Louisiana State Employees Retirement System Sells 200 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Louisiana State Employees Retirement System cut its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,500 shares of the company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Asbury Automotive Group were worth $2,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in Asbury Automotive Group by 0.5% during the 3rd quarter. State Street Corp now owns 801,391 shares of the company’s stock worth $191,204,000 after purchasing an additional 3,672 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Asbury Automotive Group by 366.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company’s stock worth $45,233,000 after purchasing an additional 148,910 shares in the last quarter. Natixis Advisors LLC acquired a new position in Asbury Automotive Group during the 3rd quarter worth approximately $26,573,000. International Assets Investment Management LLC acquired a new position in Asbury Automotive Group during the 3rd quarter worth approximately $154,270,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Asbury Automotive Group during the 3rd quarter worth approximately $14,219,000.

Asbury Automotive Group Stock Up 1.1 %

ABG opened at $303.01 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The stock has a market cap of $5.94 billion, a PE ratio of 14.09 and a beta of 1.20. The stock’s fifty day simple moving average is $261.34 and its 200 day simple moving average is $246.53. Asbury Automotive Group, Inc. has a 1-year low of $202.98 and a 1-year high of $312.56.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Seaport Res Ptn downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Stephens increased their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Craig Hallum raised Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $264.00.

About Asbury Automotive Group

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.