Campbell & CO Investment Adviser LLC Sells 15,177 Shares of Asbury Automotive Group, Inc. $ABG

Campbell & CO Investment Adviser LLC cut its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 68.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,144 shares of the company’s stock after selling 15,177 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Asbury Automotive Group were worth $1,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ABG. Osaic Holdings Inc. lifted its stake in shares of Asbury Automotive Group by 69.2% in the 2nd quarter. Osaic Holdings Inc. now owns 132 shares of the company’s stock valued at $31,000 after acquiring an additional 54 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Asbury Automotive Group by 64.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 206 shares of the company’s stock worth $49,000 after purchasing an additional 81 shares during the period. EverSource Wealth Advisors LLC increased its stake in Asbury Automotive Group by 104.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 337 shares of the company’s stock worth $80,000 after purchasing an additional 172 shares during the period. Canada Pension Plan Investment Board lifted its position in Asbury Automotive Group by 700.0% in the second quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock valued at $191,000 after purchasing an additional 700 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Asbury Automotive Group by 7.3% during the third quarter. Nisa Investment Advisors LLC now owns 825 shares of the company’s stock valued at $202,000 after purchasing an additional 56 shares during the period.

Analysts Set New Price Targets

ABG has been the topic of several analyst reports. Morgan Stanley set a $230.00 target price on shares of Asbury Automotive Group in a research note on Monday, December 8th. Citigroup restated a “neutral” rating on shares of Asbury Automotive Group in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Asbury Automotive Group in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on Asbury Automotive Group from $230.00 to $235.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 5th. Finally, Zacks Research lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $250.57.

Asbury Automotive Group Price Performance

ABG stock opened at $247.56 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.30. Asbury Automotive Group, Inc. has a 1 year low of $201.68 and a 1 year high of $312.56. The firm has a 50-day moving average of $235.72 and a 200 day moving average of $240.29. The company has a market cap of $4.81 billion, a P/E ratio of 8.68 and a beta of 0.82.

Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Tuesday, October 28th. The company reported $7.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.37. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.84 billion. Asbury Automotive Group had a return on equity of 15.26% and a net margin of 3.15%.The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.35 EPS. On average, sell-side analysts forecast that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Asbury Automotive Group Profile

Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.

In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.