Epoch Investment Partners Inc. Sells 7,375 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Epoch Investment Partners Inc. lowered its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 49.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,500 shares of the company's stock after selling 7,375 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Asbury Automotive Group were worth $1,823,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of Asbury Automotive Group in the fourth quarter valued at about $680,000. Bridgewater Associates LP increased its holdings in Asbury Automotive Group by 70.1% in the 4th quarter. Bridgewater Associates LP now owns 3,104 shares of the company's stock worth $754,000 after acquiring an additional 1,279 shares in the last quarter. XTX Topco Ltd purchased a new position in Asbury Automotive Group in the 4th quarter valued at about $247,000. Harber Asset Management LLC purchased a new stake in shares of Asbury Automotive Group during the fourth quarter worth approximately $4,934,000. Finally, Mariner LLC lifted its stake in shares of Asbury Automotive Group by 3.7% in the fourth quarter. Mariner LLC now owns 1,856 shares of the company's stock worth $451,000 after buying an additional 67 shares in the last quarter.

Asbury Automotive Group Price Performance

Shares of Asbury Automotive Group stock traded up $2.31 on Friday, hitting $223.84. The company had a trading volume of 153,186 shares, compared to its average volume of 202,048. Asbury Automotive Group, Inc. has a 52 week low of $201.68 and a 52 week 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. The business has a 50-day simple moving average of $241.07 and a 200-day simple moving average of $249.32. The company has a market cap of $4.40 billion, a PE ratio of 10.41 and a beta of 1.04.

Analysts Set New Price Targets

ABG has been the topic of several research analyst reports. Citigroup started coverage on shares of Asbury Automotive Group in a report on Wednesday. They issued a "neutral" rating and a $236.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price 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. Craig Hallum downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Stephens raised their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Seven 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.com, Asbury Automotive Group presently has a consensus rating of "Hold" and an average price target of $258.50.

Insider Buying and Selling

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the company'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 value of $361,010.88. Following the transaction, the chief operating officer now owns 3,747 shares in the company, valued at approximately $1,111,510.08. This represents a 24.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.53% of the company's stock.

Asbury Automotive Group Company 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.