AQR Capital Management LLC Has $1.51 Million Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

AQR Capital Management LLC decreased its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 32.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,613 shares of the company’s stock after selling 3,213 shares during the period. AQR Capital Management LLC’s holdings in Asbury Automotive Group were worth $1,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Asbury Automotive Group by 100.0% in the second quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock worth $67,000 after acquiring an additional 146 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Asbury Automotive Group in the second quarter worth $155,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Asbury Automotive Group in the fourth quarter worth $162,000. Headlands Technologies LLC acquired a new stake in shares of Asbury Automotive Group in the second quarter worth $190,000. Finally, Innealta Capital LLC acquired a new stake in shares of Asbury Automotive Group in the second quarter worth $194,000.

Asbury Automotive Group Stock Down 0.8 %

Shares of ABG stock opened at $221.83 on Friday. The stock has a market cap of $4.47 billion, a P/E ratio of 8.08 and a beta of 1.16. Asbury Automotive Group, Inc. has a one year low of $178.40 and a one year high of $277.13. The stock has a fifty day moving average price of $230.32 and a 200 day moving average price of $231.17. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.25 and a quick ratio of 0.45.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Friday, August 2nd. The company reported $6.40 EPS for the quarter, missing the consensus estimate of $7.31 by ($0.91). The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.31 billion. Asbury Automotive Group had a return on equity of 17.93% and a net margin of 2.51%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $8.95 earnings per share. Analysts predict that Asbury Automotive Group, Inc. will post 26.99 earnings per share for the current year.

Insider Buying and Selling at Asbury Automotive Group

In other Asbury Automotive Group news, CEO David W. Hult sold 500 shares of Asbury Automotive Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $227.18, for a total transaction of $113,590.00. Following the completion of the transaction, the chief executive officer now directly owns 56,834 shares of the company’s stock, valued at approximately $12,911,548.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David W. Hult sold 500 shares of Asbury Automotive Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $227.18, for a total value of $113,590.00. Following the completion of the transaction, the chief executive officer now directly owns 56,834 shares of the company’s stock, valued at $12,911,548.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Impactive Capital Lp sold 8,353 shares of Asbury Automotive Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $225.63, for a total value of $1,884,687.39. Following the completion of the transaction, the insider now directly owns 2,008,649 shares of the company’s stock, valued at $453,211,473.87. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ABG. Morgan Stanley upgraded shares of Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $190.00 to $240.00 in a research note on Wednesday, September 25th. Stephens initiated coverage on shares of Asbury Automotive Group in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Asbury Automotive Group from $230.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, StockNews.com cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $237.75.

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.