2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. grew its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) by 1.
4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,279 shares of the company’s stock after acquiring an additional 173 shares during the period. Envestnet Asset Management Inc.
owned about 0.06% of Asbury Automotive Group worth $2,984,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently bought and sold shares of the company.
CIBC Private Wealth Group LLC lifted its position in shares of Asbury Automotive Group by 9.3% in 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 position in Asbury Automotive Group by 234.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock valued at $122,000 after acquiring an additional 351 shares in the last quarter.
Headlands Technologies LLC increased its holdings in shares of Asbury Automotive Group by 275.2% in the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company’s stock valued at $147,000 after acquiring an additional 443 shares during the period.
KBC Group NV increased its holdings in shares of Asbury Automotive Group by 52.3% in the 4th 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 period.
Finally, Nisa Investment Advisors LLC raised its position 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 worth $204,000 after acquiring an additional 123 shares in the last quarter.
Insider Activity at Asbury Automotive GroupIn other news, COO Daniel Clara sold 1,217 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 3,747 shares of the company’s stock, valued at $1,111,510.08.
This trade represents a 24.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
0.53% of the stock is owned by insiders. Asbury Automotive Group Price PerformanceShares of ABG opened at $223.
84 on Friday. The company’s fifty day moving average price is $237.91 and its 200-day moving average price is $249.
23. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.
20 and a quick ratio of 0.41. The firm has a market capitalization of $4.
40 billion, a PE ratio of 10.41 and a beta of 1.04.
Asbury Automotive Group, Inc. has a 1-year low of $201.68 and a 1-year high of $312.
56. Wall Street Analysts Forecast GrowthABG has been the subject of a number of recent research reports. Craig Hallum downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th.
JPMorgan Chase & Co. reduced their price objective on shares of Asbury Automotive Group from $290.00 to $250.
00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Citigroup started coverage on shares of Asbury Automotive Group in a research note on Wednesday. They issued a “neutral” rating and a $236.
00 target price for the company. Finally, Stephens upped their price target on Asbury Automotive Group from $220.00 to $260.
00 and gave the stock 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $258.
50.View Our Latest Analysis on ABGAsbury 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.
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