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:ABGFree Report) 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.

View Our Latest Analysis on Asbury Automotive Group

Asbury Automotive Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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