Public Employees Retirement Association of Colorado decreased its stake in Asbury Automotive Group Inc. (NYSE:ABG) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 240,601 shares of the company’s stock after selling 1,399 shares during the period. Public Employees Retirement Association of Colorado owned about 1.09% of Asbury Automotive Group worth $12,689,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Fund Advisors increased its position in shares of Asbury Automotive Group by 143.7% in the first quarter. BlackRock Fund Advisors now owns 1,575,486 shares of the company’s stock valued at $94,277,000 after buying an additional 929,111 shares during the period. TimesSquare Capital Management LLC increased its position in shares of Asbury Automotive Group by 3.9% in the first quarter. TimesSquare Capital Management LLC now owns 748,200 shares of the company’s stock valued at $44,772,000 after buying an additional 27,850 shares during the period. State Street Corp increased its position in shares of Asbury Automotive Group by 10.6% in the first quarter. State Street Corp now owns 648,029 shares of the company’s stock valued at $38,784,000 after buying an additional 62,173 shares during the period. UBS Group AG increased its position in shares of Asbury Automotive Group by 125.8% in the first quarter. UBS Group AG now owns 290,279 shares of the company’s stock valued at $17,370,000 after buying an additional 161,722 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Asbury Automotive Group by 26.8% in the first quarter. TIAA CREF Investment Management LLC now owns 159,604 shares of the company’s stock valued at $9,551,000 after buying an additional 33,775 shares during the period.

Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

Shares of Asbury Automotive Group Inc. (NYSE:ABG) traded down 0.18% during trading on Thursday, hitting $55.20. The stock had a trading volume of 124,468 shares. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 8.41 and a beta of 1.20. The stock’s 50-day moving average is $54.42 and its 200-day moving average is $55.98. Asbury Automotive Group Inc. has a 12-month low of $43.56 and a 12-month high of $87.63.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.65. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Asbury Automotive Group had a return on equity of 51.29% and a net margin of 2.45%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.52 earnings per share. On average, equities research analysts expect that Asbury Automotive Group Inc. will post $6.11 EPS for the current year.

ABG has been the topic of several research analyst reports. Zacks Investment Research downgraded Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. TheStreet upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Finally, Wolfe Research initiated coverage on Asbury Automotive Group in a research note on Tuesday, September 13th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Asbury Automotive Group presently has a consensus rating of “Hold” and a consensus target price of $70.75.

In other Asbury Automotive Group news, SVP George A. Villasana sold 10,000 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $60.36, for a total value of $603,600.00. Following the sale, the senior vice president now directly owns 22,238 shares in the company, valued at $1,342,285.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William Frederick Stax sold 500 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $60.88, for a total value of $30,440.00. Following the completion of the sale, the insider now owns 1,763 shares in the company, valued at $107,331.44. The disclosure for this sale can be found here. 10.90% of the stock is owned by company insiders.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance.

5 Day Chart for NYSE:ABG

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