Asbury Automotive Group Inc (ABG) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its position in shares of Asbury Automotive Group Inc (NYSE:ABG) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,076 shares of the company’s stock after buying an additional 2,529 shares during the quarter. Peregrine Capital Management LLC owned 0.60% of Asbury Automotive Group worth $7,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ABG. USA Financial Portformulas Corp lifted its holdings in shares of Asbury Automotive Group by 59.4% during the 2nd quarter. USA Financial Portformulas Corp now owns 6,845 shares of the company’s stock worth $387,000 after acquiring an additional 2,550 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Asbury Automotive Group during the second quarter valued at about $419,000. Public Employees Retirement System of Ohio raised its stake in shares of Asbury Automotive Group by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 3,673 shares of the company’s stock valued at $208,000 after acquiring an additional 340 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Asbury Automotive Group during the second quarter valued at about $294,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Asbury Automotive Group during the second quarter valued at about $230,000.

In related news, Director Joel Alsfine sold 200,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $62.00, for a total value of $12,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Msd Capital L. P sold 104,949 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $51.27, for a total transaction of $5,380,735.23. The disclosure for this sale can be found here. Insiders have sold 374,333 shares of company stock valued at $22,000,815 in the last ninety days. Insiders own 11.90% of the company’s stock.

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Asbury Automotive Group Inc (ABG) opened at $61.95 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60. The firm has a market cap of $1,289.68, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Asbury Automotive Group Inc has a 12-month low of $49.10 and a 12-month high of $71.00.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.09). Asbury Automotive Group had a return on equity of 42.24% and a net margin of 2.54%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. equities analysts predict that Asbury Automotive Group Inc will post 6.28 EPS for the current fiscal year.

Several brokerages recently issued reports on ABG. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Jefferies Group LLC restated a “hold” rating and set a $61.00 price objective on shares of Asbury Automotive Group in a research report on Thursday, October 12th. TheStreet raised shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. BidaskClub cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $58.00 price objective (down previously from $60.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Asbury Automotive Group has a consensus rating of “Hold” and an average price target of $56.75.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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