Asbury Automotive Group, Inc. (NYSE:ABG) Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,459 shares of the company's stock after buying an additional 2,822 shares during the period. Tudor Investment Corp ET AL owned approximately 0.17% of Asbury Automotive Group worth $7,889,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in Asbury Automotive Group during the 4th quarter valued at about $1,108,000. Stifel Financial Corp increased its holdings in shares of Asbury Automotive Group by 5.1% during the fourth quarter. Stifel Financial Corp now owns 20,940 shares of the company's stock valued at $5,089,000 after acquiring an additional 1,014 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of Asbury Automotive Group by 47.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,442 shares of the company's stock valued at $2,295,000 after purchasing an additional 3,042 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Asbury Automotive Group by 2.9% in the 4th quarter. MetLife Investment Management LLC now owns 11,802 shares of the company's stock worth $2,868,000 after purchasing an additional 337 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Asbury Automotive Group by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,108,176 shares of the company's stock worth $269,322,000 after purchasing an additional 9,688 shares in the last quarter.

Insider Buying and Selling

In related news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred 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 transaction, the chief operating officer now owns 3,747 shares in the company, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.59% of the stock is currently owned by company insiders.

Asbury Automotive Group Price Performance

Shares of Asbury Automotive Group stock traded up $0.28 during mid-day trading on Monday, reaching $222.61. 25,661 shares of the stock traded hands, compared to its average volume of 203,645. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average of $231.75 and a 200 day moving average of $249.30. The stock has a market capitalization of $4.38 billion, a PE ratio of 10.36 and a beta of 0.98. Asbury Automotive Group, Inc. has a fifty-two week low of $201.68 and a fifty-two week high of $312.56.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $6.82 earnings per share for the quarter, missing analysts' consensus estimates of $6.84 by ($0.02). Asbury Automotive Group had a net margin of 2.50% and a return on equity of 16.29%. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the previous year, the business posted $7.21 EPS. The company's revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target 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 lowered 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, April 23rd. They set a "neutral" rating and a $236.00 price target on the stock. Finally, Stephens raised their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $258.50.

About Asbury Automotive Group

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.