Quantbot Technologies LP Grows Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Quantbot Technologies LP increased its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 172.1% in the third quarter, Holdings Channel reports. The institutional investor owned 14,191 shares of the company’s stock after acquiring an additional 8,976 shares during the quarter. Quantbot Technologies LP’s holdings in Asbury Automotive Group were worth $3,386,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of Asbury Automotive Group by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 10,980 shares of the company’s stock valued at $2,588,000 after purchasing an additional 60 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Asbury Automotive Group by 56.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,446 shares of the company’s stock worth $333,000 after buying an additional 521 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Asbury Automotive Group in the 1st quarter worth approximately $537,000. Boston Partners bought a new stake in shares of Asbury Automotive Group in the 1st quarter valued at approximately $878,000. Finally, GAMMA Investing LLC lifted its stake in Asbury Automotive Group by 100.0% during the second quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock worth $67,000 after purchasing an additional 146 shares during the last quarter.

Asbury Automotive Group Price Performance

Shares of Asbury Automotive Group stock opened at $259.88 on Thursday. Asbury Automotive Group, Inc. has a 52 week low of $195.09 and a 52 week high of $277.13. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $238.74 and its two-hundred day moving average price is $236.45. The stock has a market cap of $5.09 billion, a PE ratio of 14.71 and a beta of 1.16.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.12 earnings per share. As a group, sell-side analysts anticipate that Asbury Automotive Group, Inc. will post 25.17 EPS for the current fiscal year.

Analysts Set New Price Targets

ABG has been the topic of a number of research reports. Seaport Res Ptn cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Bank of America dropped their price target on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Stephens initiated coverage on Asbury Automotive Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $216.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Asbury Automotive Group currently has a consensus rating of “Hold” and a consensus target price of $256.20.

Asbury Automotive Group 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.