Nisa Investment Advisors LLC Takes Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Nisa Investment Advisors LLC acquired a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 714 shares of the company’s stock, valued at approximately $114,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Asbury Automotive Group during the 1st quarter worth approximately $29,000. First Horizon Advisors Inc. boosted its stake in Asbury Automotive Group by 78.4% during the 4th quarter. First Horizon Advisors Inc. now owns 223 shares of the company’s stock worth $38,000 after acquiring an additional 98 shares during the last quarter. Maverick Capital Ltd. bought a new position in Asbury Automotive Group during the 4th quarter worth approximately $132,000. Islay Capital Management LLC bought a new position in Asbury Automotive Group during the 1st quarter worth approximately $133,000. Finally, C M Bidwell & Associates Ltd. boosted its stake in Asbury Automotive Group by 204.7% during the 1st quarter. C M Bidwell & Associates Ltd. now owns 1,161 shares of the company’s stock worth $186,000 after acquiring an additional 780 shares during the last quarter.

Asbury Automotive Group Stock Performance

Shares of ABG opened at $171.96 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.70 and a current ratio of 1.14. Asbury Automotive Group, Inc. has a twelve month low of $146.43 and a twelve month high of $230.96. The firm has a market cap of $3.81 billion, a P/E ratio of 5.35, a PEG ratio of 0.25 and a beta of 1.19. The firm’s 50 day moving average price is $172.32 and its two-hundred day moving average price is $173.14.

Asbury Automotive Group (NYSE:ABG – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $9.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.92 by $0.35. Asbury Automotive Group had a net margin of 5.86% and a return on equity of 39.72%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the company earned $4.68 earnings per share. The firm’s revenue was up 78.4% compared to the same quarter last year. On average, analysts forecast that Asbury Automotive Group, Inc. will post 35.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Asbury Automotive Group from $215.00 to $195.00 in a research note on Friday, July 15th. Morgan Stanley cut their price target on shares of Asbury Automotive Group from $152.00 to $130.00 and set an “underweight” rating on the stock in a research note on Thursday, July 14th. Finally, StockNews.com lowered shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $200.00.

Asbury Automotive Group Company Profile

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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.