Dynamic Technology Lab Private Ltd Buys Shares of 4,700 Asbury Automotive Group, Inc. (NYSE:ABG)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,700 shares of the company's stock, valued at approximately $1,142,000.

Several other hedge funds also recently bought and sold shares of ABG. Madison Investment Advisors LLC purchased a new stake in shares of Asbury Automotive Group during the fourth quarter worth about $82,426,000. Norges Bank purchased a new position in shares of Asbury Automotive Group during the fourth quarter valued at about $82,079,000. Artisan Partners Limited Partnership purchased a new stake in shares of Asbury Automotive Group in the fourth quarter worth about $51,118,000. JPMorgan Chase & Co. boosted its stake in Asbury Automotive Group by 18.9% during the fourth quarter. JPMorgan Chase & Co. now owns 186,306 shares of the company's stock valued at $45,278,000 after buying an additional 29,579 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Asbury Automotive Group during the 4th quarter valued at approximately $5,316,000.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group 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 transaction of $361,010.88. Following the sale, the chief operating officer now owns 3,747 shares of the company's stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Asbury Automotive Group Stock Down 0.0 %

Asbury Automotive Group stock traded down $0.03 during midday trading on Friday, hitting $223.69. 64,243 shares of the company's stock were exchanged, compared to its average volume of 197,173. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $312.56. 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 has a market cap of $4.39 billion, a PE ratio of 10.37 and a beta of 1.04. The firm has a 50-day moving average of $255.17 and a two-hundred day moving average of $250.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ABG shares. JPMorgan Chase & Co. dropped 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. Stephens lifted 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. Finally, Craig Hallum lowered shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $263.00.

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.