Channing Capital Management LLC lowered its stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 269,535 shares of the company's stock after selling 6,025 shares during the quarter. Channing Capital Management LLC owned about 1.38% of Asbury Automotive Group worth $65,505,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ABG. SkyView Investment Advisors LLC raised its stake in Asbury Automotive Group by 2.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company's stock worth $506,000 after buying an additional 50 shares during the period. HighTower Advisors LLC raised its stake 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 buying an additional 53 shares during the period. OneDigital Investment Advisors LLC raised its stake in Asbury Automotive Group by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company's stock worth $440,000 after buying an additional 57 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in Asbury Automotive Group by 2.3% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock worth $978,000 after buying an additional 92 shares during the period. Finally, Evergreen Private Wealth LLC raised its stake in shares of 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.
Asbury Automotive Group Stock Up 1.8 %
Shares of NYSE ABG traded up $4.02 during mid-day trading on Friday, hitting $231.04. The company had a trading volume of 282,700 shares, compared to its average volume of 179,972. Asbury Automotive Group, Inc. has a one year low of $202.98 and a one year high of $312.56. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $4.54 billion, a PE ratio of 10.74 and a beta of 1.22. The firm has a 50-day simple moving average of $268.46 and a two-hundred day simple moving average of $250.60.
Insider Transactions at Asbury Automotive Group
In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction 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 $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on ABG. JPMorgan Chase & Co. dropped their price target on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Stephens lifted their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $264.00.
Check Out Our Latest Stock Analysis on ABG
Asbury Automotive Group Profile
(
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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