918 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Bought by Vista Finance LLC

Vista Finance LLC acquired a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 918 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Asbury Automotive Group during the third quarter valued at about $31,000. KBC Group NV grew 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 worth $187,000 after acquiring an additional 264 shares during the period. Nisa Investment Advisors LLC raised 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 worth $204,000 after acquiring an additional 123 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of Asbury Automotive Group in the 4th quarter valued at approximately $213,000. Finally, Highland Capital Management LLC bought a new stake in shares of Asbury Automotive Group during the fourth quarter valued at approximately $216,000.

Asbury Automotive Group Trading Up 1.1 %

Shares of NYSE ABG opened at $303.01 on Friday. The firm’s 50 day moving average price is $261.34 and its 200-day moving average price is $246.46. Asbury Automotive Group, Inc. has a 52-week low of $202.98 and a 52-week high of $312.56. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The company has a market cap of $5.94 billion, a PE ratio of 14.09 and a beta of 1.20.

Wall Street Analyst Weigh In

Several equities analysts have commented on ABG shares. Craig Hallum raised Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Stephens raised their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Seaport Res Ptn cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.