Arizona State Retirement System boosted its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 224.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,165 shares of the company’s stock after buying an additional 21,565 shares during the period. Arizona State Retirement System owned 0.15% of Asbury Automotive Group worth $1,995,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ABG. Victory Capital Management Inc. lifted its stake in Asbury Automotive Group by 39.1% during the third quarter. Victory Capital Management Inc. now owns 3,067 shares of the company’s stock worth $187,000 after purchasing an additional 862 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new stake in shares of Asbury Automotive Group in the fourth quarter valued at $200,000. Public Employees Retirement System of Ohio increased its holdings in Asbury Automotive Group by 10.2% in the second quarter. Public Employees Retirement System of Ohio now owns 3,673 shares of the company’s stock valued at $208,000 after buying an additional 340 shares during the last quarter. Ingalls & Snyder LLC purchased a new position in Asbury Automotive Group in the fourth quarter valued at $218,000. Finally, Parametrica Management Ltd increased its holdings in Asbury Automotive Group by 29.4% in the fourth quarter. Parametrica Management Ltd now owns 4,719 shares of the company’s stock valued at $302,000 after buying an additional 1,071 shares during the last quarter.
Shares of NYSE ABG traded down $3.85 during trading on Monday, hitting $63.65. 160,604 shares of the company traded hands, compared to its average volume of 206,197. The company has a quick ratio of 0.45, a current ratio of 1.23 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $1,411.64, a PE ratio of 10.47, a P/E/G ratio of 0.83 and a beta of 1.54. Asbury Automotive Group, Inc. has a 1 year low of $49.10 and a 1 year high of $76.40.
Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Tuesday, February 6th. The company reported $1.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.21. Asbury Automotive Group had a net margin of 2.15% and a return on equity of 39.80%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the business posted $1.56 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. equities research analysts expect that Asbury Automotive Group, Inc. will post 7.52 EPS for the current fiscal year.
Several equities analysts have issued reports on ABG shares. Zacks Investment Research lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Craig Hallum raised their price target on Asbury Automotive Group from $55.00 to $67.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley raised their price objective on shares of Asbury Automotive Group from $53.00 to $63.00 and gave the company an “underweight” rating in a research report on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Asbury Automotive Group presently has a consensus rating of “Hold” and a consensus price target of $65.40.
In related news, Director Craig T. Monaghan sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $68.57, for a total transaction of $1,028,550.00. Following the completion of the sale, the director now owns 86,112 shares of the company’s stock, valued at approximately $5,904,699.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP George Karolis sold 3,150 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $69.54, for a total transaction of $219,051.00. The disclosure for this sale can be found here. Insiders sold a total of 50,825 shares of company stock worth $3,488,688 in the last quarter. 1.90% of the stock is currently owned by company insiders.
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Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.
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