Td Asset Management Trimmed Its B2gold (BTG) Holding by $2.56 Million; Stock Declined; As Penske Auto Group (PAG) Stock Declined, Capital Research Global Investors Has Cut Its Holding

May 6, 2018 - By Louis Casey

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

Td Asset Management Inc decreased its stake in B2gold Corp (BTG) by 12.27% based on its latest 2017Q4 regulatory filing with the SEC. Td Asset Management Inc sold 853,200 shares as the company’s stock declined 6.46% with the market. The institutional investor held 6.10 million shares of the precious metals company at the end of 2017Q4, valued at $18.89M, down from 6.95 million at the end of the previous reported quarter. Td Asset Management Inc who had been investing in B2gold Corp for a number of months, seems to be less bullish one the $2.78 billion market cap company. The stock decreased 0.70% or $0.02 during the last trading session, reaching $2.83. About 1.38 million shares traded. B2Gold Corp. (NYSEMKT:BTG) has declined 7.41% since May 6, 2017 and is downtrending. It has underperformed by 18.96% the S&P500.

Capital Research Global Investors decreased its stake in Penske Auto Group Inc (PAG) by 50% based on its latest 2017Q4 regulatory filing with the SEC. Capital Research Global Investors sold 300,000 shares as the company’s stock declined 11.64% with the market. The institutional investor held 300,000 shares of the consumer durables company at the end of 2017Q4, valued at $14.36M, down from 600,000 at the end of the previous reported quarter. Capital Research Global Investors who had been investing in Penske Auto Group Inc for a number of months, seems to be less bullish one the $3.98B market cap company. It closed at $46.84 lastly. It is down 7.69% since May 6, 2017 and is downtrending. It has underperformed by 19.24% the S&P500.

Td Asset Management Inc, which manages about $16.26B and $68.64B US Long portfolio, upped its stake in Iamgold Corp (NYSE:IAG) by 206,900 shares to 3.20M shares, valued at $18.69M in 2017Q4, according to the filing. It also increased its holding in Stryker Corp (NYSE:SYK) by 11,333 shares in the quarter, for a total of 537,087 shares, and has risen its stake in Silgan Holdings Inc (NASDAQ:SLGN).

Another recent and important B2Gold Corp. (NYSEAMERICAN:BTG) news was published by Investorplace.com which published an article titled: “10 Cheap Stocks for Less Than the Price of a Netflix Subscription” on April 13, 2018.

Analysts await B2Gold Corp. (NYSEAMERICAN:BTG) to report earnings on May, 10 before the open. They expect $0.06 EPS, up 200.00% or $0.04 from last year’s $0.02 per share. BTG’s profit will be $58.88M for 11.79 P/E if the $0.06 EPS becomes a reality. After $0.01 actual EPS reported by B2Gold Corp. for the previous quarter, Wall Street now forecasts 500.00% EPS growth.

More news for Penske Automotive Group, Inc. (NYSE:PAG) were recently published by: Seekingalpha.com, which released: “Ryder System – Good Dividend, Bad Industry” on April 30, 2018. Seekingalpha.com‘s article titled: “Penske Automotive Group’s (PAG) CEO Roger Penske on Q1 2018 Results – Earnings Call Transcript” and published on April 26, 2018 is yet another important article.

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. The rating was downgraded by Gabelli to “Hold” on Thursday, September 15. The company was downgraded on Tuesday, June 28 by KeyBanc Capital Markets. As per Friday, April 28, the company rating was upgraded by Gabelli. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, November 13. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Sell” rating given on Thursday, October 13 by Evercore. The rating was maintained by Morgan Stanley on Wednesday, March 14 with “Overweight”. The stock has “Neutral” rating by Seaport Global on Tuesday, August 9. KeyBanc Capital Markets maintained the stock with “Hold” rating in Thursday, August 31 report. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Buy” rating given on Monday, April 16 by Guggenheim. The firm has “Hold” rating given on Tuesday, October 3 by KeyBanc Capital Markets.

Since March 27, 2018, it had 0 insider purchases, and 1 insider sale for $50.00 million activity.

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

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