Did Hedge Funds Make The Right Call On Penske Automotive Group, Inc. (PAG) ?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards Penske Automotive Group, Inc. (NYSE:PAG) at the end of the first quarter and determine whether the smart money was really smart about this stock.

Penske Automotive Group, Inc. (NYSE:PAG) investors should pay attention to a decrease in support from the world’s most elite money managers of late. Our calculations also showed that PAG isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look

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Edited Transcript of CLF earnings conference call or presentation 20-Feb-20 3:00pm GMT

CLEVELAND Apr 8, 2020 (Thomson StreetEvents) — Edited Transcript of Cleveland-Cliffs Inc earnings conference call or presentation Thursday, February 20, 2020 at 3:00:00pm GMT

* C. Lourenco Goncalves

Cleveland-Cliffs Inc. – Chairman, President & CEO

* Keith A. Koci

Cleveland-Cliffs Inc. – Executive VP & CFO

Citigroup Inc, Research Division – Director & Head of Americas Metals and Mining Sector

B. Riley FBR, Inc., Research Division – Senior VP & Equity Analyst

* Seth R. Rosenfeld

Cowen and Company, LLC, Research Division – VP of Industrials and Metals and Mining and Senior Equity Research Analyst

Good morning, ladies and gentlemen. My name is Christina, and I’m your conference facilitator today. I would like to welcome everyone to Cleveland-Cliffs 2019 Fourth Quarter and Full Year Conference Call. (Operator Instructions)

The company reminds you that certain comments made on today’s call will include predictive statements that are intended to be made as … Read More