Asbury Automotive Group, Inc. (NYSE:ABG) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 278.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,857 shares of the company's stock after purchasing an additional 14,605 shares during the period. Cerity Partners LLC owned about 0.10% of Asbury Automotive Group worth $4,385,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Asbury Automotive Group during the fourth quarter worth about $25,000. Versant Capital Management Inc raised its stake in shares of Asbury Automotive Group by 43.9% in the 1st quarter. Versant Capital Management Inc now owns 164 shares of the company's stock worth $36,000 after buying an additional 50 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake 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 acquiring an additional 41 shares in the last quarter. GAMMA Investing LLC boosted its stake in Asbury Automotive Group by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 586 shares of the company's stock valued at $129,000 after purchasing an additional 165 shares during the period. Finally, Headlands Technologies LLC increased its holdings in Asbury Automotive Group by 275.2% during the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company's stock valued at $147,000 after purchasing an additional 443 shares in the last quarter.

Asbury Automotive Group Stock Up 0.6%

Shares of NYSE:ABG traded up $1.49 during trading on Monday, hitting $231.45. The company's stock had a trading volume of 143,248 shares, compared to its average volume of 197,089. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.55 and a current ratio of 1.25. Asbury Automotive Group, Inc. has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The company has a market capitalization of $4.55 billion, a PE ratio of 11.02, a P/E/G ratio of 1.49 and a beta of 0.96. The business has a 50 day moving average price of $239.74 and a two-hundred day moving average price of $245.08.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its 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). The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.31 billion. Asbury Automotive Group had a return on equity of 15.41% and a net margin of 2.42%. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.21 earnings per share. As a group, research analysts expect that Asbury Automotive Group, Inc. will post 26.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on ABG shares. Citigroup assumed coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price objective for the company. Bank of America boosted their price objective on shares of Asbury Automotive Group from $325.00 to $335.00 and gave the company a "buy" rating in a research report on Monday, June 16th. JPMorgan Chase & Co. downgraded shares of Asbury Automotive Group from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $235.00 to $225.00 in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Asbury Automotive Group has a consensus rating of "Hold" and an average price target of $259.33.

Asbury Automotive Group 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.