1,598 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Purchased by Cynosure Group LLC

Cynosure Group LLC acquired a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,598 shares of the company’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at about $31,000. Quarry LP acquired a new position in Asbury Automotive Group in the second quarter valued at about $38,000. GAMMA Investing LLC increased its stake in shares of Asbury Automotive Group by 100.0% in the second quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock valued at $67,000 after buying an additional 146 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Asbury Automotive Group in the 2nd quarter worth approximately $155,000. Finally, Headlands Technologies LLC bought a new position in shares of Asbury Automotive Group in the 2nd quarter valued at about $190,000.

Asbury Automotive Group Stock Down 1.4 %

Shares of NYSE ABG opened at $260.03 on Friday. The stock has a market capitalization of $5.09 billion, a P/E ratio of 14.72 and a beta of 1.16. Asbury Automotive Group, Inc. has a one year low of $195.09 and a one year high of $277.13. The firm’s 50 day simple moving average is $239.54 and its two-hundred day simple moving average is $236.62. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.30 billion. Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. Asbury Automotive Group’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $8.12 EPS. As a group, analysts expect that Asbury Automotive Group, Inc. will post 25.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ABG. Seaport Res Ptn cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price target on Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Morgan Stanley raised shares of Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $190.00 to $240.00 in a research report on Wednesday, September 25th. Stephens assumed coverage on shares of Asbury Automotive Group in a research note on Thursday, September 12th. They set an “equal weight” rating and a $216.00 price objective on the stock. Finally, Craig Hallum lifted their price target on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Asbury Automotive Group currently has an average rating of “Hold” and an average target price of $256.20.

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.