Renaissance Technologies LLC Has $687,000 Holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Renaissance Technologies LLC cut its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 49.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,100 shares of the company's stock after selling 82,300 shares during the period. Renaissance Technologies LLC owned about 0.31% of Proficient Auto Logistics worth $687,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Proficient Auto Logistics by 12.4% during the fourth quarter. American Century Companies Inc. now owns 1,453,428 shares of the company's stock worth $11,729,000 after purchasing an additional 160,032 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Proficient Auto Logistics by 40.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 498,911 shares of the company's stock worth $7,075,000 after buying an additional 143,697 shares during the period. Geode Capital Management LLC grew its position in shares of Proficient Auto Logistics by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 367,933 shares of the company's stock valued at $2,970,000 after buying an additional 20,181 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Proficient Auto Logistics by 258.1% in the fourth quarter. Franklin Resources Inc. now owns 363,670 shares of the company's stock valued at $2,935,000 after buying an additional 262,123 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Proficient Auto Logistics by 61.1% during the fourth quarter. First Eagle Investment Management LLC now owns 357,748 shares of the company's stock worth $2,887,000 after acquiring an additional 135,720 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PAL. Stifel Nicolaus decreased their target price on shares of Proficient Auto Logistics from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday. Barrington Research reissued an "outperform" rating and set a $15.00 target price on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th.

Proficient Auto Logistics Stock Down 5.2 %

PAL stock traded down $0.42 during mid-day trading on Thursday, reaching $7.70. The company's stock had a trading volume of 73,936 shares, compared to its average volume of 286,433. Proficient Auto Logistics, Inc. has a 12 month low of $6.81 and a 12 month high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $8.80 and its 200 day moving average price is $9.22.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $95.21 million for the quarter, compared to the consensus estimate of $94.65 million. Research analysts expect that Proficient Auto Logistics, Inc. will post 0.34 earnings per share for the current fiscal year.

Proficient Auto Logistics Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.