Asbury Automotive Group, Inc. (NYSE:ABG) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 839 shares of the company’s stock after purchasing an additional 123 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Asbury Automotive Group were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in ABG. Harbor Capital Advisors Inc. acquired a new stake in shares of Asbury Automotive Group in the third quarter worth $31,000. Quarry LP purchased a new stake in Asbury Automotive Group in the 2nd quarter worth about $38,000. GAMMA Investing LLC boosted its stake in shares of Asbury Automotive Group by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 393 shares of the company’s stock valued at $94,000 after buying an additional 101 shares during the period. MML Investors Services LLC acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at $222,000. Finally, Venturi Wealth Management LLC acquired a new position in Asbury Automotive Group in the 3rd quarter worth about $261,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ABG. StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Craig Hallum increased their target price on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Bank of America lowered their price target on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. dropped their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, Seaport Res Ptn cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Asbury Automotive Group presently has an average rating of “Hold” and a consensus target price of $255.20.

Asbury Automotive Group Price Performance

ABG opened at $275.03 on Thursday. Asbury Automotive Group, Inc. has a 52 week low of $195.09 and a 52 week high of $277.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The firm has a market capitalization of $5.39 billion, a PE ratio of 15.56 and a beta of 1.19. The company has a fifty day moving average price of $252.52 and a two-hundred day moving average price of $242.52.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.30 billion. Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.12 EPS. As a group, analysts anticipate that Asbury Automotive Group, Inc. will post 25.16 earnings per share for the current year.

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.