New Age Alpha Advisors LLC Invests $495,000 in Asbury Automotive Group, Inc. (NYSE:ABG)

New Age Alpha Advisors LLC bought a new stake in Asbury Automotive Group, Inc. (NYSE:ABG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,036 shares of the company’s stock, valued at approximately $495,000.

A number of other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of 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 purchasing an additional 351 shares during the period. KBC Group NV lifted 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 buying an additional 264 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Asbury Automotive Group by 17.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock worth $204,000 after buying an additional 123 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Asbury Automotive Group during the 4th quarter worth approximately $213,000. Finally, Highland Capital Management LLC acquired a new position in shares of Asbury Automotive Group during the 4th quarter valued at $216,000.

Insider Activity

In other news, COO Daniel Clara sold 1,217 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the sale, the chief operating officer now owns 3,747 shares in the company, valued at $1,111,510.08. This represents a 24.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Asbury Automotive Group Price Performance

ABG stock opened at $225.22 on Wednesday. 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 business has a 50-day simple moving average of $265.96 and a two-hundred day simple moving average of $250.86. The company has a market capitalization of $4.42 billion, a P/E ratio of 10.47 and a beta of 1.22. Asbury Automotive Group, Inc. has a 52-week low of $206.62 and a 52-week high of $312.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Stephens upped their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Craig Hallum lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently 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.