GoodHaven Capital Management LLC Takes $2.92 Million Position in Asbury Automotive Group, Inc. (NYSE:ABG)

GoodHaven Capital Management LLC acquired a new stake 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 Securities and Exchange Commission (SEC). The institutional investor acquired 12,000 shares of the company's stock, valued at approximately $2,916,000. Asbury Automotive Group comprises 0.9% of GoodHaven Capital Management LLC's portfolio, making the stock its 19th biggest holding. GoodHaven Capital Management LLC owned 0.06% of Asbury Automotive Group at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Asbury Automotive Group by 234.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock valued at $122,000 after purchasing an additional 351 shares during the last quarter. KBC Group NV grew its position in Asbury Automotive Group by 52.3% during the fourth quarter. KBC Group NV now owns 769 shares of the company's stock valued at $187,000 after buying an additional 264 shares during the period. Nisa Investment Advisors LLC increased its holdings in Asbury Automotive Group by 17.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company's stock valued at $204,000 after buying an additional 123 shares during the last quarter. Stephens Inc. AR bought a new position in Asbury Automotive Group in the fourth quarter worth approximately $213,000. Finally, Highland Capital Management LLC bought a new position in Asbury Automotive Group in the fourth quarter worth approximately $216,000.

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Insider Buying and Selling at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of the business's stock in a transaction 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 sale, the chief operating officer now owns 3,747 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ABG. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a report on Friday, January 17th. Craig Hallum cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Stephens increased 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 report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Asbury Automotive Group currently has an average rating of "Hold" and a consensus price target of $264.00.

Asbury Automotive Group Price Performance

Shares of Asbury Automotive Group stock traded up $7.78 on Monday, hitting $241.54. 146,113 shares of the company traded hands, compared to its average volume of 180,174. Asbury Automotive Group, Inc. has a 52 week low of $206.62 and a 52 week high of $312.56. The business has a 50-day simple moving average of $267.71 and a 200 day simple moving average of $250.38. 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 stock has a market capitalization of $4.75 billion, a P/E ratio of 11.23 and a beta of 1.22.

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.