Magnolia Group LLC Buys 2,000 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Magnolia Group LLC lifted its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,000 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Asbury Automotive Group accounts for 3.4% of Magnolia Group LLC’s holdings, making the stock its 8th biggest holding. Magnolia Group LLC owned approximately 0.50% of Asbury Automotive Group worth $22,947,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Asbury Automotive Group during the third quarter valued at about $36,000. CWM LLC increased its holdings in Asbury Automotive Group by 94.0% in the third quarter. CWM LLC now owns 161 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. GAMMA Investing LLC bought a new stake in Asbury Automotive Group in the fourth quarter worth approximately $48,000. Blue Trust Inc. increased its holdings in Asbury Automotive Group by 31.2% in the fourth quarter. Blue Trust Inc. now owns 244 shares of the company’s stock worth $56,000 after purchasing an additional 58 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new stake in Asbury Automotive Group in the third quarter worth approximately $202,000.

Asbury Automotive Group Stock Down 3.8 %

Asbury Automotive Group stock traded down $8.23 during mid-day trading on Tuesday, reaching $210.24. The stock had a trading volume of 181,706 shares, compared to its average volume of 166,547. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.45 and a current ratio of 1.06. Asbury Automotive Group, Inc. has a fifty-two week low of $178.40 and a fifty-two week high of $256.39. The stock’s 50-day simple moving average is $217.01 and its 200-day simple moving average is $213.23. The firm has a market capitalization of $4.24 billion, a PE ratio of 7.66 and a beta of 1.18.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $7.21 EPS for the quarter, missing analysts’ consensus estimates of $7.76 by ($0.55). Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.37%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the business posted $8.37 EPS. The company’s revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts forecast that Asbury Automotive Group, Inc. will post 31.46 EPS for the current fiscal year.

Insider Activity at Asbury Automotive Group

In related news, SVP Jed Milstein sold 3,955 shares of Asbury Automotive Group stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total transaction of $826,595.00. Following the transaction, the senior vice president now owns 8,300 shares of the company’s stock, valued at $1,734,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Craig Hallum downgraded Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a report on Thursday, February 8th.

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.