Time to Reconsider Asbury Automotive Group Incorporated (NYSE:ABG) After More Short Sellers?

June 20, 2017 - By Maria Brooks

 Time to Reconsider Asbury Automotive Group Incorporated (NYSE:ABG) After More Short Sellers?

Investors sentiment decreased to 0.77 in Q4 2016. Its down 0.12, from 0.89 in 2016Q3. It dropped, as 26 investors sold Asbury Automotive Group, Inc. shares while 60 reduced holdings. 27 funds opened positions while 39 raised stakes. 21.06 million shares or 4.38% less from 22.03 million shares in 2016Q3 were reported.
Rdl Financial, a Virginia-based fund reported 5,640 shares. Principal Financial Inc holds 0.01% or 144,622 shares. First Quadrant Ltd Partnership Ca holds 12,100 shares. Legal And General Grp Inc Public Ltd Company reported 0% stake. Bank & Trust Of Montreal Can holds 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 619 shares. State Of Alaska Department Of Revenue has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). Capstone Asset Mgmt stated it has 6,960 shares or 0.01% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 618 shares. Credit Suisse Ag invested in 0% or 40,273 shares. Leuthold Group Limited Liability Company invested in 0.42% or 60,308 shares. Verition Fund Management Limited Liability Com invested in 0.09% or 17,831 shares. Adage Prns Group Limited Liability Company has 0.06% invested in Asbury Automotive Group, Inc. (NYSE:ABG). Harber Asset Mngmt Ltd Limited Liability Company has invested 0.56% in Asbury Automotive Group, Inc. (NYSE:ABG). American accumulated 14,603 shares. Geode Capital Mgmt Limited Liability Corp holds 157,305 shares or 0% of its portfolio.

Since February 8, 2017, it had 0 insider buys, and 6 insider sales for $2.67 million activity. $846,690 worth of stock was sold by Villasana George A on Wednesday, February 8. Karolis George had sold 2,773 shares worth $191,365 on Tuesday, February 21. On Monday, June 12 the insider Hult David W sold $716,718. $665,000 worth of stock was sold by Style Keith on Thursday, February 16. Another trade for 1,676 shares valued at $99,219 was made by DELOACH THOMAS C JR on Monday, May 8.

The stock of Asbury Automotive Group Incorporated (NYSE:ABG) registered an increase of 3.37% in short interest. ABG’s total short interest was 2.06 million shares in June as published by FINRA. Its up 3.37% from 1.99 million shares, reported previously. With 236,300 shares average volume, it will take short sellers 9 days to cover their ABG’s short positions. The short interest to Asbury Automotive Group Incorporated’s float is 11.94%.

The stock increased 2.01% or $1.1 during the last trading session, reaching $55.75. About shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 7.55% since June 20, 2016 and is uptrending. It has underperformed by 9.15% the S&P500.

Asbury Automotive Group, Inc. is an automotive retailer in the United States. The company has market cap of $1.11 billion. 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. It has a 7.12 P/E ratio. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Asbury Automotive Group, Inc. (NYSE:ABG) Ratings Coverage

Among 7 analysts covering Asbury Automotive (NYSE:ABG), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Asbury Automotive has $100 highest and $6800 lowest target. $81.80’s average target is 46.73% above currents $55.75 stock price. Asbury Automotive had 14 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, August 31 the stock rating was upgraded by Buckingham Research to “Neutral”. As per Monday, October 26, the company rating was downgraded by BB&T Capital. The firm has “Buy” rating given on Thursday, October 22 by Bank of America. Jefferies initiated Asbury Automotive Group, Inc. (NYSE:ABG) on Monday, April 11 with “Hold” rating. The firm has “Underperform” rating by Bank of America given on Wednesday, July 22. On Tuesday, January 12 the stock rating was downgraded by Craig Hallum to “Hold”. The firm has “Hold” rating given on Friday, June 2 by Jefferies. The firm has “Buy” rating given on Tuesday, September 8 by Craig Hallum. The rating was maintained by KeyBanc Capital Markets on Friday, August 28 with “Buy”. Buckingham Research upgraded Asbury Automotive Group, Inc. (NYSE:ABG) on Tuesday, February 23 to “Buy” rating.

More notable recent Asbury Automotive Group, Inc. (NYSE:ABG) news were published by: Seekingalpha.com which released: “Asbury Automotive Group (ABG) Q4 2016 Results – Earnings Call Transcript” on February 07, 2017, also Nasdaq.com with their article: “Is Asbury Automotive a Suitable Stock for Value Investors?” published on June 12, 2017, Prnewswire.com published: “Asbury Automotive Group, Inc. Announces Appointment of Sean D. Goodman as …” on May 05, 2017. More interesting news about Asbury Automotive Group, Inc. (NYSE:ABG) were released by: Seekingalpha.com and their article: “Asbury Automotive Group’s (ABG) CEO Craig Monaghan on Q1 2017 Results …” published on April 30, 2017 as well as Seekingalpha.com‘s news article titled: “Asbury Automotive Group (ABG) Craig T. Monaghan on Q2 2016 Results – Earnings …” with publication date: July 26, 2016.

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