Entropy Technologies LP Makes New $219,000 Investment in Asbury Automotive Group, Inc. (NYSE:ABG)

Entropy Technologies LP purchased a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 900 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in Asbury Automotive Group by 0.5% in the 3rd quarter. State Street Corp now owns 801,391 shares of the company’s stock worth $191,204,000 after acquiring an additional 3,672 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Asbury Automotive Group by 366.1% during the third quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company’s stock worth $45,233,000 after purchasing an additional 148,910 shares during the last quarter. Natixis Advisors LLC purchased a new stake in shares of Asbury Automotive Group in the third quarter valued at $26,573,000. International Assets Investment Management LLC acquired a new position in Asbury Automotive Group in the third quarter valued at $154,270,000. Finally, Rockefeller Capital Management L.P. purchased a new position in Asbury Automotive Group during the third quarter worth about $14,219,000.

Analyst Upgrades and Downgrades

Several analysts have commented on ABG shares. Stephens lifted their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday. StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Craig Hallum raised shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their target price on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $264.00.

Asbury Automotive Group Price Performance

Asbury Automotive Group stock opened at $300.15 on Friday. The firm has a fifty day moving average of $259.64 and a 200-day moving average of $245.83. Asbury Automotive Group, Inc. has a 52-week low of $202.98 and a 52-week high of $312.56. 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 firm has a market capitalization of $5.88 billion, a P/E ratio of 13.95 and a beta 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.