New York State Common Retirement Fund Sells 807 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

New York State Common Retirement Fund reduced its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 71,949 shares of the company’s stock after selling 807 shares during the quarter. New York State Common Retirement Fund’s holdings in Asbury Automotive Group were worth $16,186,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Asbury Automotive Group by 31.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,589 shares of the company’s stock valued at $3,957,000 after buying an additional 4,198 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Asbury Automotive Group in the 4th quarter worth approximately $12,855,000. Envestnet Asset Management Inc. raised its position in Asbury Automotive Group by 18.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 36,265 shares of the company’s stock worth $8,343,000 after buying an additional 5,610 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Asbury Automotive Group during the 3rd quarter worth approximately $4,185,000. Finally, Kensico Capital Management Corp raised its position in Asbury Automotive Group by 73.7% during the 3rd quarter. Kensico Capital Management Corp now owns 103,000 shares of the company’s stock worth $23,697,000 after buying an additional 43,700 shares during the last quarter.

Asbury Automotive Group Stock Performance

ABG opened at $221.97 on Monday. Asbury Automotive Group, Inc. has a 12-month low of $178.40 and a 12-month high of $256.39. The company has a current ratio of 1.06, a quick ratio of 0.45 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $4.48 billion, a PE ratio of 8.09 and a beta of 1.18. The firm has a 50 day moving average of $216.97 and a two-hundred day moving average of $213.19.

Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Thursday, April 25th. The company reported $7.21 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.57). The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.37%. Asbury Automotive Group’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm earned $8.37 earnings per share. On average, analysts anticipate that Asbury Automotive Group, Inc. will post 31.46 EPS for the current year.

Analyst Ratings Changes

Separately, Craig Hallum lowered shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research report on Thursday, February 8th.

Insider Activity

In other news, SVP Jed Milstein sold 3,955 shares of Asbury Automotive Group stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total transaction of $826,595.00. Following the completion of the transaction, the senior vice president now directly owns 8,300 shares of the company’s stock, valued at approximately $1,734,700. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

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.