Management Llc increased Symantec Corp (NASDAQ:SYMC) stake by 3.41 million shares to 3.98 million valued at $111.73 million in 2017Q4. It also upped Lions Gate Entmnt Corp stake by 532,487 shares and now owns 2.05 million shares. Broadcom Ltd (Call) was raised too.

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