Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 1.1% in the 1st quarter, HoldingsChannel reports. The fund owned 12,536 shares of the company’s stock after selling 136 shares during the quarter. State of Alaska Department of Revenue’s holdings in Asbury Automotive Group were worth $2,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Asbury Automotive Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,319,293 shares of the company’s stock worth $521,771,000 after acquiring an additional 10,656 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Asbury Automotive Group by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 894,595 shares of the company’s stock worth $201,261,000 after acquiring an additional 65,872 shares in the last quarter. Eminence Capital LP boosted its position in shares of Asbury Automotive Group by 27.2% during the 4th quarter. Eminence Capital LP now owns 328,093 shares of the company’s stock worth $73,811,000 after acquiring an additional 70,089 shares in the last quarter. Norges Bank acquired a new position in shares of Asbury Automotive Group during the 4th quarter worth about $67,417,000. Finally, Brave Warrior Advisors LLC boosted its position in shares of Asbury Automotive Group by 1.1% during the 4th quarter. Brave Warrior Advisors LLC now owns 278,367 shares of the company’s stock worth $62,624,000 after acquiring an additional 3,101 shares in the last quarter.

Asbury Automotive Group Stock Down 0.4 %

Shares of NYSE ABG opened at $224.72 on Friday. The stock has a market cap of $4.53 billion, a PE ratio of 8.19 and a beta of 1.17. 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, Inc. has a 52-week low of $178.40 and a 52-week high of $256.39. The business has a 50-day moving average price of $229.58 and a 200 day moving average price of $220.48.

Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.76 by ($0.55). The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.26 billion. Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.12%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the company earned $8.37 earnings per share. Equities research analysts forecast that Asbury Automotive Group, Inc. will post 29.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 target price for the company. in a research report on Monday, June 10th.

Asbury Automotive Group Company 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.