Sherbrooke Park Advisers LLC Takes $329,000 Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Sherbrooke Park Advisers LLC bought a new position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,355 shares of the company's stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asbury Automotive Group in the fourth quarter worth $25,000. CIBC Private Wealth Group LLC boosted its position in shares of Asbury Automotive Group by 9.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock worth $117,000 after buying an additional 41 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Asbury Automotive Group by 234.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock worth $122,000 after buying an additional 351 shares during the period. Headlands Technologies LLC boosted its position in shares of Asbury Automotive Group by 275.2% in the fourth quarter. Headlands Technologies LLC now owns 604 shares of the company's stock worth $147,000 after buying an additional 443 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Asbury Automotive Group by 801.4% in the fourth quarter. Sterling Capital Management LLC now owns 631 shares of the company's stock worth $153,000 after buying an additional 561 shares during the period.

Asbury Automotive Group Stock Down 2.8%

NYSE ABG traded down $6.41 during trading on Wednesday, hitting $225.30. 186,462 shares of the company traded hands, compared to its average volume of 201,742. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $312.56. The business has a fifty day simple moving average of $225.53 and a 200 day simple moving average of $249.09. 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 company has a market capitalization 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 posted 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 net margin of 2.50% and a return on equity of 16.29%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last 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. As a group, sell-side analysts predict that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stephens raised their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. StockNews.com upgraded Asbury Automotive Group from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Craig Hallum lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Citigroup assumed coverage on Asbury Automotive Group in a report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $258.50.

Asbury Automotive Group Company 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.