Quest Partners LLC Sells 47 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Quest Partners LLC trimmed its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 21.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 168 shares of the company’s stock after selling 47 shares during the quarter. Quest Partners LLC’s holdings in Asbury Automotive Group were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its position in shares of Asbury Automotive Group by 0.5% during the first quarter. Janus Henderson Group PLC now owns 10,980 shares of the company’s stock valued at $2,588,000 after buying an additional 60 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Asbury Automotive Group by 56.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,446 shares of the company’s stock valued at $333,000 after acquiring an additional 521 shares during the last quarter. Tidal Investments LLC acquired a new stake in Asbury Automotive Group in the first quarter valued at approximately $537,000. Boston Partners purchased a new position in Asbury Automotive Group in the first quarter worth $878,000. Finally, GAMMA Investing LLC increased its position in shares of Asbury Automotive Group by 100.0% during the second quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock worth $67,000 after purchasing an additional 146 shares in the last quarter.

Asbury Automotive Group Trading Down 0.1 %

Shares of NYSE:ABG opened at $259.83 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a 52-week low of $195.09 and a 52-week high of $277.13. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 14.70 and a beta of 1.16. The business has a 50-day moving average price of $240.91 and a 200-day moving average price of $236.92.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the company posted $8.12 EPS. Asbury Automotive Group’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts predict that Asbury Automotive Group, Inc. will post 25.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America lowered their price objective on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stephens started coverage on Asbury Automotive Group in a report on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 price target for the company. Seaport Res Ptn lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley raised shares of Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $190.00 to $240.00 in a research report on Wednesday, September 25th. Finally, StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.