Swiss National Bank trimmed its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,700 shares of the company’s stock after selling 300 shares during the period. Swiss National Bank owned approximately 0.23% of Asbury Automotive Group worth $8,755,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Focused Wealth Management Inc acquired a new position in shares of Asbury Automotive Group during the second quarter worth approximately $27,000. Nisa Investment Advisors LLC acquired a new position in Asbury Automotive Group in the first quarter valued at approximately $114,000. Islay Capital Management LLC lifted its holdings in Asbury Automotive Group by 26.9% in the second quarter. Islay Capital Management LLC now owns 1,056 shares of the company’s stock valued at $179,000 after buying an additional 224 shares during the period. Legacy Wealth Asset Management LLC acquired a new position in Asbury Automotive Group in the first quarter valued at approximately $208,000. Finally, Hightower 6M Holding LLC acquired a new position in Asbury Automotive Group in the first quarter valued at approximately $210,000.
Asbury Automotive Group Stock Up 0.6 %
Shares of ABG stock opened at $179.49 on Tuesday. The firm has a fifty day moving average of $158.87 and a 200-day moving average of $170.05. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 1.23. Asbury Automotive Group, Inc. has a 12-month low of $138.88 and a 12-month high of $203.92. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 5.11, a P/E/G ratio of 0.26 and a beta of 1.11.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Bank of America cut their price objective on shares of Asbury Automotive Group from $385.00 to $368.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Morgan Stanley increased their target price 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. StockNews.com upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Asbury Automotive Group from $205.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, October 6th.
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.
- Get a free copy of the StockNews.com research report on Asbury Automotive Group (ABG)
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