Tidal Investments LLC Sells 2,503 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Tidal Investments LLC lowered its stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 45.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,047 shares of the company's stock after selling 2,503 shares during the period. Tidal Investments LLC's holdings in Asbury Automotive Group were worth $727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Asbury Automotive Group in the 3rd quarter valued at about $31,000. Quarry LP bought a new position in shares of Asbury Automotive Group in the 2nd quarter valued at about $38,000. GAMMA Investing LLC grew its stake in Asbury Automotive Group by 34.6% in the third quarter. GAMMA Investing LLC now owns 393 shares of the company's stock valued at $94,000 after purchasing an additional 101 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Asbury Automotive Group during the second quarter worth $155,000. Finally, Headlands Technologies LLC bought a new position in shares of Asbury Automotive Group in the 2nd quarter valued at about $190,000.

Asbury Automotive Group Trading Up 0.8 %

NYSE ABG traded up $1.91 on Friday, hitting $245.77. The company's stock had a trading volume of 658,745 shares, compared to its average volume of 183,984. The firm has a market cap of $4.81 billion, a PE ratio of 13.91 and a beta of 1.18. The company's 50-day moving average is $248.51 and its 200 day moving average is $239.00. 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 1-year low of $195.09 and a 1-year high of $277.13.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on ABG shares. Morgan Stanley raised Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $190.00 to $240.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. lowered their price target 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. Stephens began coverage on Asbury Automotive Group in a research report on Thursday, September 12th. They issued an "equal weight" rating and a $216.00 price target on the stock. StockNews.com raised shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Bank of America reduced their price objective 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. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Asbury Automotive Group presently has an average rating of "Hold" and a consensus price target of $256.20.

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.