Asbury Automotive Group, Inc. (NYSE:ABG) Stake Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,944 shares of the company’s stock after selling 193 shares during the quarter. Yousif Capital Management LLC’s holdings in Asbury Automotive Group were worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ABG. GAMMA Investing LLC boosted its position in Asbury Automotive Group by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 393 shares of the company’s stock worth $94,000 after acquiring an additional 101 shares during the period. Inspire Investing LLC boosted its position in Asbury Automotive Group by 13.0% during the 3rd quarter. Inspire Investing LLC now owns 1,734 shares of the company’s stock worth $414,000 after acquiring an additional 199 shares during the period. Creative Planning lifted its holdings in shares of Asbury Automotive Group by 5.1% during the 3rd quarter. Creative Planning now owns 4,129 shares of the company’s stock valued at $985,000 after buying an additional 200 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at about $154,270,000. Finally, Moody Aldrich Partners LLC lifted its holdings in shares of Asbury Automotive Group by 17.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 10,830 shares of the company’s stock valued at $2,584,000 after buying an additional 1,627 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ABG shares. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Seaport Res Ptn lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Stephens lifted their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Craig Hallum upgraded Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $264.00.

Asbury Automotive Group Stock Performance

Shares of NYSE ABG opened at $300.67 on Wednesday. The company has a market cap of $5.89 billion, a P/E ratio of 13.98 and a beta of 1.20. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a 12 month low of $202.98 and a 12 month high of $312.56. The business’s 50 day moving average is $258.93 and its two-hundred day moving average is $245.44.

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.