HighTower Advisors LLC Has $437,000 Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

HighTower Advisors LLC raised its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 4.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,798 shares of the company’s stock after acquiring an additional 78 shares during the period. HighTower Advisors LLC’s holdings in Asbury Automotive Group were worth $437,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Wealthfront Advisers LLC acquired a new position in Asbury Automotive Group during the 4th quarter worth approximately $3,290,000. Inspire Advisors LLC lifted its holdings in Asbury Automotive Group by 17.0% during the 4th quarter. Inspire Advisors LLC now owns 3,351 shares of the company’s stock worth $814,000 after purchasing an additional 488 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Asbury Automotive Group by 10.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,760 shares of the company’s stock valued at $1,157,000 after acquiring an additional 456 shares during the period. Evergreen Private Wealth LLC increased its holdings in shares of Asbury Automotive Group by 0.7% during the fourth quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company’s stock worth $4,040,000 after purchasing an additional 119 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Asbury Automotive Group in the 4th quarter valued at $5,316,000.

Asbury Automotive Group Trading Down 3.7 %

Shares of Asbury Automotive Group stock opened at $217.75 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. Asbury Automotive Group, Inc. has a 52 week low of $206.62 and a 52 week high of $312.56. The stock has a 50 day moving average price of $266.44 and a two-hundred day moving average price of $250.55. The stock has a market capitalization of $4.28 billion, a PE ratio of 10.12 and a beta of 1.22.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday. Stephens lifted their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Asbury Automotive Group currently has a consensus rating of “Hold” and an average price target of $263.00.

Insider Activity at Asbury Automotive Group

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

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.