4,461 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Acquired by Seven Eight Capital LP

Seven Eight Capital LP purchased a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABGFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,461 shares of the company’s stock, valued at approximately $1,004,000.

Several other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 purchased a new stake in Asbury Automotive Group in the 4th quarter valued at $12,855,000. Federated Hermes Inc. grew its holdings in Asbury Automotive Group by 34,097.0% in the 4th quarter. Federated Hermes Inc. now owns 11,285 shares of the company’s stock valued at $2,539,000 after buying an additional 11,252 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Asbury Automotive Group by 18.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 36,265 shares of the company’s stock valued at $8,343,000 after buying an additional 5,610 shares in the last quarter. Finally, Seizert Capital Partners LLC purchased a new stake in Asbury Automotive Group in the 4th quarter valued at $1,510,000.

Asbury Automotive Group Stock Performance

Shares of Asbury Automotive Group stock opened at $234.22 on Monday. Asbury Automotive Group, Inc. has a 52 week low of $178.40 and a 52 week high of $256.39. The business’s fifty day simple moving average is $226.32 and its 200-day simple moving average is $218.76. The firm has a market cap of $4.72 billion, a PE ratio of 8.54 and a beta of 1.19. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 0.93.

Asbury Automotive Group (NYSE:ABGGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.76 by ($0.55). Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the company posted $8.37 EPS. Asbury Automotive Group’s revenue was up 17.3% on a year-over-year basis. Equities analysts forecast that Asbury Automotive Group, Inc. will post 29.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price target on the stock. in a research note on Monday.

Check Out Our Latest Analysis on ABG

Insider Buying and Selling

In other Asbury Automotive Group news, SVP Jed Milstein sold 3,955 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total value of $826,595.00. Following the sale, the senior vice president now owns 8,300 shares of the company’s stock, valued at approximately $1,734,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Asbury Automotive Group Profile

(Free Report)

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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