Legal & General Group Plc raised its holdings in Asbury Automotive Group Inc (NYSE:ABG) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,783 shares of the company’s stock after acquiring an additional 2,061 shares during the period. Legal & General Group Plc owned about 0.26% of Asbury Automotive Group worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew its stake in Asbury Automotive Group by 116,095.7% in the first quarter. BlackRock Inc. now owns 2,514,474 shares of the company’s stock valued at $151,120,000 after acquiring an additional 2,512,310 shares during the period. Vanguard Group Inc. grew its stake in Asbury Automotive Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,777,156 shares of the company’s stock valued at $106,807,000 after acquiring an additional 62,076 shares during the period. Neuberger Berman Group LLC grew its stake in Asbury Automotive Group by 42.2% in the first quarter. Neuberger Berman Group LLC now owns 1,446,088 shares of the company’s stock valued at $86,910,000 after acquiring an additional 429,046 shares during the period. Dimensional Fund Advisors LP grew its stake in Asbury Automotive Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 787,194 shares of the company’s stock valued at $47,312,000 after acquiring an additional 12,241 shares during the period. Finally, FMR LLC acquired a new position in Asbury Automotive Group in the first quarter valued at about $45,869,000. 99.89% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Msd Capital L. P sold 104,949 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $51.27, for a total value of $5,380,735.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Frederick Stax sold 495 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were 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 of the company’s stock, valued at $248,790.50. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.

Shares of Asbury Automotive Group Inc (NYSE ABG) opened at 58.45 on Monday. The stock has a 50 day moving average price of $53.48 and a 200-day moving average price of $57.15. Asbury Automotive Group Inc has a one year low of $47.50 and a one year high of $71.00. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 7.60 and a beta of 1.42.

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

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A number of research firms have issued reports on ABG. Zacks Investment Research raised Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “neutral” rating on shares of Asbury Automotive Group in a research note on Friday, June 2nd. TheStreet cut Asbury Automotive Group from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, ValuEngine cut Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Asbury Automotive Group has an average rating of “Hold” and a consensus target price of $57.80.

Asbury Automotive Group Company Profile

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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