First Eagle Investment Management LLC Trims Stock Holdings in Proficient Auto Logistics, Inc. $PAL

First Eagle Investment Management LLC lessened its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 68.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 165,469 shares of the company’s stock after selling 351,004 shares during the period. First Eagle Investment Management LLC’s holdings in Proficient Auto Logistics were worth $1,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PAL. Jones Financial Companies Lllp purchased a new stake in shares of Proficient Auto Logistics during the first quarter valued at $73,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Proficient Auto Logistics by 44.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after buying an additional 3,866 shares during the period. PharVision Advisers LLC bought a new stake in Proficient Auto Logistics during the 2nd quarter valued at about $162,000. Sender Co & Partners Inc. purchased a new stake in Proficient Auto Logistics in the 2nd quarter valued at about $189,000. Finally, Bridgeway Capital Management LLC bought a new position in Proficient Auto Logistics in the 2nd quarter worth about $189,000.

Proficient Auto Logistics Trading Down 6.0%

NASDAQ:PAL opened at $7.04 on Friday. The firm has a 50-day simple moving average of $9.08 and a 200-day simple moving average of $8.16. Proficient Auto Logistics, Inc. has a one year low of $5.76 and a one year high of $10.97. The firm has a market cap of $195.92 million, a P/E ratio of -5.77, a P/E/G ratio of 2.32 and a beta of 2.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PAL shares. Barrington Research reaffirmed an “outperform” rating and set a $12.00 price target on shares of Proficient Auto Logistics in a research note on Tuesday. Stifel Nicolaus reduced their price objective on Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Proficient Auto Logistics has a consensus rating of “Hold” and a consensus price target of $11.00.

About Proficient Auto Logistics

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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.