River Road Asset Management LLC raised its position in shares of Asbury Automotive Group Inc (NYSE:ABG) by 34.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 478,834 shares of the company’s stock after buying an additional 122,969 shares during the period. River Road Asset Management LLC owned about 2.30% of Asbury Automotive Group worth $27,078,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Asbury Automotive Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,205 shares of the company’s stock worth $125,000 after buying an additional 331 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Asbury Automotive Group by 60.9% in the second quarter. Virginia Retirement Systems ET AL now owns 22,200 shares of the company’s stock worth $1,255,000 after buying an additional 8,400 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of Asbury Automotive Group by 3.7% in the second quarter. Federated Investors Inc. PA now owns 163,150 shares of the company’s stock worth $9,226,000 after buying an additional 5,756 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Asbury Automotive Group by 3.9% in the second quarter. Legal & General Group Plc now owns 54,783 shares of the company’s stock worth $3,097,000 after buying an additional 2,061 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of Asbury Automotive Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,655 shares of the company’s stock worth $433,000 after buying an additional 20 shares during the last quarter.

Shares of Asbury Automotive Group Inc (ABG) opened at 51.00 on Tuesday. The stock has a 50 day moving average of $53.88 and a 200-day moving average of $58.30. The company has a market cap of $1.06 billion, a PE ratio of 6.63 and a beta of 1.42. Asbury Automotive Group Inc has a 12 month low of $47.50 and a 12 month high of $71.00.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by $0.09. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Asbury Automotive Group had a return on equity of 46.58% and a net margin of 2.53%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.65 EPS. Equities analysts forecast that Asbury Automotive Group Inc will post $6.34 earnings per share for the current year.

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A number of brokerages have recently issued reports on ABG. TheStreet cut shares of Asbury Automotive Group from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 target price (down previously from $68.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $58.00 target price (down previously from $60.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.80.

In other Asbury Automotive Group news, insider William Frederick Stax sold 495 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $54.25, for a total value of $26,853.75. Following the completion of the sale, the insider now owns 4,586 shares in the company, valued at $248,790.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO David W. Hult sold 12,500 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $57.34, for a total value of $716,750.00. Following the completion of the sale, the chief operating officer now owns 41,911 shares of the company’s stock, valued at approximately $2,403,176.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,944 shares of company stock valued at $6,124,339. Company insiders own 11.90% of the company’s stock.

About Asbury Automotive Group

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

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

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