21,873 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Asbury Automotive Group, Inc. (NYSE:ABG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,873 shares of the company’s stock, valued at approximately $5,316,000. Proficio Capital Partners LLC owned 0.11% of Asbury Automotive Group at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Asbury Automotive Group by 234.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock worth $122,000 after acquiring an additional 351 shares during the period. KBC Group NV increased its holdings in shares of Asbury Automotive Group by 52.3% during the 4th quarter. KBC Group NV now owns 769 shares of the company’s stock worth $187,000 after purchasing an additional 264 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Asbury Automotive Group by 17.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock worth $204,000 after purchasing an additional 123 shares during the period. Stephens Inc. AR bought a new position in shares of Asbury Automotive Group during the 4th quarter worth about $213,000. Finally, Highland Capital Management LLC bought a new position in shares of Asbury Automotive Group during the 4th quarter worth about $216,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ABG shares. Stephens boosted their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on shares of 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, Craig Hallum cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Asbury Automotive Group currently has a consensus rating of “Hold” and an average price target of $264.00.

Insider Buying and Selling at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

Asbury Automotive Group Stock Performance

NYSE ABG opened at $231.04 on Monday. The stock has a market cap of $4.54 billion, a P/E ratio of 10.74 and a beta of 1.22. Asbury Automotive Group, Inc. has a twelve month low of $206.62 and a twelve month high of $312.56. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The company’s 50-day simple moving average is $268.34 and its 200 day simple moving average is $250.64.

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.