Stephens Inc. AR 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 & Exchange Commission. The fund purchased 875 shares of the company's stock, valued at approximately $213,000.
Several other large investors have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC lifted its holdings in Asbury Automotive Group by 2.4% during the third 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 in the last quarter. HighTower Advisors LLC raised its position in shares of Asbury Automotive Group by 3.2% during 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 last quarter. OneDigital Investment Advisors LLC raised its position in shares of Asbury Automotive Group by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company's stock valued at $440,000 after buying an additional 57 shares during the last quarter. US Bancorp DE raised its position in shares of Asbury Automotive Group by 2.6% during the third quarter. US Bancorp DE now owns 3,851 shares of the company's stock valued at $919,000 after buying an additional 99 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Asbury Automotive Group by 2.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,931 shares of the company's stock valued at $938,000 after buying an additional 112 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on shares of Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. 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, Craig Hallum cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $264.00.
View Our Latest Analysis on Asbury Automotive Group
Insider Buying and Selling at Asbury Automotive Group
In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the transaction, the chief operating officer now owns 3,747 shares in the company, 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. Company insiders own 0.53% of the company's stock.
Asbury Automotive Group Price Performance
ABG traded down $6.14 during trading hours on Thursday, hitting $288.36. The company's stock had a trading volume of 149,656 shares, compared to its average volume of 203,302. The business's 50-day moving average price is $263.90 and its 200-day moving average price is $247.37. Asbury Automotive Group, Inc. has a 12 month low of $202.98 and a 12 month high of $312.56. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 13.41 and a beta of 1.20. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.
About Asbury Automotive Group
(
Free Report)
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.
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