Jump Financial LLC Takes Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Jump Financial LLC purchased a new position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,800 shares of the company's stock, valued at approximately $680,000.

A number of other institutional investors also recently bought and sold shares of the stock. GoodHaven Capital Management LLC bought a new position in shares of Asbury Automotive Group during the fourth quarter valued at approximately $2,916,000. Magnolia Group LLC increased its position in Asbury Automotive Group by 2.1% during the 4th quarter. Magnolia Group LLC now owns 149,123 shares of the company's stock valued at $36,241,000 after buying an additional 3,000 shares in the last quarter. Intech Investment Management LLC raised its stake in Asbury Automotive Group by 52.3% during the fourth quarter. Intech Investment Management LLC now owns 7,805 shares of the company's stock valued at $1,897,000 after buying an additional 2,680 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Asbury Automotive Group in the fourth quarter worth $221,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Asbury Automotive Group by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company's stock worth $51,465,000 after acquiring an additional 3,273 shares during the last quarter.

Insiders Place Their Bets

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares of the company's stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company's stock.

Asbury Automotive Group Stock Performance

NYSE:ABG traded up $1.73 on Monday, hitting $225.27. The stock had a trading volume of 325,131 shares, compared to its average volume of 202,188. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 10.47 and a beta of 1.04. 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's 50-day simple moving average is $236.52 and its two-hundred day simple moving average is $249.62. Asbury Automotive Group, Inc. has a 52-week low of $201.68 and a 52-week high of $312.56.

Analyst Upgrades and Downgrades

ABG has been the subject of several analyst reports. 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 report on Thursday, March 27th. Citigroup initiated coverage on Asbury Automotive Group in a report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price target for the company. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Stephens raised their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and one has assigned 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.

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.