Jump Financial LLC Takes Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Jump Financial LLC acquired a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,800 shares of the company's stock, valued at approximately $680,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Timucuan Asset Management Inc. FL increased its position in shares of Asbury Automotive Group by 0.5% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 707,874 shares of the company's stock valued at $172,035,000 after acquiring an additional 3,490 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in Asbury Automotive Group in the 4th quarter valued at approximately $82,426,000. Norges Bank acquired a new stake in Asbury Automotive Group in the 4th quarter valued at approximately $82,079,000. Charles Schwab Investment Management Inc. raised its position in Asbury Automotive Group by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company's stock valued at $51,465,000 after purchasing an additional 3,273 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in Asbury Automotive Group during the fourth quarter worth $51,118,000.

Insiders Place Their Bets

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the sale, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stephens boosted their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Craig Hallum cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Asbury Automotive Group currently has an average rating of "Hold" and an average target price of $263.00.

Asbury Automotive Group Stock Performance

Shares of Asbury Automotive Group stock opened at $223.27 on Wednesday. The business has a 50-day simple moving average of $244.28 and a 200-day simple moving average of $249.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. Asbury Automotive Group, Inc. has a one year low of $201.68 and a one year high of $312.56. The company has a market cap of $4.39 billion, a PE ratio of 10.38 and a beta of 1.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.