Quadrature Capital Ltd Has $4.06 Million Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Quadrature Capital Ltd increased its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 147.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,037 shares of the company’s stock after acquiring an additional 10,737 shares during the period. Quadrature Capital Ltd owned about 0.09% of Asbury Automotive Group worth $4,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ABG. Vanguard Personalized Indexing Management LLC boosted its position in shares of Asbury Automotive Group by 7.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,260 shares of the company’s stock worth $290,000 after acquiring an additional 86 shares in the last quarter. Pathstone Family Office LLC bought a new position in Asbury Automotive Group in the 3rd quarter valued at approximately $202,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Asbury Automotive Group by 26.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,507 shares of the company’s stock valued at $347,000 after purchasing an additional 312 shares during the last quarter. Deutsche Bank AG lifted its stake in Asbury Automotive Group by 9.2% in the 3rd quarter. Deutsche Bank AG now owns 10,324 shares of the company’s stock valued at $2,375,000 after purchasing an additional 870 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Asbury Automotive Group in the 3rd quarter valued at approximately $36,000.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded shares of Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price objective for the company. in a research note on Monday, June 10th.

Asbury Automotive Group Price Performance

ABG stock opened at $233.04 on Wednesday. The company has a fifty day moving average price of $227.13 and a 200-day moving average price of $219.88. The company has a market capitalization of $4.70 billion, a P/E ratio of 8.49 and a beta of 1.19. Asbury Automotive Group, Inc. has a 52-week low of $178.40 and a 52-week high of $256.39. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 1.06.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.76 by ($0.55). The business had revenue of $4.20 billion for 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%. Asbury Automotive Group’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $8.37 EPS. As a group, equities analysts expect that Asbury Automotive Group, Inc. will post 29.6 EPS for the current year.

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.