Mutual of America Capital Management LLC Decreases Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Mutual of America Capital Management LLC decreased its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,006 shares of the company’s stock after selling 310 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Asbury Automotive Group were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Boston Partners purchased a new stake in shares of Asbury Automotive Group during the 1st quarter worth $878,000. Tidal Investments LLC acquired a new stake in Asbury Automotive Group in the first quarter valued at $537,000. Bridges Investment Management Inc. purchased a new stake in Asbury Automotive Group during the 2nd quarter worth about $760,000. Janney Montgomery Scott LLC acquired a new position in shares of Asbury Automotive Group during the 3rd quarter worth about $804,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Asbury Automotive Group during the 3rd quarter worth about $154,270,000.

Asbury Automotive Group Price Performance

ABG stock opened at $263.72 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $5.17 billion, a P/E ratio of 15.10 and a beta of 1.16. The business has a 50 day simple moving average of $237.91 and a 200-day simple moving average of $236.18. Asbury Automotive Group, Inc. has a twelve month low of $195.09 and a twelve month high of $277.13.

Asbury Automotive Group (NYSE:ABG) last issued 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). The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.30 billion. Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.12 EPS. As a group, equities analysts anticipate that Asbury Automotive Group, Inc. will post 25.17 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ABG shares. StockNews.com raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Craig Hallum boosted their price objective on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Stephens assumed coverage on shares of Asbury Automotive Group in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 target price on the stock. Finally, Seaport Res Ptn cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Six investment 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 presently has a consensus rating of “Hold” and an average target price of $256.20.

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.