2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its position in Asbury Automotive Group, Inc. ( NYSE:ABG – Free Report ) by 1.
4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,279 shares of the company’s stock after purchasing an additional 173 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Asbury Automotive Group were worth $2,984,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently bought and sold shares of ABG. CIBC Private Wealth Group LLC grew its holdings in shares of Asbury Automotive Group by 9.
3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock worth $117,000 after purchasing an additional 41 shares during the period. Smartleaf Asset Management LLC boosted its stake in Asbury Automotive Group by 234.
0% during the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock worth $122,000 after buying an additional 351 shares during the period. Headlands Technologies LLC boosted its stake in Asbury Automotive Group by 275.
2% during the fourth quarter. Headlands Technologies LLC now owns 604 shares of the company’s stock worth $147,000 after buying an additional 443 shares during the period. KBC Group NV increased its position in shares of Asbury Automotive Group by 52.
3% during the fourth quarter. KBC Group NV now owns 769 shares of the company’s stock valued at $187,000 after acquiring an additional 264 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Asbury Automotive Group by 17.
2% in the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after acquiring an additional 123 shares during the period. Wall Street Analysts Forecast Growth Several analysts recently weighed in on the stock.
JPMorgan Chase & Co. dropped their target price on shares of Asbury Automotive Group from $290.00 to $250.
00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Craig Hallum cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Citigroup assumed coverage on Asbury Automotive Group in a research note on Wednesday.
They set a “neutral” rating and a $236.00 target price on the stock. Finally, Stephens lifted their target price on Asbury Automotive Group from $220.
00 to $260.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock.
According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $258.50. Asbury Automotive Group Trading Up 1.
0 % NYSE:ABG opened at $223.84 on Friday. The stock has a fifty day moving average price of $237.
91 and a 200 day moving average price of $249.23. The company has a current ratio of 1.
20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.
Asbury Automotive Group, Inc. has a 12-month low of $201.68 and a 12-month high of $312.
56. The firm has a market cap of $4.40 billion, a PE ratio of 10.
41 and a beta of 1.04. Insider Activity In other news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction on Wednesday, February 19th.
The shares were 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 directly owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. The trade was a 24.
52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Company insiders own 0.
53% of the company’s stock. Asbury Automotive Group Profile ( 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.
Further Reading Want to see what other hedge funds are holding ABG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asbury Automotive Group, Inc. ( NYSE:ABG – Free Report ).
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