Quadrature Capital Ltd Sells 4,855 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Quadrature Capital Ltd reduced its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 71.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,965 shares of the company's stock after selling 4,855 shares during the period. Quadrature Capital Ltd's holdings in Asbury Automotive Group were worth $469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Asbury Automotive Group by 1.0% during the second quarter. Arizona State Retirement System now owns 5,141 shares of the company's stock worth $1,171,000 after purchasing an additional 51 shares in the last quarter. Oak Associates Ltd. OH boosted its stake in Asbury Automotive Group by 1.4% in the second quarter. Oak Associates Ltd. OH now owns 3,648 shares of the company's stock valued at $831,000 after acquiring an additional 51 shares in the last quarter. HighTower Advisors LLC grew its position in Asbury Automotive Group by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company's stock worth $409,000 after purchasing an additional 53 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Asbury Automotive Group by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company's stock worth $440,000 after purchasing an additional 57 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in Asbury Automotive Group by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 3,030 shares of the company's stock worth $690,000 after acquiring an additional 66 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stephens assumed coverage on shares of Asbury Automotive Group in a research report on Thursday, September 12th. They issued an "equal weight" rating and a $216.00 target price on the stock. Morgan Stanley raised shares of Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $190.00 to $240.00 in a research report on Wednesday, September 25th. StockNews.com raised shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Seaport Res Ptn downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Craig Hallum increased 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 report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $256.20.

Asbury Automotive Group Stock Performance

NYSE ABG traded down $0.72 during midday trading on Tuesday, hitting $256.54. The company had a trading volume of 79,806 shares, compared to its average volume of 182,602. The firm has a fifty day simple moving average of $244.12 and a two-hundred day simple moving average of $237.91. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a fifty-two week low of $195.09 and a fifty-two week high of $277.13. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 14.59 and a beta of 1.18.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $6.35 EPS for the quarter, missing the consensus estimate of $6.58 by ($0.23). The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.30 billion. Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The firm's revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.12 earnings per share. Equities analysts forecast that Asbury Automotive Group, Inc. will post 25.17 earnings per share for the current fiscal year.

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.