Asbury Automotive Group, Inc. (NYSE:ABG) Shares Bought by GAM Holding AG

GAM Holding AG increased its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 43.6% in the first quarter, HoldingsChannel.com reports. The fund owned 10,306 shares of the company’s stock after acquiring an additional 3,128 shares during the period. GAM Holding AG’s holdings in Asbury Automotive Group were worth $715,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Teachers Advisors LLC lifted its stake in shares of Asbury Automotive Group by 1.6% in the 3rd quarter. Teachers Advisors LLC now owns 38,059 shares of the company’s stock valued at $2,617,000 after purchasing an additional 591 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Asbury Automotive Group by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock valued at $107,000 after acquiring an additional 390 shares during the period. Arizona State Retirement System boosted its position in Asbury Automotive Group by 2.2% in the fourth quarter. Arizona State Retirement System now owns 30,187 shares of the company’s stock valued at $2,012,000 after buying an additional 662 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Asbury Automotive Group by 16.1% during the fourth quarter. Rhumbline Advisers now owns 60,298 shares of the company’s stock worth $4,019,000 after purchasing an additional 8,342 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Asbury Automotive Group by 5.9% during the fourth quarter. LSV Asset Management now owns 223,000 shares of the company’s stock worth $14,865,000 after purchasing an additional 12,400 shares in the last quarter.

ABG stock opened at $79.40 on Wednesday. Asbury Automotive Group, Inc. has a 1-year low of $58.60 and a 1-year high of $82.30. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $1.53 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.61 and a beta of 1.20.



Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.28. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Asbury Automotive Group had a return on equity of 36.35% and a net margin of 2.43%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 earnings per share. As a group, sell-side analysts predict that Asbury Automotive Group, Inc. will post 8.97 earnings per share for the current year.

ABG has been the subject of several research reports. Zacks Investment Research raised shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, June 7th. Craig Hallum upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, April 24th. Finally, Morgan Stanley raised their price target on shares of Asbury Automotive Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $81.50.

In other news, CFO Sean D. Goodman sold 3,299 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $79.77, for a total transaction of $263,161.23. Following the transaction, the chief financial officer now owns 26,183 shares of the company’s stock, valued at approximately $2,088,617.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William Frederick Stax sold 1,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the transaction, the vice president now directly owns 3,888 shares in the company, valued at approximately $307,735.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,599 shares of company stock valued at $2,589,539. Corporate insiders own 1.36% of the company’s stock.

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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.

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

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