UBS Group AG Sells 94,467 Shares of Asbury Automotive Group, Inc. $ABG

UBS Group AG lessened its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABGFree Report) by 49.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 97,475 shares of the company’s stock after selling 94,467 shares during the period. UBS Group AG’s holdings in Asbury Automotive Group were worth $22,666,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Quarry LP raised its stake in shares of Asbury Automotive Group by 319.2% in the 3rd quarter. Quarry LP now owns 109 shares of the company’s stock valued at $27,000 after acquiring an additional 83 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Asbury Automotive Group by 69.2% in the second quarter. Osaic Holdings Inc. now owns 132 shares of the company’s stock valued at $31,000 after purchasing an additional 54 shares during the period. Salomon & Ludwin LLC lifted its stake in shares of Asbury Automotive Group by 76.0% in the fourth quarter. Salomon & Ludwin LLC now owns 132 shares of the company’s stock worth $32,000 after buying an additional 57 shares during the last quarter. eCIO Inc. acquired a new stake in shares of Asbury Automotive Group in the fourth quarter worth $33,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Asbury Automotive Group by 76.5% during the 4th quarter. Farther Finance Advisors LLC now owns 143 shares of the company’s stock worth $33,000 after buying an additional 62 shares during the period.

Asbury Automotive Group Stock Down 1.2%

Shares of ABG opened at $198.03 on Tuesday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 1.10 and a beta of 0.78. Asbury Automotive Group, Inc. has a 52 week low of $184.61 and a 52 week high of $274.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.29 and a current ratio of 0.94. The business’s fifty day moving average price is $199.97 and its two-hundred day moving average price is $222.46.

Asbury Automotive Group (NYSE:ABGGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $5.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.62 by ($0.25). The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.37 billion. Asbury Automotive Group had a net margin of 3.05% and a return on equity of 13.39%. The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $6.82 EPS. On average, analysts predict that Asbury Automotive Group, Inc. will post 25.74 earnings per share for the current year.

Insider Activity

In other Asbury Automotive Group news, Director B. Christopher Disantis purchased 500 shares of the stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $202.30 per share, for a total transaction of $101,150.00. Following the transaction, the director directly owned 5,400 shares in the company, valued at $1,092,420. This represents a 10.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

ABG has been the subject of a number of research reports. Weiss Ratings downgraded shares of Asbury Automotive Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, April 29th. Bank of America initiated coverage on shares of Asbury Automotive Group in a research report on Wednesday, March 4th. They set a “buy” rating for the company. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $235.00 to $220.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Stephens lowered their price target on Asbury Automotive Group from $277.00 to $254.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Citigroup cut their price target on Asbury Automotive Group from $260.00 to $212.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Asbury Automotive Group currently has a consensus rating of “Hold” and an average price target of $238.00.

Get Our Latest Stock Analysis on Asbury Automotive Group

About Asbury Automotive Group

(Free Report)

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.

Further Reading

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

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