Peregrine Capital Management LLC Sells 1,092 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Peregrine Capital Management LLC trimmed its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,018 shares of the company’s stock after selling 1,092 shares during the quarter. Peregrine Capital Management LLC’s holdings in Asbury Automotive Group were worth $7,295,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ABG. Janney Montgomery Scott LLC acquired a new position in shares of Asbury Automotive Group during the 3rd quarter valued at about $804,000. Intech Investment Management LLC bought a new stake in Asbury Automotive Group during the third quarter worth approximately $1,223,000. Empirical Asset Management LLC acquired a new position in Asbury Automotive Group during the fourth quarter valued at approximately $484,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Asbury Automotive Group in the fourth quarter valued at approximately $221,000. Finally, International Assets Investment Management LLC bought a new position in shares of Asbury Automotive Group in the third quarter valued at approximately $154,270,000.

Asbury Automotive Group Stock Down 0.9 %

NYSE ABG opened at $300.50 on Wednesday. Asbury Automotive Group, Inc. has a twelve month low of $202.98 and a twelve month high of $312.56. The stock has a market cap of $5.89 billion, a PE ratio of 13.97 and a beta of 1.20. The firm has a 50-day simple moving average of $262.24 and a 200 day simple moving average of $246.58. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ABG. JPMorgan Chase & Co. lowered their target price on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Seaport Res Ptn lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Stephens boosted their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Craig Hallum raised Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $264.00.

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.