Campbell & CO Investment Adviser LLC Takes Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Campbell & CO Investment Adviser LLC acquired a new stake in Asbury Automotive Group, Inc. (NYSE:ABG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,000 shares of the company’s stock, valued at approximately $390,000.

Other large investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new stake in Asbury Automotive Group during the 1st quarter worth approximately $1,263,000. State of Tennessee Treasury Department lifted its holdings in Asbury Automotive Group by 12.8% during the 2nd quarter. State of Tennessee Treasury Department now owns 12,331 shares of the company’s stock worth $954,000 after purchasing an additional 1,398 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Asbury Automotive Group by 69.2% during the 1st quarter. AQR Capital Management LLC now owns 22,008 shares of the company’s stock worth $1,216,000 after purchasing an additional 9,002 shares during the last quarter. Duality Advisers LP acquired a new stake in Asbury Automotive Group during the 2nd quarter worth approximately $397,000. Finally, Marshall Wace North America L.P. lifted its holdings in Asbury Automotive Group by 63.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 19,580 shares of the company’s stock worth $1,514,000 after purchasing an additional 7,620 shares during the last quarter.

Several equities analysts have weighed in on the company. SunTrust Banks lifted their price objective on Asbury Automotive Group from $70.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Bank of America lifted their price objective on Asbury Automotive Group from $151.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley lifted their price objective on Asbury Automotive Group from $100.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. ValuEngine raised Asbury Automotive Group from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Truist lifted their price objective on Asbury Automotive Group from $110.00 to $120.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $111.14.

In related news, Director Juanita T. James sold 1,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $110.13, for a total transaction of $110,130.00. Following the sale, the director now owns 6,871 shares in the company, valued at approximately $756,703.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William Frederick Stax sold 700 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $105.00, for a total value of $73,500.00. Following the sale, the chief accounting officer now owns 4,731 shares in the company, valued at approximately $496,755. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Shares of ABG opened at $114.52 on Friday. Asbury Automotive Group, Inc. has a 52-week low of $39.36 and a 52-week high of $123.44. The business’s fifty day moving average is $105.03 and its 200-day moving average is $84.79. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.07 and a current ratio of 1.78. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 14.02 and a beta of 1.73.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.03. Asbury Automotive Group had a return on equity of 27.07% and a net margin of 2.32%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company posted $2.38 EPS. The company’s revenue for the quarter was down 19.9% compared to the same quarter last year. As a group, research analysts forecast that Asbury Automotive Group, Inc. will post 10.89 EPS for the current fiscal year.

About Asbury Automotive Group

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.

Recommended Story: How is an ETF different from a mutual fund?

Want to see what other hedge funds are holding ABG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asbury Automotive Group, Inc. (NYSE:ABG).

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

Receive News & Ratings for Asbury Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.