Goldman Sachs Group Inc. Sells 75,277 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Goldman Sachs Group Inc. decreased its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 25.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 221,466 shares of the company’s stock after selling 75,277 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Asbury Automotive Group were worth $49,823,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Asbury Automotive Group by 31.2% in the 4th quarter. Blue Trust Inc. now owns 244 shares of the company’s stock worth $56,000 after purchasing an additional 58 shares during the period. Evergreen Capital Management LLC raised its holdings in Asbury Automotive Group by 5.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,434 shares of the company’s stock valued at $330,000 after buying an additional 68 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Asbury Automotive Group by 8.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,362 shares of the company’s stock worth $306,000 after buying an additional 102 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Asbury Automotive Group by 9.5% during the 3rd quarter. Scotia Capital Inc. now owns 1,349 shares of the company’s stock worth $310,000 after purchasing an additional 117 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Asbury Automotive Group in the fourth quarter worth approximately $28,000.

Asbury Automotive Group Trading Down 1.1 %

NYSE:ABG opened at $233.12 on Thursday. The company has a market capitalization of $4.70 billion, a P/E ratio of 8.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. Asbury Automotive Group, Inc. has a 12 month low of $178.40 and a 12 month high of $256.39. The firm has a fifty day simple moving average of $227.38 and a 200-day simple moving average of $219.97.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.76 by ($0.55). The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $8.37 earnings per share. On average, equities research analysts anticipate that Asbury Automotive Group, Inc. will post 29.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price target for the company. in a report on Monday, June 10th.

Asbury Automotive Group 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.