Aigen Investment Management LP Sells 694 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Aigen Investment Management LP trimmed its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 33.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,358 shares of the company’s stock after selling 694 shares during the period. Aigen Investment Management LP’s holdings in Asbury Automotive Group were worth $330,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Asbury Automotive Group in the 4th quarter valued at approximately $5,316,000. Atria Investments Inc lifted its position in shares of Asbury Automotive Group by 16.0% in the fourth quarter. Atria Investments Inc now owns 2,922 shares of the company’s stock worth $710,000 after purchasing an additional 402 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Asbury Automotive Group by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company’s stock worth $51,465,000 after purchasing an additional 3,273 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Asbury Automotive Group by 234.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock valued at $122,000 after purchasing an additional 351 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its position in Asbury Automotive Group by 18.2% in the fourth quarter. Bridges Investment Management Inc. now owns 3,946 shares of the company’s stock valued at $959,000 after purchasing an additional 609 shares in the last quarter.

Insiders Place Their Bets

In other news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction 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. The trade was a 24.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

ABG has been the topic of several analyst reports. Craig Hallum cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their target price on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Seaport Res Ptn downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Stephens boosted their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $264.00.

Asbury Automotive Group Stock Down 0.7 %

Shares of ABG stock opened at $255.27 on Friday. Asbury Automotive Group, Inc. has a 52-week low of $202.98 and a 52-week high of $312.56. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 11.87 and a beta of 1.22. The firm’s 50-day moving average is $268.46 and its 200-day moving average is $250.38. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20.

About Asbury Automotive Group

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.