EntryPoint Capital LLC Grows Position in Asbury Automotive Group, Inc. (NYSE:ABG)

EntryPoint Capital LLC grew its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 38.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,283 shares of the company’s stock after acquiring an additional 356 shares during the quarter. EntryPoint Capital LLC’s holdings in Asbury Automotive Group were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Asbury Automotive Group by 0.5% during the third quarter. State Street Corp now owns 801,391 shares of the company’s stock valued at $191,204,000 after acquiring an additional 3,672 shares during the last quarter. Madison Investment Advisors LLC bought a new position in Asbury Automotive Group in the 4th quarter valued at $82,426,000. Charles Schwab Investment Management Inc. increased its position in shares of Asbury Automotive Group by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company’s stock valued at $51,465,000 after purchasing an additional 3,273 shares during the last quarter. Magnolia Group LLC increased its position in shares of Asbury Automotive Group by 2.1% during the 4th quarter. Magnolia Group LLC now owns 149,123 shares of the company’s stock valued at $36,241,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Asbury Automotive Group by 10.8% during the 4th quarter. Natixis Advisors LLC now owns 123,369 shares of the company’s stock worth $29,982,000 after purchasing an additional 11,995 shares during the period.

Analyst Ratings Changes

ABG has been the subject of several research reports. Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Stephens lifted their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $263.00.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the sale, the chief operating officer now owns 3,747 shares of the company’s stock, valued at $1,111,510.08. The trade was a 24.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

Asbury Automotive Group Price Performance

NYSE ABG opened at $226.59 on Friday. The company has a market cap of $4.45 billion, a PE ratio of 10.53 and a beta of 1.22. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The firm’s 50-day simple moving average is $266.98 and its two-hundred day simple moving average is $250.35. Asbury Automotive Group, Inc. has a 52 week low of $206.62 and a 52 week high of $312.56.

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.