Seizert Capital Partners LLC Takes Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Seizert Capital Partners LLC acquired a new stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,713 shares of the company's stock, valued at approximately $1,510,000.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in Asbury Automotive Group during the 3rd quarter worth approximately $36,000. GAMMA Investing LLC bought a new stake in Asbury Automotive Group during the 4th quarter worth approximately $48,000. Blue Trust Inc. grew its position in Asbury Automotive Group by 31.2% during the 4th quarter. Blue Trust Inc. now owns 244 shares of the company's stock worth $56,000 after acquiring an additional 58 shares during the last quarter. Pathstone Family Office LLC bought a new stake in Asbury Automotive Group during the 3rd quarter worth approximately $202,000. Finally, Paulson Wealth Management Inc. grew its position in Asbury Automotive Group by 14.3% during the 3rd quarter. Paulson Wealth Management Inc. now owns 985 shares of the company's stock worth $227,000 after acquiring an additional 123 shares during the last quarter.

Asbury Automotive Group Trading Down 0.6 %

ABG traded down $1.46 during mid-day trading on Friday, reaching $224.82. The stock had a trading volume of 137,942 shares, compared to its average volume of 175,537. The stock has a market capitalization of $4.53 billion, a P/E ratio of 8.19 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 1.06. The firm's fifty day simple moving average is $218.28 and its two-hundred day simple moving average is $213.85. Asbury Automotive Group, Inc. has a 52 week low of $178.40 and a 52 week high of $256.39.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $7.21 EPS for the quarter, missing analysts' consensus estimates of $7.76 by ($0.55). The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.26 billion. Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.12%. The firm's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.37 earnings per share. On average, equities analysts predict that Asbury Automotive Group, Inc. will post 30.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Craig Hallum lowered Asbury Automotive Group from a "buy" rating to a "hold" rating and set a $230.00 price target on the stock. in a research report on Thursday, February 8th. JPMorgan Chase & Co. decreased their price target on Asbury Automotive Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd.

Insider Activity

In other 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 owns 8,300 shares of the company's stock, valued at approximately $1,734,700. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding ABG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asbury Automotive Group, Inc. (NYSE:ABG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.