Shares of Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $205.37 and last traded at $212.52, with a volume of 6781 shares. The stock had previously closed at $213.47.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on ABG. Stephens increased their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Craig Hallum lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $263.00.
View Our Latest Stock Report on ABG
Asbury Automotive Group Stock Up 9.8 %
The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The company's fifty day moving average price is $259.22 and its 200-day moving average price is $250.36. The stock has a market cap of $4.55 billion, a P/E ratio of 10.76 and a beta of 1.04.
Insider Transactions at Asbury Automotive Group
In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. This represents a 24.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company's stock.
Institutional Investors Weigh In On Asbury Automotive Group
A number of institutional investors have recently added to or reduced their stakes in ABG. GoodHaven Capital Management LLC purchased a new stake in Asbury Automotive Group during the fourth quarter valued at approximately $2,916,000. Magnolia Group LLC increased its position in shares of Asbury Automotive Group by 2.1% during the fourth quarter. Magnolia Group LLC now owns 149,123 shares of the company's stock worth $36,241,000 after purchasing an additional 3,000 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Asbury Automotive Group by 52.3% during the 4th quarter. Intech Investment Management LLC now owns 7,805 shares of the company's stock valued at $1,897,000 after purchasing an additional 2,680 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Asbury Automotive Group in the 4th quarter worth $221,000. Finally, Charles Schwab Investment Management Inc. increased its position in Asbury Automotive Group by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company's stock valued at $51,465,000 after buying an additional 3,273 shares in the last quarter.
About Asbury Automotive Group
(
Get 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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