Polaris Capital Management LLC maintained its stake in shares of Asbury Automotive Group Inc (NYSE:ABG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,546 shares of the company’s stock at the close of the second quarter. Polaris Capital Management LLC owned about 0.17% of Asbury Automotive Group worth $2,010,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Asbury Automotive Group by 116,095.7% during the first quarter. BlackRock Inc. now owns 2,514,474 shares of the company’s stock valued at $151,120,000 after buying an additional 2,512,310 shares during the period. FMR LLC purchased a new stake in Asbury Automotive Group during the first quarter valued at about $45,869,000. Bank of America Corp DE boosted its position in Asbury Automotive Group by 339.9% during the first quarter. Bank of America Corp DE now owns 380,516 shares of the company’s stock valued at $22,869,000 after buying an additional 294,008 shares during the period. Point72 Asset Management L.P. purchased a new stake in Asbury Automotive Group during the first quarter valued at about $7,555,000. Finally, Goldman Sachs Group Inc. boosted its position in Asbury Automotive Group by 31.9% during the first quarter. Goldman Sachs Group Inc. now owns 513,791 shares of the company’s stock valued at $30,879,000 after buying an additional 124,329 shares during the period.
Asbury Automotive Group Inc (ABG) traded up 1.57% during mid-day trading on Friday, hitting $58.30. 36,768 shares of the stock were exchanged. Asbury Automotive Group Inc has a 52 week low of $47.50 and a 52 week high of $71.00. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.58 and a beta of 1.45. The company’s 50-day moving average price is $57.71 and its 200 day moving average price is $56.83.
Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 2.53% and a return on equity of 46.58%. Asbury Automotive Group’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $1.65 earnings per share. Equities research analysts expect that Asbury Automotive Group Inc will post $6.30 EPS for the current year.
Several analysts have issued reports on the stock. TheStreet upgraded shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $61.00 target price on shares of Asbury Automotive Group in a report on Thursday. Finally, Craig Hallum reiterated a “hold” rating and set a $55.00 target price (down from $65.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.75.
In other Asbury Automotive Group news, insider William Frederick Stax sold 495 shares of the business’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 directly owns 4,586 shares of the company’s stock, valued at approximately $248,790.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Msd Capital L. P sold 104,949 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $51.27, for a total transaction of $5,380,735.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,444 shares of company stock valued at $5,700,889. 11.90% of the stock is owned by corporate insiders.
Asbury Automotive Group 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.
Receive News & Ratings for Asbury Automotive Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.