New York State Teachers Retirement System lifted its position in Asbury Automotive Group Inc (NYSE:ABG) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,031 shares of the company’s stock after buying an additional 2,600 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Asbury Automotive Group worth $979,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Asbury Automotive Group in the 2nd quarter valued at $1,291,000. Aperio Group LLC grew its stake in Asbury Automotive Group by 0.7% during the 2nd quarter. Aperio Group LLC now owns 7,100 shares of the company’s stock worth $402,000 after purchasing an additional 51 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Asbury Automotive Group by 8.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 171,667 shares of the company’s stock worth $10,318,000 after purchasing an additional 13,156 shares in the last quarter. Chicago Equity Partners LLC grew its stake in Asbury Automotive Group by 98.6% during the 2nd quarter. Chicago Equity Partners LLC now owns 35,080 shares of the company’s stock worth $1,984,000 after purchasing an additional 17,420 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in Asbury Automotive Group by 34.6% during the 2nd quarter. River Road Asset Management LLC now owns 478,834 shares of the company’s stock worth $27,078,000 after purchasing an additional 122,969 shares in the last quarter.
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In other news, Director Joel Alsfine sold 200,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $62.00, for a total transaction of $12,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Msd Capital L. P sold 104,949 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $51.27, for a total value of $5,380,735.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 374,333 shares of company stock valued at $22,000,815. 11.90% of the stock is owned by company insiders.
Shares of Asbury Automotive Group Inc (ABG) opened at $61.55 on Tuesday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.38 and a current ratio of 1.25. The company has a market capitalization of $1,289.66, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Asbury Automotive Group Inc has a one year low of $49.10 and a one year high of $71.00.
Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.09). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Asbury Automotive Group had a net margin of 2.54% and a return on equity of 42.24%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 earnings per share. equities research analysts predict that Asbury Automotive Group Inc will post 6.28 earnings per share for the current year.
Several research firms recently commented on ABG. Zacks Investment Research raised Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet raised Asbury Automotive Group from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Craig Hallum reaffirmed a “hold” rating and set a $55.00 price objective (down from $65.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price objective (down from $68.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.75.
About Asbury Automotive Group
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.
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