Arizona State Retirement System Has $554,000 Position in Asbury Automotive Group Inc (NYSE:ABG)

Arizona State Retirement System continued to hold its position in Asbury Automotive Group Inc (NYSE:ABG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,800 shares of the company’s stock at the end of the second quarter. Arizona State Retirement System’s holdings in Asbury Automotive Group were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in Asbury Automotive Group by 8.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 171,667 shares of the company’s stock valued at $10,318,000 after buying an additional 13,156 shares during the last quarter. BlackRock Inc. grew its position in Asbury Automotive Group by 116,095.7% in the 1st quarter. BlackRock Inc. now owns 2,514,474 shares of the company’s stock valued at $151,120,000 after buying an additional 2,512,310 shares during the last quarter. Aperio Group LLC grew its position in Asbury Automotive Group by 0.7% in the 2nd quarter. Aperio Group LLC now owns 7,100 shares of the company’s stock valued at $402,000 after buying an additional 51 shares during the last quarter. Vanguard Group Inc. grew its position in Asbury Automotive Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 1,777,156 shares of the company’s stock valued at $106,807,000 after buying an additional 62,076 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Asbury Automotive Group by 45.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,874 shares of the company’s stock valued at $113,000 after buying an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s stock.

Asbury Automotive Group Inc (ABG) traded down 0.60% on Thursday, hitting $58.40. The stock had a trading volume of 164,337 shares. The company has a market cap of $1.22 billion, a PE ratio of 7.60 and a beta of 1.42. The stock has a 50-day moving average of $53.69 and a 200-day moving average of $56.92. Asbury Automotive Group Inc has a one year low of $47.50 and a one year high of $71.00.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.09). Asbury Automotive Group had a return on equity of 46.58% and a net margin of 2.53%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $1.65 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts expect that Asbury Automotive Group Inc will post $6.34 earnings per share for the current fiscal year.

ABG has been the subject of a number of recent analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 target price (down previously from $68.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and issued a $58.00 target price (down previously from $60.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. BidaskClub downgraded Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Zacks Investment Research raised Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Craig Hallum reissued a “hold” rating and issued a $55.00 target price (down previously from $65.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Asbury Automotive Group presently has an average rating of “Hold” and an average price target of $57.80.

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In related news, Director Msd Capital L. P sold 104,949 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $51.27, for a total transaction of $5,380,735.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis E. Clements sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $58.66, for a total value of $293,300.00. Following the transaction, the director now directly owns 20,531 shares of the company’s stock, valued at approximately $1,204,348.46. The disclosure for this sale can be found here. Insiders have sold 110,444 shares of company stock valued at $5,700,889 in the last ninety days. Company insiders own 11.90% of the company’s stock.

Asbury Automotive Group Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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