Asbury Automotive Group Inc (NYSE:ABG) Sellers Reduced Their Shorts By 9.04%

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

Big Money Sentiment increased to 1.67 in Q2 2018. It has change of 0.53, from 2018Q1’s 1.14. The ratio is positive due to Asbury Automotive Group, Inc. positioning: 13 sold and 41 reduced. 24 funds amassed stakes and 66 increased stakes. Investors holded 20.46 million in 2018Q1 but now own 20.59 million shares or 0.64% more.
Schroder Invest Management owns 577,860 shs for 0.07% of their capital. Hbk Invs L P invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). Laurion Capital Mngmt Ltd Partnership stated it has 0.01% of its capital in Asbury Automotive Group, Inc. (NYSE:ABG). Gam Ag has 0.02% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 8,768 shs. Lsv Asset Management reported 210,600 shs stake. Parallax Volatility Advisers Ltd Partnership holds 0% or 758 shs. State Board Of Administration Of Florida Retirement Sys invested in 0% or 8,013 shs. Price T Rowe Associates Md has invested 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Credit Suisse Ag stated it has 20,532 shs. Principal Grp Inc has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG). Jefferies Grp Lc accumulated 5,280 shs. Chicago Equity Limited Liability Co owns 87,310 shs for 0.18% of their capital. Prudential owns 303,697 shs. Td Asset Incorporated holds 0% or 46,800 shs. Utd Svcs Automobile Association has 8,991 shs.

Asbury Automotive Group, Inc. had 2 selling transactions and 0 insider buys since June 6, 2018. This’s net activity of $1.24 million. $1.12 million worth of Asbury Automotive Group, Inc. (NYSE:ABG) shs were sold by DELOACH THOMAS C JR. Villasana George A had sold 13,263 shs worth $973,239 on Wednesday, June 6.

Asbury Automotive Group Inc (NYSE:ABG) noted a decrease of 9.04% in shorted shares. FINRA published in December ABG’s total 1.79 million shorted shares. That’s 9.04% down from 1.97M shares. Former ABG’s position will need 15 days to restore. It has 122,100 average volume. Float short on Asbury Automotive Group Inc is 10.8%.

Ticker’s shares touched $64.35 during the last trading session after 2.43% change.Asbury Automotive Group, Inc. has volume of 192,210 shares. Since December 8, 2017 ABG has risen 24.48% and is uptrending. ABG outperformed the S&P 500 by 8.86%.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States.The firm is valued at $1.26 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.7.81 is the 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

In total 3 analysts cover Asbury Automotive Group (NYSE:ABG). “Buy” rating has 0, “Sell” are 1, while 2 are “Hold”. (NYSE:ABG) has 0 bullish analysts. 3 are the (NYSE:ABG)’s ratings reports on Dec 8, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Morgan Stanley with “Underweight” on Wednesday, November 14. On Wednesday, October 24 the stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Neutral” rating given by Buckingham Research.

For more Asbury Automotive Group, Inc. (NYSE:ABG) news released briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Zacks.com. The titles are as follows: “Auto dealer stocks cool off after hot streak – Seeking Alpha” released on February 13, 2018, “Auto dealership names higher on M&A buzz – Seeking Alpha” on June 11, 2018, “Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” with a publish date: October 23, 2018, “Frontline Ltd (FRO) CEO Robert Macleod on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” and the last “Should Value Investors Pick Asbury Automotive (ABG) Stock? – Zacks.com” with publication date: August 27, 2018.

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

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