LSV Asset Management increased its stake in shares of Asbury Automotive Group Inc (NYSE:ABG) by 25.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,600 shares of the company’s stock after buying an additional 26,600 shares during the quarter. LSV Asset Management owned about 0.63% of Asbury Automotive Group worth $7,385,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in Asbury Automotive Group during the first quarter worth approximately $104,000. Victory Capital Management Inc. grew its position in Asbury Automotive Group by 45.6% during the first quarter. Victory Capital Management Inc. now owns 1,874 shares of the company’s stock worth $113,000 after buying an additional 587 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Asbury Automotive Group by 4.1% during the first quarter. Public Employees Retirement System of Ohio now owns 3,333 shares of the company’s stock worth $200,000 after buying an additional 132 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Asbury Automotive Group during the first quarter worth approximately $210,000. Finally, State of Alaska Department of Revenue grew its position in Asbury Automotive Group by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 3,714 shares of the company’s stock worth $210,000 after buying an additional 1,634 shares in the last quarter. 99.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Asbury Automotive Group Inc (NYSE:ABG) opened at 58.45 on Friday. Asbury Automotive Group Inc has a 1-year low of $47.50 and a 1-year high of $71.00. The company has a market capitalization of $1.22 billion, a PE ratio of 7.60 and a beta of 1.42. The firm’s 50-day moving average price is $53.48 and its 200 day moving average price is $57.15.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.09). The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Asbury Automotive Group had a net margin of 2.53% and a return on equity of 46.58%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 earnings per share. Equities analysts predict that Asbury Automotive Group Inc will post $6.34 EPS for the current fiscal year.

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In other news, insider William Frederick Stax sold 495 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $54.25, for a total transaction of $26,853.75. Following the completion of the transaction, the insider now directly owns 4,586 shares in the company, valued at approximately $248,790.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Msd Capital L. P sold 104,949 shares of the business’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. 11.90% of the stock is owned by insiders.

ABG has been the topic of a number of analyst reports. ValuEngine downgraded Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “neutral” rating on shares of Asbury Automotive Group in a research report on Friday, June 2nd. Morgan Stanley cut their target price on Asbury Automotive Group from $56.00 to $53.00 and set an “underweight” rating for the company in a research note on Friday, June 9th. BidaskClub upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, Deutsche Bank AG restated a “hold” rating and set a $60.00 target price (down from $68.00) on shares of Asbury Automotive Group in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.80.

About Asbury Automotive Group

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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