Asbury Automotive Group, Inc. (NYSE:ABG – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 1,860,000 shares, a decrease of 5.6% from the June 30th total of 1,970,000 shares. Based on an average daily trading volume, of 179,900 shares, the days-to-cover ratio is presently 10.3 days.
Institutional Investors Weigh In On Asbury Automotive Group
Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Asbury Automotive Group during the 4th quarter worth approximately $67,417,000. Eminence Capital LP grew its holdings in Asbury Automotive Group by 27.2% in the fourth quarter. Eminence Capital LP now owns 328,093 shares of the company’s stock worth $73,811,000 after purchasing an additional 70,089 shares during the period. Dimensional Fund Advisors LP increased its stake in Asbury Automotive Group by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 894,595 shares of the company’s stock valued at $201,261,000 after purchasing an additional 65,872 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Asbury Automotive Group during the fourth quarter valued at about $12,855,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Asbury Automotive Group during the 1st quarter worth about $9,823,000.
Asbury Automotive Group Stock Performance
ABG stock opened at $257.42 on Wednesday. Asbury Automotive Group has a 1-year low of $178.40 and a 1-year high of $259.67. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average price of $235.90 and a 200-day moving average price of $223.62. The firm has a market cap of $5.19 billion, a PE ratio of 9.38 and a beta of 1.17.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on ABG
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.
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