Quantbot Technologies LP Increases Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Quantbot Technologies LP boosted its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,449 shares of the company’s stock after purchasing an additional 258 shares during the period. Quantbot Technologies LP’s holdings in Asbury Automotive Group were worth $3,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC purchased a new position in Asbury Automotive Group in the third quarter worth about $1,223,000. Magnolia Group LLC boosted its position in Asbury Automotive Group by 2.1% in the fourth quarter. Magnolia Group LLC now owns 149,123 shares of the company’s stock worth $36,241,000 after purchasing an additional 3,000 shares during the last quarter. GoodHaven Capital Management LLC purchased a new position in Asbury Automotive Group in the fourth quarter worth about $2,916,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Asbury Automotive Group in the fourth quarter worth about $221,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Asbury Automotive Group by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company’s stock valued at $51,465,000 after buying an additional 3,273 shares in the last quarter.

Asbury Automotive Group Stock Up 0.6 %

NYSE ABG opened at $233.44 on Friday. The stock’s 50 day moving average is $267.71 and its 200 day moving average is $250.17. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a 12 month low of $206.62 and a 12 month high of $312.56. The stock has a market cap of $4.59 billion, a PE ratio of 10.85 and a beta of 1.22.

Insider Buying and Selling

In related news, COO Daniel Clara sold 1,217 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. The trade was a 24.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Craig Hallum cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Stephens lifted their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $264.00.

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.