Asbury Automotive Group, Inc. (NYSE:ABG) Shares Obtained by Peregrine Capital Management LLC

Asbury Automotive Group, Inc. (NYSE:ABG) Shares Obtained by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 49.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,001 shares of the company’s stock after buying an additional 37,491 shares during the quarter. Peregrine Capital Management LLC owned 0.58% of Asbury Automotive Group worth $7,533,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ABG. First Hawaiian Bank purchased a new position in Asbury Automotive Group during the 3rd quarter worth $273,000. Rafferty Asset Management LLC purchased a new position in Asbury Automotive Group during the 3rd quarter worth $278,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Asbury Automotive Group by 25.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,859 shares of the company’s stock worth $334,000 after buying an additional 975 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Asbury Automotive Group during the 2nd quarter worth $415,000. Finally, Commonwealth Bank of Australia purchased a new position in shares of Asbury Automotive Group in the 3rd quarter valued at about $426,000.

ABG has been the subject of a number of research analyst reports. Buckingham Research increased their price target on shares of Asbury Automotive Group from $70.00 to $74.00 and gave the company a “hold” rating in a report on Wednesday, October 24th. SunTrust Banks cut their price target on shares of Asbury Automotive Group to $70.00 and set a “hold” rating for the company in a report on Wednesday, October 24th. ValuEngine downgraded shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. Morgan Stanley increased their price target on shares of Asbury Automotive Group from $71.00 to $81.00 and gave the company a “sell” rating in a report on Wednesday, November 14th. Finally, Zacks Investment Research upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.50.

Shares of ABG remained flat at $$69.02 during trading hours on Monday. 151,400 shares of the stock were exchanged, compared to its average volume of 217,496. The stock has a market cap of $1.35 billion, a P/E ratio of 8.21, a PEG ratio of 0.58 and a beta of 1.19. Asbury Automotive Group, Inc. has a 1-year low of $58.60 and a 1-year high of $77.75. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.21 and a quick ratio of 0.36.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.13. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Asbury Automotive Group had a net margin of 2.44% and a return on equity of 37.81%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.81 EPS. As a group, equities analysts forecast that Asbury Automotive Group, Inc. will post 8.63 EPS for the current fiscal year.

Asbury Automotive Group Profile

Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

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