Brandywine Global Investment Management LLC cut its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,171 shares of the company's stock after selling 2,818 shares during the period. Brandywine Global Investment Management LLC owned 0.35% of Asbury Automotive Group worth $16,568,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ABG. CIBC Private Wealth Group LLC lifted its holdings in Asbury Automotive Group by 9.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock worth $117,000 after purchasing an additional 41 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Asbury Automotive Group by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company's stock valued at $506,000 after acquiring an additional 50 shares during the period. HighTower Advisors LLC increased its position in Asbury Automotive Group by 3.2% during the third quarter. HighTower Advisors LLC now owns 1,720 shares of the company's stock worth $409,000 after acquiring an additional 53 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in Asbury Automotive Group by 2.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock valued at $978,000 after purchasing an additional 92 shares during the period. Finally, Evergreen Private Wealth LLC boosted its holdings in Asbury Automotive Group by 0.7% in the 4th quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company's stock valued at $4,040,000 after purchasing an additional 119 shares during the period.
Insider Transactions at Asbury Automotive Group
In other news, COO Daniel Clara sold 1,217 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.53% of the company's stock.
Asbury Automotive Group Price Performance
Shares of ABG traded down $1.85 during midday trading on Friday, hitting $211.62. The company's stock had a trading volume of 549,616 shares, compared to its average volume of 194,240. 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 one year low of $205.37 and a one year high of $312.56. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.84 and a beta of 1.22. The company's fifty day simple moving average is $262.92 and its two-hundred day simple moving average is $250.43.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Stephens increased their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Asbury Automotive Group currently has an average rating of "Hold" and an average target price of $263.00.
Check Out Our Latest Research 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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