Macquarie Group Ltd. increased its holdings in Asbury Automotive Group Inc (NYSE:ABG) by 3.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 382,027 shares of the company’s stock after buying an additional 12,196 shares during the period. Macquarie Group Ltd. owned about 1.83% of Asbury Automotive Group worth $21,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ABG. BlackRock Inc. raised its stake in Asbury Automotive Group by 116,095.7% in the first quarter. BlackRock Inc. now owns 2,514,474 shares of the company’s stock worth $151,120,000 after buying an additional 2,512,310 shares in the last quarter. FMR LLC acquired a new position in shares of Asbury Automotive Group during the first quarter worth $45,869,000. Bank of America Corp DE increased its position in shares of Asbury Automotive Group by 339.9% during the first quarter. Bank of America Corp DE now owns 380,516 shares of the company’s stock worth $22,869,000 after purchasing an additional 294,008 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Asbury Automotive Group during the first quarter worth $7,555,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Asbury Automotive Group by 31.9% during the first quarter. Goldman Sachs Group Inc. now owns 513,791 shares of the company’s stock worth $30,879,000 after purchasing an additional 124,329 shares in the last quarter.

Asbury Automotive Group Inc (ABG) opened at 58.55 on Thursday. The firm has a market capitalization of $1.22 billion, a P/E ratio of 7.62 and a beta of 1.45. Asbury Automotive Group Inc has a 12 month low of $47.50 and a 12 month high of $71.00. The stock’s 50 day moving average price is $57.53 and its 200-day moving average price is $56.83.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($0.09). Asbury Automotive Group had a net margin of 2.53% and a return on equity of 46.58%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $1.65 earnings per share. Asbury Automotive Group’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts forecast that Asbury Automotive Group Inc will post $6.30 earnings per share for the current year.

A number of equities analysts have recently issued reports on ABG shares. Zacks Investment Research downgraded Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price target (down from $68.00) on shares of Asbury Automotive Group in a research report on Thursday, June 22nd. Craig Hallum reaffirmed a “hold” rating and set a $55.00 price target (down from $65.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. BidaskClub raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price target (down from $68.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $56.75.

In other news, insider William Frederick Stax sold 495 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $54.25, for a total value of $26,853.75. Following the sale, the insider now directly owns 4,586 shares in the company, valued at approximately $248,790.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Msd Capital L. P sold 104,949 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $51.27, for a total transaction of $5,380,735.23. The disclosure for this sale can be found here. Insiders sold a total of 110,444 shares of company stock worth $5,700,889 over the last 90 days. Company 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.

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

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