Harbor Capital Advisors Inc. lifted its holdings in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 2,744.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,295 shares of the company's stock after purchasing an additional 4,144 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Asbury Automotive Group were worth $949,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC lifted its stake in Asbury Automotive Group by 27.4% in the fourth quarter. Empowered Funds LLC now owns 6,856 shares of the company's stock valued at $1,666,000 after buying an additional 1,476 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Asbury Automotive Group during the fourth quarter worth $219,000. Stephens Inc. AR acquired a new stake in shares of Asbury Automotive Group during the fourth quarter worth $213,000. Nations Financial Group Inc. IA ADV lifted its position in Asbury Automotive Group by 2.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock valued at $978,000 after acquiring an additional 92 shares in the last quarter. Finally, Vista Finance LLC bought a new stake in Asbury Automotive Group in the 4th quarter valued at $223,000.
Asbury Automotive Group Stock Down 2.2%
NYSE ABG traded down $5.30 during trading hours on Tuesday, hitting $234.68. 135,230 shares of the company traded hands, compared to its average volume of 200,100. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.55 and a current ratio of 1.25. The business's 50-day moving average is $227.77 and its 200-day moving average is $245.67. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.55 and a beta of 0.96. Asbury Automotive Group, Inc. has a twelve month low of $201.68 and a twelve month 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 (EPS) for the quarter, missing analysts' consensus estimates of $6.84 by ($0.02). The company had revenue of $4.15 billion for 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 company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.21 EPS. Sell-side analysts anticipate that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Bank of America boosted their target price on Asbury Automotive Group from $325.00 to $335.00 and gave the company a "buy" rating in a research note on Monday. Craig Hallum cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Wall Street Zen upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Citigroup started coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $263.50.
Get Our Latest Analysis on Asbury Automotive Group
About Asbury Automotive Group
(
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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