Proficio Capital Partners LLC Invests $5.32 Million in Asbury Automotive Group, Inc. (NYSE:ABG)

Proficio Capital Partners LLC bought a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) during the fourth quarter, Holdings Channel.com reports. The firm bought 21,873 shares of the company’s stock, valued at approximately $5,316,000.

A number of other large investors also recently modified their holdings of ABG. Natixis Advisors LLC acquired a new position in shares of Asbury Automotive Group during the third quarter worth approximately $26,573,000. Rockefeller Capital Management L.P. acquired a new position in Asbury Automotive Group in the third quarter valued at approximately $14,219,000. Stifel Financial Corp lifted its holdings in Asbury Automotive Group by 1,990.9% in the third quarter. Stifel Financial Corp now owns 19,926 shares of the company’s stock valued at $4,754,000 after buying an additional 18,973 shares during the period. Barclays PLC lifted its holdings in Asbury Automotive Group by 94.9% in the third quarter. Barclays PLC now owns 38,644 shares of the company’s stock valued at $9,220,000 after buying an additional 18,821 shares during the period. Finally, Citigroup Inc. lifted its holdings in Asbury Automotive Group by 23.9% in the third quarter. Citigroup Inc. now owns 54,917 shares of the company’s stock valued at $13,103,000 after buying an additional 10,603 shares during the period.

Asbury Automotive Group Stock Up 1.8 %

Shares of NYSE:ABG opened at $231.04 on Monday. Asbury Automotive Group, Inc. has a 52 week low of $206.62 and a 52 week high of $312.56. 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 company has a market capitalization of $4.54 billion, a PE ratio of 10.74 and a beta of 1.22. The company has a 50 day moving average price of $268.34 and a two-hundred day moving average price of $250.64.

Insider Buying and Selling at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the sale, the chief operating officer now 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ABG. Stephens increased 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 report on Tuesday, February 11th. Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $264.00.

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.