BNP Paribas Arbitrage SA Acquires 4,791 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

BNP Paribas Arbitrage SA boosted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABGGet Rating) by 17.3% during the fourth quarter, HoldingsChannel reports. The fund owned 32,519 shares of the company’s stock after purchasing an additional 4,791 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Asbury Automotive Group were worth $5,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. bought a new stake in shares of Asbury Automotive Group in the 3rd quarter valued at $25,000. Koshinski Asset Management Inc. boosted its stake in shares of Asbury Automotive Group by 55.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 222 shares of the company’s stock valued at $38,000 after purchasing an additional 79 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Asbury Automotive Group by 18.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 559 shares of the company’s stock valued at $110,000 after purchasing an additional 89 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Asbury Automotive Group in the 3rd quarter valued at $165,000. Finally, Capula Management Ltd bought a new stake in shares of Asbury Automotive Group in the 3rd quarter valued at $210,000.

A number of equities research analysts have recently commented on ABG shares. JPMorgan Chase & Co. reduced their price objective on shares of Asbury Automotive Group from $225.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, April 7th. StockNews.com started coverage on shares of Asbury Automotive Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Craig Hallum reduced their price objective on shares of Asbury Automotive Group from $250.00 to $225.00 in a research note on Wednesday, February 16th. Zacks Investment Research raised shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Monday, May 9th. Finally, Morgan Stanley increased their target price on shares of Asbury Automotive Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Asbury Automotive Group presently has a consensus rating of “Buy” and a consensus target price of $215.00.

Shares of NYSE ABG opened at $191.98 on Friday. The firm has a market cap of $4.25 billion, a PE ratio of 5.97, a P/E/G ratio of 0.28 and a beta of 1.20. Asbury Automotive Group, Inc. has a 12-month low of $146.43 and a 12-month high of $230.96. The company’s fifty day simple moving average is $173.63 and its 200 day simple moving average is $173.04. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.53.

Asbury Automotive Group (NYSE:ABGGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $9.27 earnings per share for the quarter, topping the consensus estimate of $8.94 by $0.33. Asbury Automotive Group had a net margin of 5.86% and a return on equity of 39.72%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company posted $4.68 earnings per share. The business’s revenue was up 78.4% on a year-over-year basis. On average, equities analysts predict that Asbury Automotive Group, Inc. will post 35.01 earnings per share for the current year.

In other Asbury Automotive Group news, SVP Miran Maric sold 233 shares of the company’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $187.79, for a total transaction of $43,755.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Hult sold 23,848 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $195.81, for a total transaction of $4,669,676.88. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Asbury Automotive Group Profile (Get Rating)

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.

Further Reading

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

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