Stephens Inc. AR acquired a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 875 shares of the company’s stock, valued at approximately $213,000.
Several other hedge funds also recently modified their holdings of ABG. State Street Corp raised its stake in Asbury Automotive Group by 0.5% in the third quarter. State Street Corp now owns 801,391 shares of the company’s stock valued at $191,204,000 after buying an additional 3,672 shares during the period. Assenagon Asset Management S.A. grew its position in Asbury Automotive Group by 366.1% during the third quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company’s stock worth $45,233,000 after buying an additional 148,910 shares in the last quarter. Natixis Advisors LLC bought a new position in Asbury Automotive Group during the 3rd quarter worth $26,573,000. International Assets Investment Management LLC acquired a new position in Asbury Automotive Group in the 3rd quarter valued at $154,270,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at $14,219,000.
Analyst Ratings Changes
A number of research analysts recently commented on the company. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Craig Hallum upgraded shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of 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 cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Stephens upped their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $264.00.
Asbury Automotive Group Price Performance
Shares of NYSE:ABG opened at $303.01 on Monday. Asbury Automotive Group, Inc. has a one year low of $202.98 and a one year high of $312.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 14.09 and a beta of 1.20. The firm has a 50 day simple moving average of $261.34 and a 200 day simple moving average of $246.30.
About Asbury Automotive Group
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.
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