MML Investors Services LLC Sells 63 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

MML Investors Services LLC lowered its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,357 shares of the company’s stock after selling 63 shares during the quarter. MML Investors Services LLC’s holdings in Asbury Automotive Group were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABG. CoreCap Advisors LLC bought a new stake in shares of Asbury Automotive Group during the second quarter worth $38,000. Ronald Blue Trust Inc. grew its stake in shares of Asbury Automotive Group by 305.0% during the third quarter. Ronald Blue Trust Inc. now owns 243 shares of the company’s stock worth $41,000 after purchasing an additional 183 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Asbury Automotive Group by 236.9% during the third quarter. Quadrant Capital Group LLC now owns 411 shares of the company’s stock worth $62,000 after purchasing an additional 289 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Asbury Automotive Group during the second quarter worth $202,000. Finally, Origin Asset Management LLP acquired a new stake in shares of Asbury Automotive Group during the second quarter worth $208,000.

Analyst Ratings Changes

ABG has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on Asbury Automotive Group from $135.00 to $128.00 and set an “underweight” rating for the company in a research note on Tuesday, January 17th. Stephens lifted their price objective on Asbury Automotive Group to $280.00 in a research note on Tuesday, February 7th. Finally, StockNews.com raised Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 28th.

Insider Activity

In other news, Director Berman Bridget Ryan sold 1,050 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $231.44, for a total value of $243,012.00. Following the sale, the director now directly owns 4,617 shares in the company, valued at $1,068,558.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP George A. Villasana sold 2,828 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $235.60, for a total value of $666,276.80. Following the sale, the senior vice president now directly owns 4,290 shares in the company, valued at $1,010,724. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Berman Bridget Ryan sold 1,050 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $231.44, for a total value of $243,012.00. Following the sale, the director now owns 4,617 shares in the company, valued at approximately $1,068,558.48. The disclosure for this sale can be found here. Insiders have sold a total of 31,928 shares of company stock worth $7,441,409 over the last three months. Corporate insiders own 0.72% of the company’s stock.

Asbury Automotive Group Stock Down 4.0 %

NYSE:ABG opened at $225.24 on Monday. Asbury Automotive Group, Inc. has a 1 year low of $138.88 and a 1 year high of $253.67. The company has a current ratio of 1.85, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 5.05, a PEG ratio of 0.40 and a beta of 1.14. The stock has a 50-day moving average price of $214.59 and a two-hundred day moving average price of $183.42.

Asbury Automotive Group (NYSE:ABG – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $9.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.23 by $0.89. Asbury Automotive Group had a return on equity of 33.22% and a net margin of 6.46%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the firm earned $7.46 earnings per share. The company’s revenue was up 39.4% on a year-over-year basis. As a group, equities analysts expect that Asbury Automotive Group, Inc. will post 30.4 earnings per share for the current year.

Asbury Automotive Group Company Profile

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Asbury Automotive Group, Inc operates as a franchised automotive retailer. It operates through the Dealerships and Total Care Auto (TCA) segments. The Dealerships segment offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle including the sale of new and used vehicles and the provision of vehicle repair and maintenance services, replacement parts, and collision repair services.