Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Man Group plc

Man Group plc cut its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 45.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,617 shares of the company's stock after selling 26,349 shares during the quarter. Man Group plc owned 0.16% of Asbury Automotive Group worth $7,684,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ABG. Millennium Management LLC boosted its stake in shares of Asbury Automotive Group by 108.4% during the 4th quarter. Millennium Management LLC now owns 20,087 shares of the company's stock worth $4,882,000 after acquiring an additional 10,448 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Asbury Automotive Group by 9.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,026 shares of the company's stock worth $5,353,000 after acquiring an additional 1,989 shares during the period. Lazard Asset Management LLC boosted its stake in Asbury Automotive Group by 42.1% in the 4th quarter. Lazard Asset Management LLC now owns 4,055 shares of the company's stock valued at $985,000 after purchasing an additional 1,201 shares during the period. Janus Henderson Group PLC boosted its stake in Asbury Automotive Group by 4.9% in the 4th quarter. Janus Henderson Group PLC now owns 10,858 shares of the company's stock valued at $2,640,000 after purchasing an additional 506 shares during the period. Finally, Deutsche Bank AG boosted its stake in Asbury Automotive Group by 57.7% in the 4th quarter. Deutsche Bank AG now owns 18,708 shares of the company's stock valued at $4,547,000 after purchasing an additional 6,842 shares during the period.

Asbury Automotive Group Price Performance

NYSE:ABG traded down $1.35 during trading hours on Friday, hitting $225.27. 137,740 shares of the company's stock traded hands, compared to its average volume of 202,318. The firm has a market cap of $4.43 billion, a P/E ratio of 10.47 and a beta of 0.98. Asbury Automotive Group, Inc. has a 52 week low of $201.68 and a 52 week high of $312.56. The business's fifty day simple moving average is $225.22 and its two-hundred day simple moving average is $248.75. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on 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. Wall Street Zen upgraded Asbury Automotive Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Stephens upped 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. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Citigroup assumed coverage on Asbury Automotive Group in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 target price for the company. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $258.50.

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.