Quantbot Technologies LP Boosts Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Quantbot Technologies LP lifted its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 172.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,191 shares of the company's stock after acquiring an additional 8,976 shares during the period. Quantbot Technologies LP owned 0.07% of Asbury Automotive Group worth $3,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ABG. Cerity Partners LLC lifted its holdings in Asbury Automotive Group by 36.7% in the 3rd quarter. Cerity Partners LLC now owns 6,064 shares of the company's stock valued at $1,447,000 after purchasing an additional 1,628 shares in the last quarter. Citigroup Inc. raised its position in shares of Asbury Automotive Group by 23.9% in the third quarter. Citigroup Inc. now owns 54,917 shares of the company's stock valued at $13,103,000 after buying an additional 10,603 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Asbury Automotive Group in the third quarter worth about $1,223,000. PNC Financial Services Group Inc. boosted its position in Asbury Automotive Group by 36.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,126 shares of the company's stock worth $984,000 after acquiring an additional 1,107 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new stake in Asbury Automotive Group during the 3rd quarter valued at about $26,573,000.

Asbury Automotive Group Stock Down 1.4 %

Asbury Automotive Group stock traded down $3.69 during mid-day trading on Thursday, hitting $260.03. The company had a trading volume of 162,334 shares, compared to its average volume of 183,514. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 14.71 and a beta of 1.16. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a 1 year low of $195.09 and a 1 year high of $277.13. The business has a fifty day moving average of $239.54 and a 200 day moving average of $236.62.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $6.35 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period last year, the business earned $8.12 earnings per share. The company's quarterly revenue was up 15.6% on a year-over-year basis. On average, sell-side analysts expect that Asbury Automotive Group, Inc. will post 25.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABG has been the topic of several recent research reports. Bank of America lowered their target price on Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Seaport Res Ptn downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Craig Hallum lifted their price target on Asbury Automotive Group from $240.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, 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 report on Tuesday, November 5th. 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, the stock currently has an average rating of "Hold" and an average price target of $256.20.

About Asbury Automotive Group

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.