Teacher Retirement System of Texas raised its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,459 shares of the company's stock after acquiring an additional 1,089 shares during the period. Teacher Retirement System of Texas' holdings in Asbury Automotive Group were worth $2,089,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Asbury Automotive Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its holdings in Asbury Automotive Group by 43.9% in the first quarter. Versant Capital Management Inc now owns 164 shares of the company's stock valued at $36,000 after acquiring an additional 50 shares during the period. CIBC Private Wealth Group LLC boosted its position 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 worth $117,000 after purchasing an additional 41 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Asbury Automotive Group by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 586 shares of the company's stock worth $129,000 after purchasing an additional 165 shares during the period. Finally, Headlands Technologies LLC increased its holdings in shares of Asbury Automotive Group by 275.2% in the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company's stock valued at $147,000 after purchasing an additional 443 shares in the last quarter.
Analyst Ratings Changes
ABG has been the topic of several recent analyst reports. Bank of America upped their target price on shares of Asbury Automotive Group from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. JPMorgan Chase & Co. decreased their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Citigroup initiated coverage on 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, Wall Street Zen upgraded Asbury Automotive Group from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Asbury Automotive Group presently has an average rating of "Hold" and a consensus target price of $263.50.
Check Out Our Latest Research Report on ABG
Asbury Automotive Group Stock Down 1.2%
Shares of NYSE:ABG traded down $3.22 during midday trading on Friday, hitting $262.75. 92,103 shares of the company's stock traded hands, compared to its average volume of 197,884. Asbury Automotive Group, Inc. has a twelve month low of $201.68 and a twelve month high of $312.56. The company has a market cap of $5.17 billion, a PE ratio of 12.51, a P/E/G ratio of 1.68 and a beta of 0.96. 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 firm's fifty day moving average price is $236.74 and its two-hundred day moving average price is $244.95.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $6.82 EPS for the quarter, missing analysts' consensus estimates of $6.84 by ($0.02). The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $7.21 earnings per share. On average, equities research analysts anticipate that Asbury Automotive Group, Inc. will post 26.28 EPS for the current fiscal year.
Asbury Automotive Group Profile
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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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