Could Asbury Automotive Group Inc (NYSE:ABG) See a Reversal After More Sellers Came In?

Asbury Automotive Group, Inc. (NYSE:ABG) Logo

Investors sentiment increased to 1.1 in Q1 2019. Its up 0.23, from 0.87 in 2018Q4. It improved, as 18 investors sold Asbury Automotive Group, Inc. shares while 49 reduced holdings. 16 funds opened positions while 58 raised stakes. 19.85 million shares or 1.83% less from 20.22 million shares in 2018Q4 were reported.
Hotchkis Wiley Capital Mgmt Ltd Liability Co invested in 57,939 shares or 0.02% of the stock. Chicago Equity Prtn Ltd reported 0.26% stake. Eulav Asset Mngmt has 11,100 shares for 0.03% of their portfolio. State Of Alaska Department Of Revenue reported 11,694 shares stake. Parkside Retail Bank & Tru, a Missouri-based fund reported 7 shares. Artemis Inv Mgmt Llp, United Kingdom-based fund reported 69,500 shares. Assetmark reported 176 shares stake. 1,586 are held by Ameritas Investment Prtnrs Inc. Parallax Volatility Advisers L P holds 23,997 shares or 0% of its portfolio. Commonwealth Bancorp Of Australia reported 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Pinebridge Investments L P holds 0.02% or 17,178 shares in its portfolio. Mason Street Advsr Ltd Liability stated it has 6,262 shares. First Manhattan Company holds 0.07% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 166,435 shares. Ls Invest Advsrs Ltd Liability Corp has invested 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Moreover, Mutual Of America Capital Management Ltd Com has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG).

Since February 12, 2019, it had 0 buys, and 2 sales for $1.07 million activity.

The stock of Asbury Automotive Group Inc (NYSE:ABG) registered an increase of 4.54% in short interest. ABG’s total short interest was 1.85 million shares in July as published by FINRA. Its up 4.54% from 1.77 million shares, reported previously. With 209,700 shares average volume, it will take short sellers 9 days to cover their ABG’s short positions. The short interest to Asbury Automotive Group Inc’s float is 10.44%.

The stock increased 0.40% or $0.34 during the last trading session, reaching $84.5. About 113,085 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 13.10% since July 14, 2018 and is uptrending. It has outperformed by 8.67% the S&P500.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company has market cap of $1.64 billion. It offers a range of automotive services and products, including new and used vehicles; and vehicle repair and maintenance, replacement parts, and collision repair services. It has a 9.98 P/E ratio. The firm also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

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

Among 2 analysts covering Asbury (NYSE:ABG), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Asbury has $8800 highest and $82 lowest target. $87.50’s average target is 3.55% above currents $84.5 stock price. Asbury had 5 analyst reports since February 14, 2019 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, May 6. JP Morgan maintained the shares of ABG in report on Tuesday, July 9 with “Neutral” rating.

More notable recent Asbury Automotive Group, Inc. (NYSE:ABG) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About First Busey Corporation (BUSE) – Yahoo Finance” on June 28, 2019, also Fool.com with their article: “Which Canadian Marijuana Stock Is Best Poised to Win in the U.S.: Aurora Cannabis, Cronos, Canopy Growth, or Tilray? – The Motley Fool” published on March 31, 2019, Seekingalpha.com published: “Asbury Automotive Group, Inc. 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” on April 23, 2019. More interesting news about Asbury Automotive Group, Inc. (NYSE:ABG) were released by: Benzinga.com and their article: “Earnings Scheduled For April 23, 2019 – Benzinga” published on April 23, 2019 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For April 24, 2019 – Benzinga” with publication date: April 24, 2019.

Asbury Automotive Group, Inc. (NYSE:ABG) Institutional Positions Chart

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