Asbury Automotive Group, Inc. (NYSE:ABG) Stock Position Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,026 shares of the company's stock after buying an additional 1,989 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of Asbury Automotive Group worth $5,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 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 valued at $117,000 after buying an additional 41 shares during the last quarter. Bank of Montreal Can raised its position in shares of Asbury Automotive Group by 2.0% during the 4th quarter. Bank of Montreal Can now owns 2,502 shares of the company's stock valued at $608,000 after acquiring an additional 48 shares in the last quarter. Mariner LLC raised its position in shares of Asbury Automotive Group by 3.7% during the 4th quarter. Mariner LLC now owns 1,856 shares of the company's stock valued at $451,000 after acquiring an additional 67 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Asbury Automotive Group by 4.5% during the 4th quarter. HighTower Advisors LLC now owns 1,798 shares of the company's stock valued at $437,000 after acquiring an additional 78 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Asbury Automotive Group by 2.3% during 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.

Asbury Automotive Group Stock Performance

NYSE ABG traded down $1.35 during trading hours on Friday, hitting $225.27. The company had a trading volume of 137,740 shares, compared to its average volume of 202,318. 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 quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $225.22 and a 200-day simple moving average of $248.83. 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 (NYSE:ABG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $6.82 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $4.31 billion. During the same period in the prior year, the business earned $7.21 earnings per share. Asbury Automotive Group's quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts predict that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on ABG. Stephens upped their price target 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. JPMorgan Chase & Co. dropped their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Craig Hallum lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Citigroup began coverage on Asbury Automotive Group in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price target on the stock. Finally, Wall Street Zen raised Asbury Automotive Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.