Entropy Technologies LP Takes $219,000 Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Entropy Technologies LP purchased a new stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 900 shares of the company's stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABG. Harbor Capital Advisors Inc. bought a new stake in shares of Asbury Automotive Group during the third quarter worth about $31,000. KBC Group NV increased its holdings in Asbury Automotive Group by 52.3% during the 4th quarter. KBC Group NV now owns 769 shares of the company's stock worth $187,000 after purchasing an additional 264 shares in the last quarter. Nisa Investment Advisors LLC raised its stake 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 worth $204,000 after purchasing an additional 123 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Asbury Automotive Group in the fourth quarter valued at approximately $216,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Asbury Automotive Group during the fourth quarter valued at approximately $221,000.

Asbury Automotive Group Stock Performance

Shares of Asbury Automotive Group stock traded up $3.29 on Monday, reaching $303.01. 123,744 shares of the company traded hands, compared to its average volume of 229,757. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The firm has a market capitalization of $5.94 billion, a PE ratio of 14.09 and a beta of 1.20. The company has a 50 day moving average of $262.24 and a 200 day moving average of $246.58. Asbury Automotive Group, Inc. has a 52 week low of $202.98 and a 52 week high of $312.56.

Analysts Set New Price Targets

Several brokerages have weighed in on ABG. Craig Hallum upgraded Asbury Automotive Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. StockNews.com raised shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on shares of Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Finally, Stephens boosted their target price on 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. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $264.00.

About Asbury Automotive Group

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.