Rr Partners LP Has Decreased Asbury Automotive Group (ABG) Position; Liquidity Services Has 1.24 Sentiment

October 13, 2017 - By Louis Casey

Liquidity Services, Inc. operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The company has market cap of $185.87 million. The Firm employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. It currently has negative earnings. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

Rr Partners Lp decreased Asbury Automotive Group Inc (ABG) stake by 15.54% reported in 2017Q2 SEC filing. Rr Partners Lp sold 68,900 shares as Asbury Automotive Group Inc (ABG)’s stock declined 15.17%. The Rr Partners Lp holds 374,355 shares with $21.17M value, down from 443,255 last quarter. Asbury Automotive Group Inc now has $1.21 billion valuation. The stock rose 0.78% or $0.45 reaching $57.95. About shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 7.55% since October 13, 2016 and is uptrending. It has underperformed by 9.15% the S&P500.

Analysts await Liquidity Services, Inc. (NASDAQ:LQDT) to report earnings on November, 16. They expect $-0.26 earnings per share, down 116.67% or $0.14 from last year’s $-0.12 per share. After $-0.22 actual earnings per share reported by Liquidity Services, Inc. for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.

Roumell Asset Management Llc holds 8.77% of its portfolio in Liquidity Services, Inc. for 626,260 shares. Harber Asset Management Llc owns 550,540 shares or 1.44% of their US portfolio. Moreover, Staley Capital Advisers Inc has 1.37% invested in the company for 2.53 million shares. The Louisiana-based Diversified Investment Strategies Llc has invested 0.86% in the stock. Robotti Robert, a New York-based fund reported 415,194 shares.

About shares traded. Liquidity Services, Inc. (LQDT) has risen 10.20% since October 13, 2016 and is uptrending. It has underperformed by 6.50% the S&P500.

Since May 8, 2017, it had 0 insider buys, and 3 selling transactions for $969,490 activity. 12,500 shares valued at $716,718 were sold by Hult David W on Monday, June 12. DELOACH THOMAS C JR sold 1,676 shares worth $99,219. On Tuesday, May 30 the insider Karolis George sold $153,553.

Analysts await Asbury Automotive Group, Inc. (NYSE:ABG) to report earnings on October, 24. They expect $1.58 EPS, up 3.95% or $0.06 from last year’s $1.52 per share. ABG’s profit will be $32.99 million for 9.17 P/E if the $1.58 EPS becomes a reality. After $1.58 actual EPS reported by Asbury Automotive Group, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 7 analysts covering Asbury Automotive (NYSE:ABG), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Asbury Automotive had 20 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given on Thursday, August 31 by KeyBanc Capital Markets. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given on Wednesday, October 11 by Jefferies. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Sector Weight” rating given on Wednesday, November 16 by KeyBanc Capital Markets. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given on Tuesday, October 3 by KeyBanc Capital Markets. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Neutral” rating given on Monday, August 31 by Buckingham Research. On Wednesday, July 22 the stock rating was downgraded by Bank of America to “Underperform”. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, August 28. The stock has “Buy” rating by Bank of America on Thursday, October 22. Bank of America upgraded the shares of ABG in report on Wednesday, September 30 to “Neutral” rating. On Monday, April 11 the stock rating was initiated by Jefferies with “Hold”.

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.12, from 1.15 in 2017Q1. It worsened, as 18 investors sold ABG 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. State Of Tennessee Treasury Department accumulated 17,666 shares. Citigroup has 19,920 shares for 0% of their portfolio. Arizona State Retirement Systems holds 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG) or 9,800 shares. Hbk Ltd Partnership reported 23,600 shares. Vanguard Grp Inc has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). James Rech has invested 0.06% in Asbury Automotive Group, Inc. (NYSE:ABG). Ubs Asset Mngmt Americas has 8,036 shares. Tfs Capital Limited Liability Co owns 17,055 shares. Moreover, Janney Montgomery Scott Ltd has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 9,095 shares. California State Teachers Retirement reported 33,229 shares stake. Envestnet Asset Management reported 547 shares. 61,813 were reported by Deutsche National Bank & Trust Ag. Piedmont Invest Advisors Ltd Co stated it has 4,070 shares or 0.01% of all its holdings. Legal General Group Public Lc holds 54,783 shares or 0% of its portfolio. Rr Prns LP has invested 1.21% in Asbury Automotive Group, Inc. (NYSE:ABG).

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