Asbury Automotive Group, Inc. (ABG) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 1,004.6% during the first quarter, Holdings Channel reports. The firm owned 52,777 shares of the company’s stock after buying an additional 47,999 shares during the period. BNP Paribas Arbitrage SA’s holdings in Asbury Automotive Group were worth $3,172,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Asbury Automotive Group by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 774,953 shares of the company’s stock valued at $47,815,000 after buying an additional 17,185 shares during the period. Comerica Bank increased its stake in shares of Asbury Automotive Group by 5.5% in the fourth quarter. Comerica Bank now owns 21,019 shares of the company’s stock valued at $1,338,000 after buying an additional 1,100 shares during the period. Jane Street Group LLC purchased a new stake in shares of Asbury Automotive Group during the third quarter valued at about $555,000. Gotham Asset Management LLC purchased a new stake in shares of Asbury Automotive Group during the third quarter valued at about $7,766,000. Finally, UBS Group AG increased its stake in shares of Asbury Automotive Group by 13.1% in the third quarter. UBS Group AG now owns 435,367 shares of the company’s stock valued at $24,237,000 after buying an additional 50,479 shares during the period.

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

Shares of Asbury Automotive Group, Inc. (NYSE:ABG) traded up 1.06% during mid-day trading on Friday, reaching $57.05. 88,064 shares of the company’s stock traded hands. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 7.29 and a beta of 1.33. Asbury Automotive Group, Inc. has a 52 week low of $47.50 and a 52 week high of $71.00. The company’s 50 day moving average is $59.15 and its 200-day moving average is $61.17.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Thursday, April 27th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Asbury Automotive Group had a net margin of 2.56% and a return on equity of 57.45%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. Equities analysts expect that Asbury Automotive Group, Inc. will post $6.55 earnings per share for the current fiscal year.

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Several brokerages have issued reports on ABG. Jefferies Group LLC boosted their target price on shares of Asbury Automotive Group from $64.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, February 7th. Zacks Investment Research raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th.

In other news, SVP George Karolis sold 2,773 shares of Asbury Automotive Group stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $69.01, for a total transaction of $191,364.73. Following the transaction, the senior vice president now directly owns 6,927 shares of the company’s stock, valued at $478,032.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas C. Deloach, Jr. sold 1,676 shares of Asbury Automotive Group stock in a transaction on Monday, May 8th. The stock was sold at an average price of $59.20, for a total transaction of $99,219.20. Following the transaction, the director now directly owns 82,000 shares in the company, valued at $4,854,400. The disclosure for this sale can be found here. Company insiders own 10.90% of the company’s stock.

About Asbury Automotive Group

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.

5 Day Chart for NYSE:ABG

Want to see what other hedge funds are holding ABG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asbury Automotive Group, Inc. (NYSE:ABG).

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