Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 57.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673 shares of the company's stock after selling 906 shares during the quarter. Hantz Financial Services Inc.'s holdings in Asbury Automotive Group were worth $164,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ABG. State Street Corp boosted its position in Asbury Automotive Group by 0.5% during the third quarter. State Street Corp now owns 801,391 shares of the company's stock worth $191,204,000 after acquiring an additional 3,672 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake 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 purchasing an additional 148,910 shares during the period. Natixis Advisors LLC acquired a new stake in shares of Asbury Automotive Group during the third quarter worth $26,573,000. International Assets Investment Management LLC purchased a new stake in shares of Asbury Automotive Group in the third quarter valued at $154,270,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Asbury Automotive Group in the third quarter valued at $14,219,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ABG. Bank of America decreased their price target on Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. StockNews.com raised shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Craig Hallum upgraded shares of Asbury Automotive Group from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Finally, Seaport Res Ptn cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $255.20.

Asbury Automotive Group Trading Up 2.9 %

ABG traded up $8.47 during trading on Wednesday, hitting $304.08. 159,093 shares of the company's stock were exchanged, compared to its average volume of 224,578. Asbury Automotive Group, Inc. has a 1 year low of $195.09 and a 1 year high of $312.56. The stock has a 50 day moving average price of $256.13 and a 200 day moving average price of $244.12. The firm has a market cap of $5.96 billion, a P/E ratio of 14.14 and a beta of 1.20. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.

Asbury Automotive Group Profile

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.