Channing Capital Management LLC Reduces Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Channing Capital Management LLC trimmed its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,535 shares of the company’s stock after selling 6,025 shares during the quarter. Channing Capital Management LLC owned 1.38% of Asbury Automotive Group worth $65,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its stake in Asbury Automotive Group by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock worth $506,000 after purchasing an additional 50 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Asbury Automotive Group by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock valued at $409,000 after buying an additional 53 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Asbury Automotive Group by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock worth $440,000 after buying an additional 57 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of Asbury Automotive Group by 2.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company’s stock worth $978,000 after acquiring an additional 92 shares in the last quarter. Finally, Evergreen Private Wealth LLC lifted its position in Asbury Automotive Group by 0.7% during the 4th quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company’s stock valued at $4,040,000 after acquiring an additional 119 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on ABG shares. JPMorgan Chase & Co. lowered their price objective on 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. Craig Hallum lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Stephens upped 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 research note on Tuesday, February 11th. Finally, Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $264.00.

Insider Activity at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the sale, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

Asbury Automotive Group Stock Down 2.6 %

ABG opened at $248.13 on Tuesday. The company has a market capitalization of $4.87 billion, a PE ratio of 11.54 and a beta of 1.22. The firm has a 50-day simple moving average of $268.46 and a two-hundred day simple moving average of $250.65. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a 52 week low of $202.98 and a 52 week high of $312.56.

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.