Stevens Capital Management LP acquired a new position in shares of Asbury Automotive Group Inc (NYSE:ABG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,884 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Asbury Automotive Group by 6.2% during the 2nd quarter. BlackRock Inc. now owns 2,671,470 shares of the company’s stock valued at $151,072,000 after buying an additional 156,996 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Asbury Automotive Group by 3.6% during the first quarter. Vanguard Group Inc. now owns 1,777,156 shares of the company’s stock valued at $106,807,000 after purchasing an additional 62,076 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Asbury Automotive Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 787,194 shares of the company’s stock valued at $47,312,000 after purchasing an additional 12,241 shares in the last quarter. FMR LLC purchased a new position in Asbury Automotive Group during the first quarter valued at $45,869,000. Finally, State Street Corp lifted its holdings in Asbury Automotive Group by 3.6% during the first quarter. State Street Corp now owns 567,287 shares of the company’s stock valued at $34,088,000 after purchasing an additional 19,710 shares in the last quarter. 99.89% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. TheStreet upgraded Asbury Automotive Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Craig Hallum reiterated a “hold” rating and issued a $55.00 price objective (down from $65.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $61.00 target price (down previously from $68.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $56.75.

Shares of Asbury Automotive Group Inc (ABG) opened at 61.90 on Tuesday. Asbury Automotive Group Inc has a 12-month low of $47.50 and a 12-month high of $71.00. The firm has a market cap of $1.31 billion, a P/E ratio of 8.36 and a beta of 1.44. The firm has a 50-day moving average of $55.53 and a 200-day moving average of $56.79.

Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, July 25th. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.09). Asbury Automotive Group had a return on equity of 46.58% and a net margin of 2.53%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The business’s revenue was up .3% on a year-over-year basis. On average, equities analysts forecast that Asbury Automotive Group Inc will post $6.34 earnings per share for the current fiscal year.

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In other news, Director Dennis E. Clements sold 5,000 shares of Asbury Automotive Group stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $58.66, for a total transaction of $293,300.00. Following the completion of the sale, the director now directly owns 20,531 shares in the company, valued at $1,204,348.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Msd Capital L. P sold 104,949 shares of Asbury Automotive Group stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $51.27, for a total transaction of $5,380,735.23. The disclosure for this sale can be found here. Insiders have sold a total of 110,444 shares of company stock valued at $5,700,889 over the last 90 days. Insiders own 11.90% of the company’s stock.

Asbury Automotive Group Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

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

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