GSA Capital Partners LLP bought a new position in Asbury Automotive Group, Inc. (NYSE:ABG) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 2,874 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in Asbury Automotive Group in the third quarter worth $29,000. Nisa Investment Advisors LLC raised its stake in shares of Asbury Automotive Group by 281.3% in the third quarter. Nisa Investment Advisors LLC now owns 610 shares of the company’s stock valued at $59,000 after acquiring an additional 450 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Asbury Automotive Group by 11.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 941 shares of the company’s stock worth $73,000 after acquiring an additional 98 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Asbury Automotive Group by 43.2% during the 2nd quarter. IFP Advisors Inc now owns 1,830 shares of the company’s stock worth $143,000 after purchasing an additional 552 shares during the period. Finally, Amalgamated Bank bought a new position in Asbury Automotive Group during the 3rd quarter valued at about $228,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Juanita T. James sold 1,000 shares of Asbury Automotive Group stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $110.13, for a total transaction of $110,130.00. Following the transaction, the director now directly owns 6,871 shares of the company’s stock, valued at $756,703.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.01% of the stock is currently owned by company insiders.

Several research analysts have issued reports on ABG shares. Bank of America dropped their target price on Asbury Automotive Group from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Tuesday, November 17th. Craig Hallum downgraded Asbury Automotive Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $100.00 to $110.00 in a research report on Wednesday, July 29th. Seaport Global Securities started coverage on Asbury Automotive Group in a research report on Monday, October 19th. They set a “buy” rating and a $133.00 target price for the company. Morgan Stanley upped their price target on shares of Asbury Automotive Group from $100.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Finally, Truist raised their price target on shares of Asbury Automotive Group from $110.00 to $120.00 in a research note on Friday, October 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $113.38.

Shares of Asbury Automotive Group stock opened at $117.04 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.39 and a debt-to-equity ratio of 1.45. The stock’s fifty day moving average price is $114.46 and its 200-day moving average price is $95.39. The firm has a market cap of $2.26 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.55 and a beta of 1.80. Asbury Automotive Group, Inc. has a 12 month low of $39.36 and a 12 month high of $129.78.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Sunday, November 1st. The company reported $4.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.91 by $0.17. Asbury Automotive Group had a net margin of 3.08% and a return on equity of 29.87%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business earned $2.33 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts forecast that Asbury Automotive Group, Inc. will post 12.42 earnings per share for the current year.

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.

Recommended Story: Understanding Specialty Certificates of Deposit

Want to see what other hedge funds are holding ABG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asbury Automotive Group, Inc. (NYSE:ABG).

Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

Receive News & Ratings for Asbury Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.