ProShare Advisors LLC grew its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 40.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,926 shares of the company's stock after purchasing an additional 1,704 shares during the quarter. ProShare Advisors LLC's holdings in Asbury Automotive Group were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Asbury Automotive Group by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,108,176 shares of the company's stock valued at $269,322,000 after buying an additional 9,688 shares during the last quarter. Eminence Capital LP grew its position in shares of Asbury Automotive Group by 15.8% during the 4th quarter. Eminence Capital LP now owns 787,775 shares of the company's stock valued at $191,453,000 after acquiring an additional 107,317 shares during the period. Timucuan Asset Management Inc. FL increased its stake in shares of Asbury Automotive Group by 0.5% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 707,874 shares of the company's stock worth $172,035,000 after purchasing an additional 3,490 shares in the last quarter. Madison Investment Advisors LLC bought a new position in Asbury Automotive Group in the 4th quarter worth $82,426,000. Finally, Norges Bank purchased a new position in Asbury Automotive Group during the fourth quarter valued at $82,079,000.
Wall Street Analyst Weigh In
A number of analysts have commented on ABG shares. 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 report on Thursday, March 27th. StockNews.com upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Craig Hallum lowered shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Citigroup began coverage on shares of Asbury Automotive Group in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 price objective for the company. Finally, Stephens lifted their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $258.50.
Get Our Latest Analysis on Asbury Automotive Group
Asbury Automotive Group Stock Down 2.8%
NYSE ABG opened at $225.30 on Thursday. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $312.56. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The stock has a market cap of $4.43 billion, a PE ratio of 10.47 and a beta of 0.98. The stock's 50 day moving average is $225.53 and its 200 day moving average is $249.09.
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 the consensus estimate of $6.84 by ($0.02). The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.31 billion. Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. Asbury Automotive Group's quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $7.21 EPS. Research analysts predict that Asbury Automotive Group, Inc. will post 26.28 EPS for the current fiscal year.
Asbury Automotive Group Company Profile
(
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.
Read More
Want to see what other hedge funds are holding ABG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asbury Automotive Group, Inc. (NYSE:ABG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Asbury Automotive Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Asbury Automotive Group wasn't on the list.
While Asbury Automotive Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
