Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Choreo LLC

Choreo LLC cut its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 14.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,041 shares of the company’s stock after selling 510 shares during the period. Choreo LLC’s holdings in Asbury Automotive Group were worth $739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Asbury Automotive Group by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 393 shares of the company’s stock worth $94,000 after buying an additional 101 shares during the period. Inspire Investing LLC increased its holdings in Asbury Automotive Group by 13.0% in the 3rd quarter. Inspire Investing LLC now owns 1,734 shares of the company’s stock worth $414,000 after acquiring an additional 199 shares in the last quarter. Creative Planning raised its position in Asbury Automotive Group by 5.1% during the third quarter. Creative Planning now owns 4,129 shares of the company’s stock worth $985,000 after acquiring an additional 200 shares during the period. International Assets Investment Management LLC purchased a new position in Asbury Automotive Group during the third quarter valued at $154,270,000. Finally, Moody Aldrich Partners LLC grew its position in shares of Asbury Automotive Group by 17.7% in the third quarter. Moody Aldrich Partners LLC now owns 10,830 shares of the company’s stock valued at $2,584,000 after purchasing an additional 1,627 shares during the period.

Asbury Automotive Group Stock Performance

Shares of Asbury Automotive Group stock opened at $293.36 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The business’s 50 day moving average price is $257.64 and its 200 day moving average price is $244.80. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 13.64 and a beta of 1.20. Asbury Automotive Group, Inc. has a one year low of $195.09 and a one year high of $312.56.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ABG shares. Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Craig Hallum upgraded Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Bank of America dropped their target price on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a report on Monday, October 14th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $255.20.

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.