Asbury Automotive Group (ABG) : Cobalt Capital Management scooped up 71,900 additional shares in Asbury Automotive Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 408,152 shares of Asbury Automotive Group which is valued at $22,799,371.Asbury Automotive Group makes up approximately 2.92% of Cobalt Capital Management’s portfolio.
Other Hedge Funds, Including , Pleasant Lake Partners sold out all of its stake in ABG during the most recent quarter. The investment firm sold 3,270 shares of ABG which is valued $182,662.Geode Capital Management reduced its stake in ABG by selling 13,991 shares or 8.45% in the most recent quarter. The Hedge Fund company now holds 151,521 shares of ABG which is valued at $8,463,963.Public Sector Pension Investment Board reduced its stake in ABG by selling 1,700 shares or 9.77% in the most recent quarter. The Hedge Fund company now holds 15,700 shares of ABG which is valued at $877,002. Asbury Automotive Group makes up approx 0.01% of Public Sector Pension Investment Board’s portfolio.Vanguard Group Inc reduced its stake in ABG by selling 208,491 shares or 10.61% in the most recent quarter. The Hedge Fund company now holds 1,756,469 shares of ABG which is valued at $98,116,358. Asbury Automotive Group makes up approx 0.01% of Vanguard Group Inc’s portfolio. Daiwa Securities Group sold out all of its stake in ABG during the most recent quarter. The investment firm sold 4,860 shares of ABG which is valued $291,892.
Asbury Automotive Group opened for trading at $53.7 and hit $54.99 on the upside on Thursday, eventually ending the session at $54.27, with a gain of 1.02% or 0.55 points. The heightened volatility saw the trading volume jump to 2,40,222 shares. Company has a market cap of $1,203 M.
On the company’s financial health, Asbury Automotive Group reported $1.65 EPS for the quarter, based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus estimate of $1.65. The company had revenue of $1627.40 million for the quarter, compared to analysts expectations of $1709.08 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.
Asbury Automotive Group Inc. (Asbury) is an automotive retailer in the United States. The Company offers a range of automotive products and services including new and used vehicles vehicle maintenance replacement parts and collision repair services new and used vehicle financing and aftermarket products including insurance warranty and service contracts. The Companys brand names include Nalley Automotive Group Courtesy Autogroup Coggin Automotive Group Crown Automotive Company David McDavid Auto Group Gray-Daniels Auto Family and Plaza Motor Company among others. The Companys new vehicle sales consist of the sale of new vehicles to individual retail customers and the sale of new vehicles to commercial customers. Its used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. It provides vehicle maintenance and repair services in the markets of its franchised dealerships.