Brandywine Global Investment Management LLC Has $16.57 Million Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Brandywine Global Investment Management LLC trimmed its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,171 shares of the company’s stock after selling 2,818 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.35% of Asbury Automotive Group worth $16,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its stake in shares of Asbury Automotive Group by 9.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock valued at $117,000 after buying an additional 41 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Asbury Automotive Group by 234.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock worth $122,000 after acquiring an additional 351 shares in the last quarter. KBC Group NV grew its stake in Asbury Automotive Group by 52.3% in the fourth quarter. KBC Group NV now owns 769 shares of the company’s stock valued at $187,000 after acquiring an additional 264 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Asbury Automotive Group by 17.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after acquiring an additional 123 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of Asbury Automotive Group during the fourth quarter worth approximately $213,000.

Insider Activity

In other news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the sale, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. The trade was a 24.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Asbury Automotive Group Trading Down 3.7 %

NYSE:ABG opened at $217.75 on Monday. Asbury Automotive Group, Inc. has a 52 week low of $206.62 and a 52 week high of $312.56. The firm has a 50-day moving average price of $266.44 and a two-hundred day moving average price of $250.55. 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 $4.28 billion, a price-to-earnings ratio of 10.12 and a beta of 1.22.

Analysts Set New Price Targets

ABG has been the subject of a number of recent research reports. Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Stephens boosted their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped 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 report on Thursday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $263.00.

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.