1,618 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in Asbury Automotive Group, Inc. (NYSE:ABG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,618 shares of the company’s stock, valued at approximately $393,000.

Several other institutional investors have also recently bought and sold shares of ABG. Bank of America Corp DE grew its holdings in shares of Asbury Automotive Group by 4.4% during the 4th quarter. Bank of America Corp DE now owns 117,799 shares of the company’s stock valued at $28,629,000 after purchasing an additional 4,941 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Asbury Automotive Group by 51.4% during the fourth quarter. BNP Paribas Financial Markets now owns 20,490 shares of the company’s stock worth $4,980,000 after buying an additional 6,956 shares during the last quarter. Algert Global LLC acquired a new position in shares of Asbury Automotive Group during the fourth quarter worth $909,000. Gallagher Fiduciary Advisors LLC lifted its stake in shares of Asbury Automotive Group by 17.3% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 1,536 shares of the company’s stock valued at $373,000 after acquiring an additional 226 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of Asbury Automotive Group by 22.2% during the 4th quarter. Comerica Bank now owns 9,103 shares of the company’s stock valued at $2,212,000 after acquiring an additional 1,656 shares in the last quarter.

Asbury Automotive Group Price Performance

Shares of NYSE ABG opened at $217.67 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $4.28 billion, a PE ratio of 10.12 and a beta of 0.98. The firm has a fifty day simple moving average of $228.77 and a 200 day simple moving average of $248.79. Asbury Automotive Group, Inc. has a twelve month low of $201.68 and a twelve month high of $312.56.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, April 29th. The company reported $6.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.84 by ($0.02). Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the company earned $7.21 EPS. Asbury Automotive Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ABG shares. Craig Hallum downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Citigroup initiated coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $236.00 target price on the stock. Stephens upped their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $258.50.

Insider Buying and Selling at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the sale, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.

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.