2,036 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Asbury Automotive Group, Inc. (NYSE:ABG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,036 shares of the company’s stock, valued at approximately $495,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Asbury Automotive Group by 234.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock worth $122,000 after purchasing an additional 351 shares during the last quarter. KBC Group NV increased its position in Asbury Automotive Group by 52.3% in the fourth quarter. KBC Group NV now owns 769 shares of the company’s stock worth $187,000 after buying an additional 264 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Asbury Automotive Group by 17.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after buying an additional 123 shares during the period. Stephens Inc. AR purchased a new position in shares of Asbury Automotive Group during the 4th quarter valued at $213,000. Finally, Highland Capital Management LLC bought a new position in shares of Asbury Automotive Group during the 4th quarter worth $216,000.

Wall Street Analyst Weigh In

Several research firms have commented on ABG. JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Stephens raised 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 report on Tuesday, February 11th. Finally, Craig Hallum cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $263.00.

Asbury Automotive Group Price Performance

ABG stock opened at $225.22 on Wednesday. The firm has a 50 day moving average of $265.96 and a 200-day moving average of $250.86. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $4.42 billion, a P/E ratio of 10.47 and a beta of 1.22. Asbury Automotive Group, Inc. has a 12 month low of $206.62 and a 12 month high of $312.56.

Insider Buying and Selling at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the sale, the chief operating officer now owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

Asbury Automotive Group Company Profile

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.