First Trust Advisors LP reduced its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 44.5{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,284 shares of the company’s stock after selling 13,831 shares during the period. First Trust Advisors LP’s holdings in Asbury Automotive Group were worth $1,337,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Investments LP bought a new position in shares of Asbury Automotive Group during the first quarter worth approximately $1,263,000. AQR Capital Management LLC increased its stake in shares of Asbury Automotive Group by 69.2{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the first quarter. AQR Capital Management LLC now owns 22,008 shares of the company’s stock worth $1,216,000 after purchasing an additional 9,002 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Asbury Automotive Group by 0.6{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the fourth quarter. Nuveen Asset Management LLC now owns 74,037 shares of the company’s stock worth $8,276,000 after purchasing an additional 432 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Asbury Automotive Group by 54.4{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the first quarter. BNP Paribas Arbitrage SA now owns 9,573 shares of the company’s stock worth $529,000 after purchasing an additional 3,374 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Asbury Automotive Group by 5.3{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the first quarter. Thrivent Financial for Lutherans now owns 16,215 shares of the company’s stock worth $896,000 after purchasing an additional 809 shares during the period.

In other Asbury Automotive Group news, SVP Jed Milstein sold 2,300 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $77.31, for a total value of $177,813.00. Following the sale, the senior vice president now owns 13,977 shares of the company’s stock, valued at approximately $1,080,561.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO William Frederick Stax sold 700 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $105.00, for a total value of $73,500.00. Following the completion of the sale, the chief accounting officer now directly owns 4,731 shares in the company, valued at approximately $496,755. The disclosure for this sale can be found here. Company insiders own 1.01{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} of the company’s stock.

ABG has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Asbury Automotive Group from $100.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. ValuEngine raised Asbury Automotive Group from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. TheStreet raised Asbury Automotive Group from a “c+” rating to a “b” rating in a research report on Tuesday, July 14th. Zacks Investment Research raised Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, June 9th. Finally, SunTrust Banks increased their price target on Asbury Automotive Group from $70.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Asbury Automotive Group currently has a consensus rating of “Hold” and a consensus price target of $101.33.

Shares of ABG stock opened at $105.46 on Wednesday. The stock’s fifty day moving average price is $90.78 and its two-hundred day moving average price is $78.55. The company has a market cap of $2.08 billion, a PE ratio of 12.91 and a beta of 1.72. Asbury Automotive Group, Inc. has a fifty-two week low of $39.36 and a fifty-two week high of $123.44. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 1.78.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, July 28th. The company reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. Asbury Automotive Group had a return on equity of 27.07{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} and a net margin of 2.32{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446}. The company’s revenue was down 19.9{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} compared to the same quarter last year. During the same quarter last year, the business posted $2.38 EPS. On average, equities analysts predict that Asbury Automotive Group, Inc. will post 9.98 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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