Rock Creek Group LP Has $972,000 Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Rock Creek Group LP lifted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 64.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,000 shares of the company’s stock after purchasing an additional 1,566 shares during the period. Rock Creek Group LP’s holdings in Asbury Automotive Group were worth $972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in Asbury Automotive Group by 0.5% during the 3rd quarter. State Street Corp now owns 801,391 shares of the company’s stock worth $191,204,000 after purchasing an additional 3,672 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Asbury Automotive Group during the fourth quarter valued at approximately $82,426,000. Norges Bank bought a new stake in Asbury Automotive Group during the fourth quarter worth $82,079,000. Charles Schwab Investment Management Inc. raised its position in Asbury Automotive Group by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company’s stock valued at $51,465,000 after buying an additional 3,273 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Asbury Automotive Group in the 4th quarter valued at $51,118,000.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were 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 of the company’s stock, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.

Asbury Automotive Group Stock Down 3.7 %

Shares of NYSE ABG opened at $217.75 on Friday. 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 company has a market cap of $4.28 billion, a P/E ratio of 10.12 and a beta of 1.22. Asbury Automotive Group, Inc. has a 52 week low of $206.62 and a 52 week high of $312.56. The business has a 50-day simple moving average of $266.44 and a two-hundred day simple moving average of $250.55.

Analysts Set New Price Targets

Several research analysts recently weighed in on ABG shares. JPMorgan Chase & Co. reduced their price objective 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. Stephens upped their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Finally, Craig Hallum cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $263.00.

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.