Foundry Partners LLC Invests $4.24 Million in Asbury Automotive Group, Inc. (NYSE:ABG)

Foundry Partners LLC purchased a new stake 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 and Exchange Commission. The institutional investor purchased 18,842 shares of the company's stock, valued at approximately $4,239,000. Foundry Partners LLC owned approximately 0.09% of Asbury Automotive Group as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ABG. Schroder Investment Management Group raised its holdings in shares of Asbury Automotive Group by 120.5% in the 3rd quarter. Schroder Investment Management Group now owns 198,739 shares of the company's stock worth $45,724,000 after buying an additional 108,595 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Asbury Automotive Group in the 4th quarter worth approximately $12,855,000. Assenagon Asset Management S.A. acquired a new position in shares of Asbury Automotive Group in the 3rd quarter worth approximately $12,207,000. Kensico Capital Management Corp raised its holdings in shares of Asbury Automotive Group by 73.7% in the 3rd quarter. Kensico Capital Management Corp now owns 103,000 shares of the company's stock worth $23,697,000 after buying an additional 43,700 shares in the last quarter. Finally, Tudor Investment Corp Et Al raised its holdings in shares of Asbury Automotive Group by 12,319.0% in the 3rd quarter. Tudor Investment Corp Et Al now owns 24,838 shares of the company's stock worth $5,714,000 after buying an additional 24,638 shares in the last quarter.

Analyst Ratings Changes

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

Asbury Automotive Group Price Performance

NYSE ABG traded up $1.92 during trading hours on Monday, reaching $217.04. 152,173 shares of the company's stock were exchanged, compared to its average volume of 164,753. The stock has a market cap of $4.38 billion, a PE ratio of 7.59 and a beta of 1.18. Asbury Automotive Group, Inc. has a one year low of $178.40 and a one year high of $256.39. The firm has a fifty day moving average of $216.97 and a 200-day moving average of $213.02. The company has a current ratio of 1.06, a quick ratio of 0.45 and a debt-to-equity ratio of 0.96.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $7.12 EPS for the quarter, missing analysts' consensus estimates of $7.74 by ($0.62). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.70 billion. Asbury Automotive Group had a return on equity of 21.68% and a net margin of 4.07%. The firm's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $9.12 earnings per share. On average, equities research analysts predict that Asbury Automotive Group, Inc. will post 31.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Asbury Automotive Group

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

Asbury Automotive Group 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.