ProShare Advisors LLC lifted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,173 shares of the company’s stock after acquiring an additional 287 shares during the period. ProShare Advisors LLC’s holdings in Asbury Automotive Group were worth $984,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Asbury Automotive Group by 26.4% during the 1st quarter. BNP Paribas Financial Markets now owns 20,221 shares of the company’s stock worth $4,768,000 after acquiring an additional 4,224 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Asbury Automotive Group by 31.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,589 shares of the company’s stock worth $3,957,000 after acquiring an additional 4,198 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Asbury Automotive Group during the 4th quarter worth about $12,855,000. Federated Hermes Inc. raised its position in shares of Asbury Automotive Group by 34,097.0% during the 4th quarter. Federated Hermes Inc. now owns 11,285 shares of the company’s stock worth $2,539,000 after acquiring an additional 11,252 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of Asbury Automotive Group by 147.1% during the 4th quarter. Quadrature Capital Ltd now owns 18,037 shares of the company’s stock worth $4,063,000 after acquiring an additional 10,737 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. lowered Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 target price on the stock. in a research report on Monday, June 10th.
Get Our Latest Stock Report on Asbury Automotive Group
Asbury Automotive Group Trading Down 2.0 %
ABG opened at $245.86 on Friday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 8.96 and a beta of 1.17. Asbury Automotive Group, Inc. has a 52 week low of $178.40 and a 52 week high of $259.67. The business’s 50 day moving average is $234.67 and its two-hundred day moving average is $221.74. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 0.93.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $7.21 EPS for the quarter, missing the consensus estimate 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 return on equity of 20.12% and a net margin of 3.68%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $8.37 EPS. On average, research analysts predict that Asbury Automotive Group, Inc. will post 29.47 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.
See Also
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