Van ECK Associates Corp Reduces Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Van ECK Associates Corp cut its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,537 shares of the company’s stock after selling 80 shares during the quarter. Van ECK Associates Corp owned approximately 0.12% of Asbury Automotive Group worth $5,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ABG. SkyView Investment Advisors LLC increased its stake in shares of Asbury Automotive Group by 2.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock worth $506,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Asbury Automotive Group by 3.2% in the third quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock worth $409,000 after buying an additional 53 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Asbury Automotive Group by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock valued at $440,000 after buying an additional 57 shares in the last quarter. US Bancorp DE grew its stake in shares of Asbury Automotive Group by 2.6% during the 3rd quarter. US Bancorp DE now owns 3,851 shares of the company’s stock valued at $919,000 after acquiring an additional 99 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Asbury Automotive Group by 2.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,931 shares of the company’s stock worth $938,000 after acquiring an additional 112 shares in the last quarter.

Asbury Automotive Group Stock Performance

Shares of Asbury Automotive Group stock opened at $300.50 on Wednesday. The company has a 50-day simple moving average of $262.24 and a two-hundred day simple moving average of $246.58. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. Asbury Automotive Group, Inc. has a one year low of $202.98 and a one year high of $312.56. The company has a market capitalization of $5.89 billion, a PE ratio of 13.97 and a beta of 1.20.

Analyst Ratings Changes

ABG has been the topic of several recent analyst reports. Stephens lifted their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Craig Hallum upgraded Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Seaport Res Ptn cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their price target on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $264.00.

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.