EntryPoint Capital LLC Raises Position in Asbury Automotive Group, Inc. (NYSE:ABG)

EntryPoint Capital LLC boosted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 38.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,283 shares of the company’s stock after buying an additional 356 shares during the period. EntryPoint Capital LLC’s holdings in Asbury Automotive Group were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Asbury Automotive Group by 0.5% in the 3rd quarter. State Street Corp now owns 801,391 shares of the company’s stock valued at $191,204,000 after acquiring an additional 3,672 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of Asbury Automotive Group in the fourth quarter worth approximately $82,426,000. Charles Schwab Investment Management Inc. raised its stake in Asbury Automotive Group by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company’s stock valued at $51,465,000 after purchasing an additional 3,273 shares in the last quarter. Magnolia Group LLC lifted its position in Asbury Automotive Group by 2.1% during the fourth quarter. Magnolia Group LLC now owns 149,123 shares of the company’s stock valued at $36,241,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in Asbury Automotive Group by 10.8% in the 4th quarter. Natixis Advisors LLC now owns 123,369 shares of the company’s stock worth $29,982,000 after buying an additional 11,995 shares in the last quarter.

Asbury Automotive Group Stock Performance

NYSE ABG opened at $226.59 on Friday. The company has a 50-day simple moving average of $266.98 and a two-hundred day simple moving average of $250.35. Asbury Automotive Group, Inc. has a 12-month low of $206.62 and a 12-month high of $312.56. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 10.53 and a beta of 1.22. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Insider Activity

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at $1,111,510.08. The trade was a 24.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ABG has been the topic of several research reports. Stephens raised their price objective 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. JPMorgan Chase & Co. lowered their price target on Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Craig Hallum cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Asbury Automotive Group presently has a consensus rating of “Hold” and a consensus price target of $263.00.

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.