New Age Alpha Advisors LLC Takes Position in Asbury Automotive Group, Inc. (NYSE:ABG)

New Age Alpha Advisors LLC purchased a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,036 shares of the company's stock, valued at approximately $495,000.

Other hedge funds have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its position in shares of Asbury Automotive Group by 2.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company's stock valued at $506,000 after purchasing an additional 50 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Asbury Automotive Group by 3.2% in the third quarter. HighTower Advisors LLC now owns 1,720 shares of the company's stock valued at $409,000 after buying an additional 53 shares during the period. Nations Financial Group Inc. IA ADV increased its position in shares of Asbury Automotive Group by 2.3% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock worth $978,000 after acquiring an additional 92 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in shares of Asbury Automotive Group by 0.7% during the fourth quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company's stock worth $4,040,000 after acquiring an additional 119 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Asbury Automotive Group by 17.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company's stock valued at $204,000 after acquiring an additional 123 shares in the last quarter.

Insider Buying and Selling

In other news, COO Daniel Clara sold 1,217 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the sale, the chief operating officer now directly owns 3,747 shares of the company's stock, valued at $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

ABG has been the subject of several recent research reports. 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. Craig Hallum cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $263.00.

Asbury Automotive Group Trading Down 0.9 %

Shares of NYSE:ABG traded down $1.85 during midday trading on Friday, reaching $211.62. The company's stock had a trading volume of 549,616 shares, compared to its average volume of 194,457. Asbury Automotive Group, Inc. has a fifty-two week low of $205.37 and a fifty-two week high of $312.56. 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 firm has a 50 day moving average price of $262.92 and a two-hundred day moving average price of $250.84. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.84 and a beta of 1.22.

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.