Duality Advisers LP Sells 624 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Duality Advisers LP lowered its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,087 shares of the company’s stock after selling 624 shares during the period. Duality Advisers LP’s holdings in Asbury Automotive Group were worth $2,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ABG. Schroder Investment Management Group boosted its holdings in shares of Asbury Automotive Group by 120.5% during the 3rd quarter. Schroder Investment Management Group now owns 198,739 shares of the company’s stock valued at $45,724,000 after buying an additional 108,595 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Asbury Automotive Group during the 4th quarter valued at $12,855,000. Assenagon Asset Management S.A. bought a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at $12,207,000. Kensico Capital Management Corp boosted its holdings in shares of Asbury Automotive Group by 73.7% during the 3rd quarter. Kensico Capital Management Corp now owns 103,000 shares of the company’s stock valued at $23,697,000 after buying an additional 43,700 shares in the last quarter. Finally, Tudor Investment Corp Et Al boosted its holdings in shares of Asbury Automotive Group by 12,319.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 24,838 shares of the company’s stock valued at $5,714,000 after buying an additional 24,638 shares in the last quarter.

Insider Activity at Asbury Automotive Group

In related news, SVP Jed Milstein sold 3,955 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total transaction of $826,595.00. Following the completion of the transaction, the senior vice president now directly owns 8,300 shares in the company, valued at approximately $1,734,700. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Asbury Automotive Group Price Performance

Shares of NYSE:ABG opened at $217.04 on Tuesday. Asbury Automotive Group, Inc. has a fifty-two week low of $178.40 and a fifty-two week high of $256.39. The business has a 50-day simple moving average of $216.97 and a two-hundred day simple moving average of $213.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.45 and a current ratio of 1.06. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 7.59 and a beta of 1.18.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Thursday, February 8th. The company reported $7.12 EPS for the quarter, missing the consensus estimate of $7.74 by ($0.62). The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Asbury Automotive Group had a net margin of 4.07% and a return on equity of 21.68%. Asbury Automotive Group’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $9.12 EPS. On average, analysts expect that Asbury Automotive Group, Inc. will post 31.46 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Craig Hallum cut 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 report on Thursday, February 8th.

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.