Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 908 shares of the company's stock, valued at approximately $221,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Asbury Automotive Group during the third quarter worth about $31,000. Quarry LP acquired a new stake in shares of Asbury Automotive Group in the second quarter valued at approximately $38,000. GAMMA Investing LLC increased its holdings in shares of 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. Nisa Investment Advisors LLC increased its holdings in shares of Asbury Automotive Group by 17.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company's stock valued at $204,000 after purchasing an additional 123 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in shares of Asbury Automotive Group in the third quarter valued at approximately $222,000.
Analyst Ratings Changes
A number of brokerages recently weighed in on ABG. Seaport Res Ptn lowered shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Bank of America reduced their price objective on shares of 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. JPMorgan Chase & Co. reduced their price objective on shares of 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 raised their price objective on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $255.20.
Check Out Our Latest Research Report on ABG
Asbury Automotive Group Trading Down 2.4 %
Shares of NYSE ABG traded down $7.00 during midday trading on Monday, reaching $289.68. 399,741 shares of the stock were exchanged, compared to its average volume of 230,156. The business has a 50-day simple moving average of $254.15 and a two-hundred day simple moving average of $243.08. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 13.47 and a beta of 1.20. Asbury Automotive Group, Inc. has a 12 month low of $195.09 and a 12 month high of $312.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41.
Asbury Automotive Group Company 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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