LRT Capital Management LLC Sells 6,344 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

LRT Capital Management LLC lessened its holdings in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 41.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,060 shares of the company's stock after selling 6,344 shares during the quarter. Asbury Automotive Group makes up approximately 1.9% of LRT Capital Management LLC's holdings, making the stock its 17th biggest holding. LRT Capital Management LLC's holdings in Asbury Automotive Group were worth $2,038,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ABG. Envestnet Asset Management Inc. increased its stake in shares of Asbury Automotive Group by 1,592.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 483,748 shares of the company's stock valued at $5,672,000 after acquiring an additional 455,168 shares during the last quarter. Norges Bank bought a new stake in shares of Asbury Automotive Group in the 4th quarter valued at about $53,831,000. Capital Research Global Investors increased its stake in shares of Asbury Automotive Group by 35.4% in the 1st quarter. Capital Research Global Investors now owns 761,102 shares of the company's stock valued at $121,929,000 after acquiring an additional 198,985 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Asbury Automotive Group by 360.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 241,841 shares of the company's stock valued at $40,953,000 after acquiring an additional 189,329 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Asbury Automotive Group by 680.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 187,832 shares of the company's stock valued at $39,445,000 after acquiring an additional 163,754 shares during the last quarter.

Analyst Ratings Changes

Separately, Craig Hallum lowered shares of Asbury Automotive Group from a "buy" rating to a "hold" rating and set a $230.00 price target for the company. in a report on Thursday, February 8th.

Insider Activity

In related news, SVP Jed Milstein sold 3,955 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total transaction of $826,595.00. Following the completion of the transaction, the senior vice president now directly owns 8,300 shares in the company, valued at $1,734,700. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.53% of the company's stock.

Asbury Automotive Group Stock Up 1.7 %

Shares of NYSE:ABG traded up $3.63 during trading on Friday, hitting $215.12. 157,031 shares of the company's stock traded hands, compared to its average volume of 141,593. Asbury Automotive Group, Inc. has a 52 week low of $178.40 and a 52 week high of $256.39. The company has a current ratio of 1.06, a quick ratio of 0.45 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 7.52 and a beta of 1.18. The company has a 50-day moving average price of $216.97 and a 200-day moving average price of $213.02.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $7.12 EPS for the quarter, missing the consensus estimate of $7.74 by ($0.62). The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.70 billion. Asbury Automotive Group had a net margin of 4.07% and a return on equity of 21.68%. The company's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.12 earnings per share. As a group, research analysts forecast that Asbury Automotive Group, Inc. will post 31.46 EPS for the current fiscal year.

About Asbury Automotive Group

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.