Bridgewater Associates LP decreased its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 86.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,825 shares of the company's stock after selling 11,167 shares during the quarter. Bridgewater Associates LP's holdings in Asbury Automotive Group were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Asbury Automotive Group by 7.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,056,825 shares of the company's stock worth $240,818,000 after purchasing an additional 69,975 shares in the last quarter. Eminence Capital LP increased its holdings in Asbury Automotive Group by 41.5% in the second quarter. Eminence Capital LP now owns 498,542 shares of the company's stock valued at $113,603,000 after buying an additional 146,246 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Asbury Automotive Group by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 197,765 shares of the company's stock worth $45,065,000 after acquiring an additional 7,754 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Asbury Automotive Group by 366.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company's stock worth $45,233,000 after buying an additional 148,910 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new stake in Asbury Automotive Group in the third quarter valued at $26,573,000.
Asbury Automotive Group Trading Up 0.1 %
Shares of ABG stock traded up $0.33 on Tuesday, reaching $265.35. 272,311 shares of the stock were exchanged, compared to its average volume of 183,786. The firm has a 50 day moving average of $241.65 and a two-hundred day moving average of $237.04. Asbury Automotive Group, Inc. has a 1-year low of $195.09 and a 1-year high of $277.13. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The stock has a market cap of $5.20 billion, a P/E ratio of 15.00 and a beta of 1.18.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the firm posted $8.12 EPS. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, research analysts anticipate that Asbury Automotive Group, Inc. will post 25.17 EPS for the current year.
Analyst Ratings Changes
Several research analysts have issued reports on ABG shares. JPMorgan Chase & Co. lowered their price objective on shares of Asbury Automotive Group from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Craig Hallum upped their price target on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. StockNews.com raised Asbury Automotive Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Morgan Stanley upgraded shares of Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $190.00 to $240.00 in a research report on Wednesday, September 25th. Finally, Seaport Res Ptn lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $256.20.
Read Our Latest Report on ABG
About Asbury Automotive Group
(
Free Report)
Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.
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