Dimensional Fund Advisors LP Acquires 18,156 Shares of Asbury Automotive Group, Inc. (ABG)

Dimensional Fund Advisors LP raised its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 838,733 shares of the company’s stock after purchasing an additional 18,156 shares during the quarter. Dimensional Fund Advisors LP owned about 4.03% of Asbury Automotive Group worth $51,247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Chicago Equity Partners LLC increased its stake in shares of Asbury Automotive Group by 98.6% during the second quarter. Chicago Equity Partners LLC now owns 35,080 shares of the company’s stock worth $1,984,000 after acquiring an additional 17,420 shares during the period. AHL Partners LLP acquired a new position in shares of Asbury Automotive Group during the second quarter worth about $370,000. Macquarie Group Ltd. increased its stake in shares of Asbury Automotive Group by 8.5% during the third quarter. Macquarie Group Ltd. now owns 414,366 shares of the company’s stock worth $25,318,000 after acquiring an additional 32,339 shares during the period. State Street Corp increased its stake in shares of Asbury Automotive Group by 4.4% during the second quarter. State Street Corp now owns 592,006 shares of the company’s stock worth $33,477,000 after acquiring an additional 24,719 shares during the period. Finally, Koch Industries Inc. acquired a new position in shares of Asbury Automotive Group during the second quarter worth about $294,000.

Shares of Asbury Automotive Group, Inc. (NYSE ABG) opened at $64.10 on Friday. The company has a market cap of $1,330.00, a PE ratio of 8.32, a P/E/G ratio of 1.10 and a beta of 1.56. Asbury Automotive Group, Inc. has a fifty-two week low of $49.10 and a fifty-two week high of $71.00. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.09). Asbury Automotive Group had a return on equity of 42.24% and a net margin of 2.54%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the firm posted $1.52 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. analysts forecast that Asbury Automotive Group, Inc. will post 6.25 EPS for the current year.

A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. Zacks Investment Research lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Finally, Jefferies Group reiterated a “hold” rating and set a $61.00 price target on shares of Asbury Automotive Group in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Asbury Automotive Group presently has an average rating of “Hold” and an average target price of $56.75.

In other Asbury Automotive Group news, CEO Craig T. Monaghan sold 16,096 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $61.08, for a total value of $983,143.68. Following the sale, the chief executive officer now owns 125,408 shares of the company’s stock, valued at $7,659,920.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig T. Monaghan sold 48,288 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $60.96, for a total transaction of $2,943,636.48. Following the completion of the sale, the chief executive officer now directly owns 125,408 shares in the company, valued at approximately $7,644,871.68. The disclosure for this sale can be found here. Insiders sold 265,884 shares of company stock worth $16,426,020 in the last ninety days. Insiders own 11.90% of the company’s stock.

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Asbury Automotive Group Profile

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.

Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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