Nations Financial Group Inc. IA ADV Acquires 92 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Nations Financial Group Inc. IA ADV lifted its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,023 shares of the company’s stock after acquiring an additional 92 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Asbury Automotive Group were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ABG. Creative Planning grew its stake in shares of Asbury Automotive Group by 5.1% in the 3rd quarter. Creative Planning now owns 4,129 shares of the company’s stock valued at $985,000 after buying an additional 200 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Asbury Automotive Group in the 3rd quarter valued at about $154,270,000. Moody Aldrich Partners LLC grew its stake in shares of Asbury Automotive Group by 17.7% in the 3rd quarter. Moody Aldrich Partners LLC now owns 10,830 shares of the company’s stock valued at $2,584,000 after buying an additional 1,627 shares during the period. Argent Capital Management LLC grew its stake in shares of Asbury Automotive Group by 5.1% in the 3rd quarter. Argent Capital Management LLC now owns 13,287 shares of the company’s stock valued at $3,170,000 after buying an additional 640 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Asbury Automotive Group by 366.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company’s stock valued at $45,233,000 after buying an additional 148,910 shares during the period.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stephens raised their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their price target 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. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Seaport Res Ptn downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Craig Hallum upgraded Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $264.00.

Asbury Automotive Group Price Performance

Shares of NYSE ABG opened at $303.01 on Monday. Asbury Automotive Group, Inc. has a twelve month low of $202.98 and a twelve month high of $312.56. The stock’s 50 day moving average price is $261.34 and its 200-day moving average price is $246.30. The company has a market capitalization of $5.94 billion, a PE ratio of 14.09 and a beta of 1.20. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

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.