Quadrant Capital Group LLC Has $156,000 Stake in Asbury Automotive Group, Inc. (NYSE:ABG)

Quadrant Capital Group LLC trimmed its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 695 shares of the company’s stock after selling 113 shares during the period. Quadrant Capital Group LLC’s holdings in Asbury Automotive Group were worth $156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in Asbury Automotive Group in the 3rd quarter worth $36,000. GAMMA Investing LLC acquired a new stake in shares of Asbury Automotive Group during the 4th quarter valued at about $48,000. Blue Trust Inc. boosted its position in shares of Asbury Automotive Group by 31.2% during the 4th quarter. Blue Trust Inc. now owns 244 shares of the company’s stock valued at $56,000 after acquiring an additional 58 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at about $202,000. Finally, Advisor Resource Council acquired a new stake in shares of Asbury Automotive Group during the 4th quarter valued at about $247,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Craig Hallum lowered shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Thursday, February 8th. JPMorgan Chase & Co. cut their price target on shares of Asbury Automotive Group from $235.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd.

Insider Activity

In other news, SVP Jed Milstein sold 3,955 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total value of $826,595.00. Following the completion of the transaction, the senior vice president now owns 8,300 shares in the company, valued at $1,734,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

Asbury Automotive Group Stock Up 0.4 %

Shares of NYSE ABG opened at $240.00 on Wednesday. The stock has a market cap of $4.84 billion, a P/E ratio of 8.75 and a beta of 1.19. The firm has a 50 day moving average price of $222.76 and a 200 day moving average price of $216.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 1.06. Asbury Automotive Group, Inc. has a 52-week low of $178.40 and a 52-week high of $256.39.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.76 by ($0.55). The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.26 billion. Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.12%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.37 EPS. Analysts expect that Asbury Automotive Group, Inc. will post 30.43 EPS for the current year.

Asbury Automotive Group 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.