LSV Asset Management Sells 28,700 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

LSV Asset Management reduced its holdings in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 84.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,400 shares of the company's stock after selling 28,700 shares during the quarter. LSV Asset Management's holdings in Asbury Automotive Group were worth $1,312,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Asbury Automotive Group in the 4th quarter valued at approximately $25,000. CIBC Private Wealth Group LLC lifted its position in Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock valued at $117,000 after buying an additional 41 shares during the period. Smartleaf Asset Management LLC lifted its position in Asbury Automotive Group by 234.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock valued at $122,000 after buying an additional 351 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Asbury Automotive Group by 275.2% during the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company's stock valued at $147,000 after buying an additional 443 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Asbury Automotive Group by 52.3% in the 4th quarter. KBC Group NV now owns 769 shares of the company's stock worth $187,000 after buying an additional 264 shares during the period.

Analysts Set New Price Targets

ABG has been the topic of several research reports. Stephens boosted their price objective on shares of 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. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price objective on 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. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $263.00.

Insider Activity

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the stock in a transaction dated Wednesday, February 19th. The stock was 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 of the company's stock, valued at approximately $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company's stock.

Asbury Automotive Group Stock Up 0.8 %

ABG stock traded up $1.69 during midday trading on Friday, hitting $218.47. The company's stock had a trading volume of 161,047 shares, compared to its average volume of 199,115. The company has a market cap of $4.29 billion, a PE ratio of 10.16 and a beta of 1.04. The firm's 50-day moving average is $247.60 and its 200-day moving average is $249.59. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $312.56. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.

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.