State of Alaska Department of Revenue Grows Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

State of Alaska Department of Revenue grew its stake in Asbury Automotive Group, Inc. (NYSE:ABGGet Rating) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,740 shares of the company’s stock after buying an additional 605 shares during the period. State of Alaska Department of Revenue owned approximately 0.08% of Asbury Automotive Group worth $2,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABG. Vanguard Group Inc. lifted its holdings in shares of Asbury Automotive Group by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 2,577,260 shares of the company’s stock worth $412,878,000 after acquiring an additional 122,138 shares during the last quarter. State Street Corp lifted its holdings in shares of Asbury Automotive Group by 2.0% in the 1st quarter. State Street Corp now owns 807,809 shares of the company’s stock worth $129,411,000 after acquiring an additional 16,163 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Asbury Automotive Group by 35.4% in the 1st quarter. Capital Research Global Investors now owns 761,102 shares of the company’s stock worth $121,929,000 after acquiring an additional 198,985 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in shares of Asbury Automotive Group by 11.5% in the 1st quarter. Congress Asset Management Co. MA now owns 748,183 shares of the company’s stock worth $119,859,000 after acquiring an additional 76,929 shares during the last quarter. Finally, Simcoe Capital Management LLC lifted its holdings in shares of Asbury Automotive Group by 10.5% in the 4th quarter. Simcoe Capital Management LLC now owns 721,990 shares of the company’s stock worth $124,709,000 after acquiring an additional 68,635 shares during the last quarter.

Asbury Automotive Group Stock Down 0.9 %

Shares of Asbury Automotive Group stock opened at $148.90 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The company’s fifty day simple moving average is $173.19 and its two-hundred day simple moving average is $173.79. The company has a market cap of $3.30 billion, a P/E ratio of 4.45, a PEG ratio of 0.22 and a beta of 1.11. Asbury Automotive Group, Inc. has a 12-month low of $146.43 and a 12-month high of $230.96.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ABG. Morgan Stanley boosted their price objective on shares of Asbury Automotive Group from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Asbury Automotive Group from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, August 1st. Bank of America lowered their price target on shares of Asbury Automotive Group from $385.00 to $368.00 and set a “buy” rating for the company in a report on Friday, September 9th. Finally, StockNews.com upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.60.

Asbury Automotive Group 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.

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

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