Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 42.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,358 shares of the company’s stock after selling 7,679 shares during the period. Quadrature Capital Ltd owned about 0.05% of Asbury Automotive Group worth $2,444,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Asbury Automotive Group by 31.2% in the fourth quarter. Blue Trust Inc. now owns 244 shares of the company’s stock valued at $56,000 after purchasing an additional 58 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Asbury Automotive Group by 0.3% in the first quarter. Illinois Municipal Retirement Fund now owns 24,680 shares of the company’s stock valued at $5,819,000 after purchasing an additional 62 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Asbury Automotive Group by 8.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,362 shares of the company’s stock valued at $306,000 after purchasing an additional 102 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Asbury Automotive Group in the fourth quarter valued at approximately $28,000. Finally, AXS Investments LLC purchased a new stake in shares of Asbury Automotive Group in the fourth quarter valued at approximately $38,000.

Asbury Automotive Group Trading Up 1.9 %

Asbury Automotive Group stock traded up $4.76 during mid-day trading on Friday, hitting $254.21. The company’s stock had a trading volume of 170,979 shares, compared to its average volume of 176,480. The firm has a market capitalization of $5.13 billion, a PE ratio of 9.26 and a beta of 1.17. Asbury Automotive Group, Inc. has a 1 year low of $178.40 and a 1 year high of $259.67. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average is $235.57 and its two-hundred day moving average is $223.10.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Thursday, April 25th. The company reported $7.21 earnings per share for the quarter, missing the consensus estimate of $7.76 by ($0.55). Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the company posted $8.37 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, analysts anticipate that Asbury Automotive Group, Inc. will post 29.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price target for the company. in a research report on Monday, June 10th.

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.