Teachers Retirement System of The State of Kentucky lifted its stake in Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,995 shares of the company's stock after acquiring an additional 200 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Asbury Automotive Group were worth $960,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of ABG. Bank of America Corp DE boosted its stake in Asbury Automotive Group by 3.2% during the first quarter. Bank of America Corp DE now owns 201,038 shares of the company's stock worth $32,207,000 after buying an additional 6,153 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Asbury Automotive Group during the first quarter worth $691,000. Walleye Capital LLC acquired a new stake in Asbury Automotive Group during the first quarter worth $632,000. Capital Research Global Investors boosted its stake in Asbury Automotive Group by 35.4% during the first quarter. Capital Research Global Investors now owns 761,102 shares of the company's stock worth $121,929,000 after buying an additional 198,985 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Asbury Automotive Group during the first quarter worth $341,000.
Get Asbury Automotive Group alerts:Asbury Automotive Group Stock Performance
Asbury Automotive Group stock opened at $147.68 on Friday. The stock has a 50-day simple moving average of $172.92 and a 200 day simple moving average of $173.51. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt-to-equity ratio of 1.38. Asbury Automotive Group, Inc. has a 12-month low of $143.28 and a 12-month high of $230.96. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 4.42, a P/E/G ratio of 0.22 and a beta of 1.11.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. StockNews.com raised Asbury Automotive Group from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Morgan Stanley lifted their price objective on Asbury Automotive Group from $130.00 to $135.00 and gave the company an "underweight" rating in a report on Friday, July 29th. Bank of America cut their price objective on Asbury Automotive Group from $385.00 to $368.00 and set a "buy" rating for the company in a report on Friday, September 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Asbury Automotive Group from $195.00 to $205.00 and gave the company a "neutral" rating in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Asbury Automotive Group currently has an average rating of "Moderate Buy" and an average target price of $236.60.Asbury Automotive Group Profile
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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.
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