Quantbot Technologies LP Grows Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Quantbot Technologies LP grew its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 172.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,191 shares of the company’s stock after purchasing an additional 8,976 shares during the period. Quantbot Technologies LP owned approximately 0.07% of Asbury Automotive Group worth $3,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in Asbury Automotive Group in the third quarter valued at about $31,000. Quarry LP purchased a new position in shares of Asbury Automotive Group in the second quarter valued at $38,000. GAMMA Investing LLC raised its stake in shares of Asbury Automotive Group by 100.0% during the 2nd quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock worth $67,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Asbury Automotive Group in the 2nd quarter worth about $155,000. Finally, Headlands Technologies LLC acquired a new stake in Asbury Automotive Group in the 2nd quarter valued at about $190,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Bank of America reduced their price objective on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Craig Hallum lifted their price objective on Asbury Automotive Group from $240.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Stephens began coverage on shares of Asbury Automotive Group in a report on Thursday, September 12th. They set an “equal weight” rating and a $216.00 price target for the company. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Asbury Automotive Group currently has an average rating of “Hold” and a consensus price target of $256.20.

Asbury Automotive Group Trading Down 1.5 %

NYSE ABG opened at $259.88 on Thursday. 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 one year low of $195.09 and a one year high of $277.13. The company’s 50 day moving average price is $238.74 and its 200 day moving average price is $236.45. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 14.71 and a beta of 1.16.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the company posted $8.12 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, sell-side analysts predict that Asbury Automotive Group, Inc. will post 25.17 EPS for the current year.

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.