Venturi Wealth Management LLC Has $342,000 Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Venturi Wealth Management LLC lifted its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,408 shares of the company’s stock after buying an additional 315 shares during the period. Venturi Wealth Management LLC’s holdings in Asbury Automotive Group were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ABG. Harbor Capital Advisors Inc. acquired a new position in Asbury Automotive Group in the third quarter valued at about $31,000. KBC Group NV lifted its holdings in shares of Asbury Automotive Group by 52.3% during the 4th quarter. KBC Group NV now owns 769 shares of the company’s stock valued at $187,000 after purchasing an additional 264 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Asbury Automotive Group by 17.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after purchasing an additional 123 shares during the period. Stephens Inc. AR bought a new stake in Asbury Automotive Group during the 4th quarter worth approximately $213,000. Finally, Highland Capital Management LLC acquired a new stake in Asbury Automotive Group during the 4th quarter worth approximately $216,000.

Insider Buying and Selling

In other news, COO Daniel Clara sold 1,217 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by insiders.

Asbury Automotive Group Trading Down 2.1 %

Shares of NYSE:ABG opened at $288.36 on Friday. Asbury Automotive Group, Inc. has a 12-month low of $202.98 and a 12-month high of $312.56. The business has a 50 day moving average of $264.56 and a 200-day moving average of $247.65. 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 stock has a market cap of $5.65 billion, a PE ratio of 13.41 and a beta of 1.20.

Analyst Ratings Changes

ABG has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Craig Hallum lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Stephens increased their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Seaport Res Ptn cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $264.00.

Asbury Automotive Group Company Profile

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.