Vista Finance LLC Makes New $223,000 Investment in Asbury Automotive Group, Inc. (NYSE:ABG)

Vista Finance LLC bought a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 918 shares of the company's stock, valued at approximately $223,000.

A number of other large investors have also recently added to or reduced their stakes in ABG. Assenagon Asset Management S.A. increased its holdings in Asbury Automotive Group by 366.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company's stock worth $45,233,000 after purchasing an additional 148,910 shares in the last quarter. Natixis Advisors LLC acquired a new position in shares of Asbury Automotive Group during the 3rd quarter worth about $26,573,000. International Assets Investment Management LLC acquired a new position in shares of Asbury Automotive Group during the 3rd quarter worth about $154,270,000. Rockefeller Capital Management L.P. acquired a new position in shares of Asbury Automotive Group during the 3rd quarter worth about $14,219,000. Finally, Stifel Financial Corp boosted its stake in shares of Asbury Automotive Group by 1,990.9% during the 3rd quarter. Stifel Financial Corp now owns 19,926 shares of the company's stock worth $4,754,000 after buying an additional 18,973 shares during the last quarter.

Asbury Automotive Group Stock Performance

NYSE:ABG traded down $6.24 during mid-day trading on Wednesday, hitting $294.55. The stock had a trading volume of 179,116 shares, compared to its average volume of 204,969. The company's 50 day simple moving average is $262.24 and its 200 day simple moving average is $246.58. 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 stock has a market cap of $5.77 billion, a price-to-earnings ratio of 13.69 and a beta of 1.20. Asbury Automotive Group, Inc. has a twelve month low of $202.98 and a twelve month high of $312.56.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ABG. Craig Hallum upgraded shares of Asbury Automotive Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Stephens increased 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. StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Seaport Res Ptn downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $264.00.

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.