Asbury Automotive Group Incorporated (NYSE:ABG) Short Interest Increased By 1.2%

December 20, 2017 - By Peter Erickson

 Asbury Automotive Group Incorporated (NYSE:ABG) Short Interest Increased By 1.2%

Investors sentiment decreased to 1.03 in Q2 2017. Its down 0.12, from 1.15 in 2017Q1. It dropped, as 18 investors sold Asbury Automotive Group, Inc. shares while 53 reduced holdings. 25 funds opened positions while 48 raised stakes. 21.26 million shares or 1.45% more from 20.96 million shares in 2017Q1 were reported.
Timessquare Capital Mngmt Limited accumulated 0.15% or 420,800 shares. Tiaa Cref Mngmt Limited Com reported 93,094 shares. Menta Limited Co holds 9,773 shares. New York-based Tower Research Cap Limited Liability Co (Trc) has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). Virginia Retirement System Et Al owns 22,200 shares. Public Employees Retirement Systems Of Ohio reported 3,673 shares. Globeflex Capital L P reported 21,870 shares. Millennium Mngmt Limited Co holds 0.01% or 72,079 shares. 23,600 were accumulated by Hbk Investments Lp. Schwab Charles Inv Management Inc owns 190,784 shares. Louisiana State Employees Retirement holds 0.02% or 7,700 shares. Jpmorgan Chase & reported 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Denali Ltd Liability Corp, a California-based fund reported 47 shares. First Midwest Comml Bank Trust Division reported 8,386 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG).

Since August 4, 2017, it had 0 insider purchases, and 5 selling transactions for $14.02 million activity. The insider Stax William Frederick sold $26,854. $2.94M worth of stock was sold by MONAGHAN CRAIG T on Friday, October 27. ALSFINE JOEL sold $5.38 million worth of stock or 104,949 shares. Shares for $293,300 were sold by Clements DEnnis E.

The stock of Asbury Automotive Group Incorporated (NYSE:ABG) registered an increase of 1.2% in short interest. ABG’s total short interest was 1.87 million shares in December as published by FINRA. Its up 1.2% from 1.85 million shares, reported previously. With 214,000 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 10.82%.

The stock decreased 1.96% or $1.3 during the last trading session, reaching $65.15. About 157,922 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 7.55% since December 20, 2016 and is uptrending. It has underperformed by 9.15% the S&P500.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company has market cap of $1.36 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 8.42 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 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 $5500 lowest target. $76.17’s average target is 16.91% above currents $65.15 stock price. Asbury Automotive had 21 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Wednesday, September 30. The rating was downgraded by Craig Hallum to “Hold” on Tuesday, January 12. Bank of America downgraded the stock to “Underperform” rating in Wednesday, July 22 report. The firm has “Hold” rating by Jefferies given on Monday, April 11. The firm has “Hold” rating given on Friday, September 8 by Jefferies. The firm earned “Buy” rating on Thursday, October 22 by Bank of America. The company was maintained on Monday, November 13 by KeyBanc Capital Markets. The company was maintained on Friday, June 2 by Jefferies. As per Monday, October 26, the company rating was downgraded by BB&T Capital. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Wednesday, November 16.

More notable recent Asbury Automotive Group, Inc. (NYSE:ABG) news were published by: Prnewswire.com which released: “Asbury Automotive Group Announces Third Quarter 2017 Financial Results” on October 24, 2017, also Prnewswire.com with their article: “Asbury Automotive Group, Inc. Announces CEO Succession Plan” published on August 22, 2017, Seekingalpha.com published: “Asbury Automotive Group’s (ABG) CEO Craig Monaghan on Q2 2017 Results …” on July 25, 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 Q3 2017 Results …” published on October 24, 2017 as well as Prnewswire.com‘s news article titled: “Asbury Automotive Group, Inc. Announces Appointment of Sean D. Goodman as …” with publication date: May 05, 2017.

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