SG Americas Securities LLC Sells 2,533 Shares of Asbury Automotive Group, Inc. $ABG

SG Americas Securities LLC lowered its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 82.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 544 shares of the company’s stock after selling 2,533 shares during the period. SG Americas Securities LLC’s holdings in Asbury Automotive Group were worth $133,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ABG. AQR Capital Management LLC boosted its position in Asbury Automotive Group by 11.0% during the first quarter. AQR Capital Management LLC now owns 6,263 shares of the company’s stock valued at $1,383,000 after acquiring an additional 619 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Asbury Automotive Group by 49.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 278,760 shares of the company’s stock valued at $61,561,000 after purchasing an additional 91,767 shares during the period. United Services Automobile Association bought a new stake in shares of Asbury Automotive Group during the 1st quarter valued at about $265,000. Empowered Funds LLC boosted its position in shares of Asbury Automotive Group by 11.4% during the 1st quarter. Empowered Funds LLC now owns 7,639 shares of the company’s stock valued at $1,687,000 after purchasing an additional 783 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Asbury Automotive Group by 3.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,239 shares of the company’s stock worth $11,316,000 after purchasing an additional 1,676 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently commented on ABG. Zacks Research downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Asbury Automotive Group from $230.00 to $235.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 5th. Barclays decreased their price target on shares of Asbury Automotive Group from $251.00 to $250.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Morgan Stanley set a $230.00 price objective on shares of Asbury Automotive Group in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Asbury Automotive Group in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $250.43.

Asbury Automotive Group Stock Down 1.1%

Shares of NYSE ABG opened at $234.52 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.30. The company has a 50-day moving average price of $240.29 and a 200-day moving average price of $239.25. The stock has a market capitalization of $4.56 billion, a P/E ratio of 8.22 and a beta of 0.82. Asbury Automotive Group, Inc. has a 1 year low of $201.68 and a 1 year high of $309.99.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, October 28th. The company reported $7.17 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.37. Asbury Automotive Group had a return on equity of 15.26% and a net margin of 3.15%.The business had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same period in the prior year, the firm posted $6.35 EPS. Asbury Automotive Group’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Asbury Automotive Group, Inc. will post 26.28 EPS for the current fiscal year.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.

In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.