Seven Six Capital Management LLC Takes Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Seven Six Capital Management LLC bought a new stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,601 shares of the company's stock, valued at approximately $2,333,000. Asbury Automotive Group accounts for 2.0% of Seven Six Capital Management LLC's holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Asbury Automotive Group in the fourth quarter valued at $25,000. CIBC Private Wealth Group LLC raised its stake in shares of Asbury Automotive Group by 9.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock worth $117,000 after purchasing an additional 41 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Asbury Automotive Group by 234.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock worth $122,000 after purchasing an additional 351 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Asbury Automotive Group by 275.2% in the fourth 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. Finally, Sterling Capital Management LLC boosted its position in shares of Asbury Automotive Group by 801.4% during the fourth quarter. Sterling Capital Management LLC now owns 631 shares of the company's stock valued at $153,000 after buying an additional 561 shares during the last quarter.

Asbury Automotive Group Stock Down 0.2%

ABG stock traded down $0.39 during midday trading on Thursday, hitting $225.12. The stock had a trading volume of 63,046 shares, compared to its average volume of 219,052. Asbury Automotive Group, Inc. has a 52-week low of $201.68 and a 52-week high of $312.56. The business has a 50-day moving average of $225.53 and a two-hundred day moving average of $249.09. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 10.47 and a beta of 0.98. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $6.82 EPS for the quarter, missing the consensus estimate of $6.84 by ($0.02). Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the firm posted $7.21 earnings per share. The company's revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ABG. Craig Hallum downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Wall Street Zen raised shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. decreased their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Citigroup began coverage on Asbury Automotive Group in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 price objective on the stock. Finally, Stephens boosted their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Asbury Automotive Group presently has an average rating of "Hold" and a consensus target price of $258.50.

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.