MQS Management LLC trimmed its holdings in Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) by 17.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,313 shares of the company’s stock after selling 274 shares during the quarter. MQS Management LLC’s holdings in Asbury Automotive Group were worth $310,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ABG. Blue Trust Inc. increased its stake in Asbury Automotive Group by 31.2% in the 4th quarter. Blue Trust Inc. now owns 244 shares of the company’s stock valued at $56,000 after buying an additional 58 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Asbury Automotive Group in the 4th quarter valued at about $12,855,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Asbury Automotive Group by 31.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,589 shares of the company’s stock valued at $3,957,000 after purchasing an additional 4,198 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Asbury Automotive Group in the 4th quarter valued at about $297,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Asbury Automotive Group in the 4th quarter valued at about $2,317,000.
Asbury Automotive Group Price Performance
NYSE:ABG traded up $2.50 during mid-day trading on Friday, hitting $251.95. 17,150 shares of the company’s stock traded hands, compared to its average volume of 170,966. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 1.06. The firm’s 50 day simple moving average is $235.20 and its 200 day simple moving average is $222.60. Asbury Automotive Group, Inc. has a 1 year low of $178.40 and a 1 year high of $259.67. The company has a market cap of $5.08 billion, a PE ratio of 9.09 and a beta of 1.17.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. downgraded shares of Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price target for the company. in a report on Monday, June 10th.
Check Out Our Latest Stock Analysis on Asbury Automotive Group
Asbury Automotive Group Company Profile
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.
Featured Articles
- Five stocks we like better than Asbury Automotive Group
- What is a SEC Filing?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Investing in large cap stocks: Diving into big caps
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- 3 Warren Buffett Stocks to Buy Now
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
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 – Free Report).
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.