New York State Common Retirement Fund Has $16.20 Million Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

New York State Common Retirement Fund raised its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,645 shares of the company’s stock after buying an additional 389 shares during the quarter. New York State Common Retirement Fund owned about 0.34% of Asbury Automotive Group worth $16,197,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Asbury Automotive Group in the 3rd quarter worth $31,000. KBC Group NV grew its position in Asbury Automotive Group by 52.3% during the fourth quarter. KBC Group NV now owns 769 shares of the company’s stock worth $187,000 after buying an additional 264 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Asbury Automotive Group by 17.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after acquiring an additional 123 shares during the period. Stephens Inc. AR acquired a new position in Asbury Automotive Group in the 4th quarter valued at approximately $213,000. Finally, Highland Capital Management LLC bought a new stake in shares of Asbury Automotive Group in the 4th quarter worth approximately $216,000.

Asbury Automotive Group Trading Down 3.8 %

Shares of Asbury Automotive Group stock opened at $276.73 on Monday. Asbury Automotive Group, Inc. has a 12-month low of $202.98 and a 12-month high of $312.56. The stock has a market capitalization of $5.42 billion, a P/E ratio of 12.87 and a beta of 1.20. The company has a 50-day simple moving average of $265.03 and a 200 day simple moving average of $248.23. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stephens boosted their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Craig Hallum cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Seaport Res Ptn cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $264.00.

Insider Transactions at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the sale, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. This represents a 24.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

About Asbury Automotive Group

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.