1 week Ago By ABMN Staff
Pictet Asset Management Holding SA raised its stake in Asbury Automotive Group, Inc. ( NYSE:ABG – Free Report ) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 3,092 shares of the company’s stock after buying an additional 524 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Asbury Automotive Group were worth $751,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also modified their holdings of the company.
FMR LLC increased its position in Asbury Automotive Group by 47.4% during the third quarter. FMR LLC now owns 2,141 shares of the company’s stock worth $511,000 after purchasing an additional 688 shares during the last quarter.
Captrust Financial Advisors grew its stake in shares of Asbury Automotive Group by 29.1% in the 3rd quarter. Captrust Financial Advisors now owns 2,037 shares of the company’s stock valued at $486,000 after buying an additional 459 shares during the period.
HighTower Advisors LLC increased 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 worth $409,000 after buying an additional 53 shares during the last quarter.
Stifel Financial Corp raised its position in shares of Asbury Automotive Group by 1,990.9% during the 3rd quarter. Stifel Financial Corp now owns 19,926 shares of the company’s stock valued at $4,754,000 after buying an additional 18,973 shares during the period.
Finally, State Street Corp lifted its holdings in Asbury Automotive Group by 0.5% in 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.
Asbury Automotive Group Stock Performance NYSE ABG opened at $215.99 on Tuesday. The company has a debt-to-equity ratio of 0.
98, a current ratio of 1.20 and a quick ratio of 0.41.
The company has a market cap of $4.24 billion, a P/E ratio of 10.04 and a beta of 1.
04. The stock has a 50-day moving average of $261.81 and a two-hundred day moving average of $250.
76. Asbury Automotive Group, Inc. has a 1-year low of $201.
68 and a 1-year high of $312.56. Analysts Set New Price Targets Check Out Our Latest Stock Report on Asbury Automotive Group Insider Activity at Asbury Automotive Group In related news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group 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 transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at approximately $1,111,510.08. This trade represents a 24.
52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Company insiders own 0.
53% of the company’s stock. About Asbury Automotive Group ( Free Report ) 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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