New Amsterdam Partnersny adds Asbury Automotive Group (ABG) to its portfolio

Asbury Automotive Group (ABG) : New Amsterdam Partnersny added new position in Asbury Automotive Group during the most recent quarter end. The investment management firm now holds 100,504 shares of Asbury Automotive Group which is valued at $5,630,234 , the company said in a statement filed on Aug 1, 2016 with the SEC.Asbury Automotive Group makes up approximately 1.31% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in ABG by selling 11,909 shares or 22.13% in the most recent quarter. The Hedge Fund company now holds 41,902 shares of ABG which is valued at $2,347,350.Huntington National Bank boosted its stake in ABG in the latest quarter, The investment management firm added 1,563 additional shares and now holds a total of 2,259 shares of Asbury Automotive Group which is valued at $135,676. Simplex Trading sold out all of its stake in ABG during the most recent quarter. The investment firm sold 537 shares of ABG which is valued $31,973.

Asbury Automotive Group opened for trading at $55.38 and hit $57.17 on the upside on Thursday, eventually ending the session at $56.08, with a gain of 0.11% or 0.06 points. The heightened volatility saw the trading volume jump to 1,57,357 shares. Company has a market cap of $1,243 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 Company’s 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 Company’s new vehicle sales consist of the sale of new vehicles to individual retail customers and the sale of new vehicles to commercial customers. It’s 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.

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