New York State Teachers Retirement System Has $3.28 Million Stake in Asbury Automotive Group, Inc. (NYSE:ABG)

New York State Teachers Retirement System boosted its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,846 shares of the company's stock after buying an additional 1,787 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Asbury Automotive Group worth $3,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Asbury Automotive Group by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company's stock valued at $51,465,000 after purchasing an additional 3,273 shares during the period. Atria Investments Inc raised its position in shares of Asbury Automotive Group by 16.0% during the fourth quarter. Atria Investments Inc now owns 2,922 shares of the company's stock valued at $710,000 after buying an additional 402 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Asbury Automotive Group in the fourth quarter valued at about $5,316,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Asbury Automotive Group by 10.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,760 shares of the company's stock worth $1,157,000 after buying an additional 456 shares in the last quarter. Finally, Inspire Advisors LLC increased its stake in Asbury Automotive Group by 17.0% during the fourth quarter. Inspire Advisors LLC now owns 3,351 shares of the company's stock valued at $814,000 after acquiring an additional 488 shares during the period.

Asbury Automotive Group Price Performance

NYSE ABG traded down $3.22 during trading hours on Friday, reaching $262.75. 92,103 shares of the company's stock were exchanged, compared to its average volume of 197,884. The firm has a fifty day moving average of $236.74 and a 200-day moving average of $244.95. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.83. Asbury Automotive Group, Inc. has a one year low of $201.68 and a one year high of $312.56. The stock has a market cap of $5.17 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last issued its quarterly earnings results 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 2.42% and a return on equity of 15.41%. 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 EPS. The business's revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts predict that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on ABG shares. Bank of America lifted their price objective on Asbury Automotive Group from $325.00 to $335.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Citigroup started coverage on shares of Asbury Automotive Group in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 price target on the stock. Wall Street Zen raised shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Asbury Automotive Group has an average rating of "Hold" and an average target price of $263.50.

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.