The Asbury Automotive Group, Inc. (ABG) Shares Sold by Profund Advisors LLC

The Asbury Automotive Group, Inc. (ABG) Shares Sold by Profund Advisors LLC

Several other hedge funds and other institutional investors have also modified their holdings of ABG. Weiss Asset Management LP acquired a new position in shares of Asbury Automotive Group during the third quarter worth $242,000. SECOR Capital Advisors LP acquired a new position in shares of Asbury Automotive Group during the third quarter worth $2,767,000. Jane Street Group LLC acquired a new position in shares of Asbury Automotive Group during the third quarter worth $555,000. Comerica Bank increased its position in shares of Asbury Automotive Group by 5.5% in the fourth quarter. Comerica Bank now owns 21,019 shares of the company’s stock worth $1,338,000 after buying an additional 1,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Asbury Automotive Group by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 774,953 shares of the company’s stock worth $47,815,000 after buying an additional 17,185 shares in the last quarter.

Profund Advisors LLC lowered its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 32.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,726 shares of the company’s stock after selling 1,775 shares during the period. Profund Advisors LLC’s holdings in Asbury Automotive Group were worth $224,000 at the end of the most recent reporting period.

Asbury Automotive Group, Inc. (NYSE:ABG) opened at 56.70 on Monday. The stock has a market cap of $1.19 billion, a P/E ratio of 7.25 and a beta of 1.33. Asbury Automotive Group, Inc. has a one year low of $47.50 and a one year high of $71.00. The stock’s 50 day moving average price is $58.58 and its 200-day moving average price is $61.60.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Thursday, April 27th. The company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.09. Asbury Automotive Group had a net margin of 2.56% and a return on equity of 57.45%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Asbury Automotive Group, Inc. will post $6.55 earnings per share for the current year. ABG has been the topic of a number of research analyst reports. Jefferies Group LLC lifted their price target on Asbury Automotive Group from $64.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, February 7th. Zacks Investment Research upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, February 9th. Finally, ValuEngine downgraded Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $67.50.

In related news, SVP George Karolis sold 2,743 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $55.98, for a total value of $153,553.14. Following the completion of the sale, the senior vice president now owns 5,083 shares in the company, valued at approximately $284,546.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas C. Deloach, Jr. sold 1,676 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $59.20, for a total transaction of $99,219.20. Following the completion of the sale, the director now owns 82,000 shares of the company’s stock, valued at approximately $4,854,400. The disclosure for this sale can be found here. 10.90% of the stock is owned by corporate insiders. About Asbury Automotive Group

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ABG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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