Thrivent Financial for Lutherans trimmed its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,813 shares of the company's stock after selling 10,320 shares during the quarter. Thrivent Financial for Lutherans owned about 0.16% of Asbury Automotive Group worth $7,488,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Asbury Automotive Group by 36.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,126 shares of the company's stock valued at $984,000 after buying an additional 1,107 shares during the period. Intech Investment Management LLC purchased a new position in Asbury Automotive Group in the third quarter valued at about $1,223,000. Citigroup Inc. increased its stake in Asbury Automotive Group by 23.9% in the 3rd quarter. Citigroup Inc. now owns 54,917 shares of the company's stock valued at $13,103,000 after purchasing an additional 10,603 shares in the last quarter. Cerity Partners LLC raised its holdings in Asbury Automotive Group by 36.7% during the third quarter. Cerity Partners LLC now owns 6,064 shares of the company's stock worth $1,447,000 after purchasing an additional 1,628 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in Asbury Automotive Group by 172.1% in the third quarter. Quantbot Technologies LP now owns 14,191 shares of the company's stock valued at $3,386,000 after purchasing an additional 8,976 shares during the last quarter.
Insiders Place Their Bets
In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
ABG has been the subject of a number of research reports. Stephens lifted 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 research report on Tuesday, February 11th. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their target price on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $263.00.
Check Out Our Latest Stock Report on ABG
Asbury Automotive Group Trading Down 4.6 %
Shares of NYSE:ABG traded down $11.03 during trading on Thursday, reaching $226.59. The stock had a trading volume of 253,008 shares, compared to its average volume of 180,651. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The stock has a market cap of $4.45 billion, a P/E ratio of 10.53 and a beta of 1.22. The business has a fifty day moving average price of $267.59 and a 200-day moving average price of $250.60. Asbury Automotive Group, Inc. has a fifty-two week low of $206.62 and a fifty-two week high of $312.56.
Asbury Automotive Group Company Profile
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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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