Hotchkis & Wiley Capital Management LLC Sells 13,428 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Hotchkis & Wiley Capital Management LLC lessened its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 34.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,979 shares of the company's stock after selling 13,428 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.13% of Asbury Automotive Group worth $6,198,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Asbury Automotive Group in the 3rd quarter worth approximately $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 grew its position in shares of Asbury Automotive Group by 100.0% during the 2nd quarter. GAMMA Investing LLC now owns 292 shares of the company's stock worth $67,000 after buying an additional 146 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Asbury Automotive Group in the second quarter valued at approximately $155,000. Finally, Headlands Technologies LLC bought a new position in shares of Asbury Automotive Group in the 2nd quarter valued at about $190,000.

Asbury Automotive Group Stock Down 0.1 %

NYSE ABG traded down $0.18 during trading on Friday, reaching $258.98. 99,625 shares of the company's stock were exchanged, compared to its average volume of 183,321. The company has a 50 day moving average price of $243.45 and a two-hundred day moving average price of $237.56. Asbury Automotive Group, Inc. has a 1 year low of $195.09 and a 1 year high of $277.13. 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 cap of $5.07 billion, a P/E ratio of 14.67 and a beta of 1.18.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing the consensus estimate of $6.58 by ($0.23). Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the business earned $8.12 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. On average, equities research analysts anticipate that Asbury Automotive Group, Inc. will post 25.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ABG. Morgan Stanley upgraded shares of Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $190.00 to $240.00 in a research report on Wednesday, September 25th. Stephens assumed coverage on shares of Asbury Automotive Group in a research note on Thursday, September 12th. They issued an "equal weight" rating and a $216.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Asbury Automotive Group from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Seaport Res Ptn cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $256.20.

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.