Amalgamated Bank Has $1.39 Million Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Amalgamated Bank reduced its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 5,737 shares of the company’s stock after selling 152 shares during the quarter. Amalgamated Bank’s holdings in Asbury Automotive Group were worth $1,394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABG. Harbor Capital Advisors Inc. bought a new position in shares of Asbury Automotive Group during the third quarter worth about $31,000. KBC Group NV lifted its position in shares of Asbury Automotive Group by 52.3% in the 4th quarter. KBC Group NV now owns 769 shares of the company’s stock worth $187,000 after purchasing an additional 264 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Asbury Automotive Group by 17.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after purchasing an additional 123 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Asbury Automotive Group during the fourth quarter worth $213,000. Finally, Highland Capital Management LLC bought a new position in Asbury Automotive Group during the fourth quarter worth $216,000.

Analyst Ratings Changes

A number of analysts have commented 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 research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Craig Hallum lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $264.00.

Insider Buying and Selling at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the 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 completion of the sale, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by company insiders.

Asbury Automotive Group Trading Down 3.6 %

Shares of Asbury Automotive Group stock opened at $258.66 on Tuesday. The stock has a market capitalization of $5.08 billion, a PE ratio of 12.03 and a beta of 1.20. Asbury Automotive Group, Inc. has a 52 week low of $202.98 and a 52 week high of $312.56. The stock has a 50 day moving average price of $267.35 and a two-hundred day moving average price of $249.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20.

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.