Aigen Investment Management LP Has $490,000 Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Aigen Investment Management LP trimmed its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,052 shares of the company’s stock after selling 146 shares during the quarter. Aigen Investment Management LP’s holdings in Asbury Automotive Group were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Asbury Automotive Group in the third quarter valued at approximately $31,000. Quarry LP acquired a new stake in shares of Asbury Automotive Group in the 2nd quarter valued at $38,000. GAMMA Investing LLC boosted its holdings in Asbury Automotive Group by 100.0% in the second quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock worth $67,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Asbury Automotive Group during the second quarter worth $155,000. Finally, Headlands Technologies LLC bought a new position in Asbury Automotive Group during the second quarter valued at about $190,000.

Analyst Upgrades and Downgrades

ABG has been the topic of a number of analyst reports. Morgan Stanley raised Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $190.00 to $240.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. lowered their price target on Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Stephens initiated coverage on shares of Asbury Automotive Group in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 price target on the stock. Craig Hallum upped their price objective on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $256.20.

Asbury Automotive Group Price Performance

NYSE:ABG opened at $261.62 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The stock has a market cap of $5.13 billion, a P/E ratio of 14.81 and a beta of 1.16. The company has a fifty day moving average price of $231.86 and a 200 day moving average price of $233.74. Asbury Automotive Group, Inc. has a one year low of $195.09 and a one year high of $277.13.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.58 by ($0.23). Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm earned $8.12 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Analysts anticipate that Asbury Automotive Group, Inc. will post 25.37 earnings per share for the current year.

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.