Asbury Automotive Group, Inc. (NYSE:ABG) Shares Bought by Inspire Advisors LLC

Inspire Advisors LLC lifted its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,351 shares of the company’s stock after purchasing an additional 488 shares during the quarter. Inspire Advisors LLC’s holdings in Asbury Automotive Group were worth $814,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ABG. SkyView Investment Advisors LLC boosted its position in Asbury Automotive Group by 2.4% during the third quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock worth $506,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Asbury Automotive Group by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock worth $409,000 after buying an additional 53 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Asbury Automotive Group by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock worth $440,000 after buying an additional 57 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Asbury Automotive Group by 2.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company’s stock valued at $978,000 after acquiring an additional 92 shares during the last quarter. Finally, Evergreen Private Wealth LLC increased its holdings in Asbury Automotive Group by 0.7% during the 4th quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company’s stock valued at $4,040,000 after acquiring an additional 119 shares in the last quarter.

Insiders Place Their Bets

In related news, COO Daniel Clara sold 1,217 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now owns 3,747 shares in the company, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports 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 report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, Craig Hallum downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Asbury Automotive Group currently has an average rating of “Hold” and an average price target of $264.00.

Asbury Automotive Group Stock Performance

NYSE:ABG opened at $247.09 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The firm has a market cap of $4.85 billion, a PE ratio of 11.49 and a beta of 1.22. The firm has a 50 day simple moving average of $268.56 and a 200-day simple moving average of $250.78. Asbury Automotive Group, Inc. has a 1-year low of $202.98 and a 1-year high of $312.56.

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.