Yousif Capital Management LLC Sells 146 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Yousif Capital Management LLC lowered its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,798 shares of the company’s stock after selling 146 shares during the period. Yousif Capital Management LLC’s holdings in Asbury Automotive Group were worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asbury Automotive Group during the fourth quarter worth about $25,000. Versant Capital Management Inc grew its position in shares of Asbury Automotive Group by 43.9% in the 1st quarter. Versant Capital Management Inc now owns 164 shares of the company’s stock valued at $36,000 after acquiring an additional 50 shares during the period. CIBC Private Wealth Group LLC increased its position in Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock worth $117,000 after buying an additional 41 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Asbury Automotive Group by 234.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock valued at $122,000 after acquiring an additional 351 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of Asbury Automotive Group by 275.2% during the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company’s stock worth $147,000 after buying an additional 443 shares during the period.

Asbury Automotive Group Trading Up 3.1%

Shares of ABG opened at $239.71 on Tuesday. Asbury Automotive Group, Inc. has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The business has a 50-day moving average of $227.73 and a 200 day moving average of $245.75. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The firm has a market cap of $4.71 billion, a P/E ratio of 11.14 and a beta of 0.96.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $6.82 EPS for the quarter, missing analysts’ consensus estimates of $6.84 by ($0.02). Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the company earned $7.21 EPS. Asbury Automotive Group’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, research analysts forecast that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Wall Street Analysts Forecast Growth

ABG has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Bank of America increased their price target on Asbury Automotive Group from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Monday. Citigroup began coverage on Asbury Automotive Group in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $236.00 price objective for the company. Craig Hallum downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Wall Street Zen upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $263.50.

Asbury Automotive Group Company 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.