Bamco Cut Ss&C Technologies Holdings (SSNC) Holding By $20.99 Million; 2 Analysts Covering Asbury Automotive Group, Inc. (ABG)

October 13, 2017 - By Dolores Ford

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 rating was maintained by Jefferies with “Hold” on Friday, September 8. Craig Hallum downgraded the shares of ABG in report on Tuesday, January 12 to “Hold” rating. Jefferies maintained the shares of ABG in report on Wednesday, October 11 with “Hold” rating. The rating was upgraded by Buckingham Research on Tuesday, February 23 to “Buy”. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given on Thursday, August 31 by KeyBanc Capital Markets. Bank of America upgraded the shares of ABG in report on Wednesday, September 30 to “Neutral” rating. On Friday, August 28 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock has “Hold” rating by Jefferies on Monday, April 11. The rating was upgraded by Buckingham Research to “Neutral” on Monday, August 31. Jefferies maintained Asbury Automotive Group, Inc. (NYSE:ABG) on Thursday, July 6 with “Hold” rating. See Asbury Automotive Group, Inc. (NYSE:ABG) latest ratings:

11/10/2017 Broker: Jefferies Rating: Hold New Target: $61.0 Maintain
03/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
08/09/2017 Broker: Jefferies Rating: Hold New Target: $61.0 Maintain
31/08/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
26/07/2017 Broker: Craig Hallum Rating: Hold New Target: $55.0000 Maintain
06/07/2017 Broker: Jefferies Rating: Hold New Target: $68.0000 Maintain
02/06/2017 Broker: Jefferies Rating: Hold New Target: $68.0000 Maintain

Bamco Inc decreased Ss&C Technologies Holdings Inc (SSNC) stake by 7% reported in 2017Q2 SEC filing. Bamco Inc sold 552,355 shares as Ss&C Technologies Holdings Inc (SSNC)’s stock rose 4.26%. The Bamco Inc holds 7.34 million shares with $281.90M value, down from 7.89 million last quarter. Ss&C Technologies Holdings Inc now has $8.44 billion valuation. The stock increased 0.91% or $0.37 during the last trading session, reaching $41.07. About shares traded. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has risen 26.42% since October 13, 2016 and is uptrending. It has outperformed by 9.72% the S&P500.

Bamco Inc increased Alphabet Inc stake by 741 shares to 26,077 valued at $23.70M in 2017Q2. It also upped Red Rock Resorts Inc stake by 1.24M shares and now owns 5.55M shares. Fomento Economico Mexicano S (NYSE:FMX) was raised too.

Investors sentiment increased to 2.05 in 2017 Q2. Its up 0.81, from 1.24 in 2017Q1. It improved, as 24 investors sold SSNC shares while 51 reduced holdings. 64 funds opened positions while 90 raised stakes. 172.87 million shares or 0.83% less from 174.31 million shares in 2017Q1 were reported. Andra Ap has 0.03% invested in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 30,900 shares. Assetmark, California-based fund reported 106 shares. Chase Inv Counsel reported 49,675 shares. Incline Global Mgmt Lc holds 1.54 million shares or 4.82% of its portfolio. Qs Ltd Limited Liability Company stated it has 4,810 shares. Moreover, Sei Invs Co has 0.02% invested in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Southeast Asset Advsrs accumulated 56,790 shares. State Board Of Administration Of Florida Retirement System reported 0.03% stake. Royal Bank & Trust Of Canada holds 0% or 35,190 shares in its portfolio. Kbc Grp Nv accumulated 12,879 shares or 0% of the stock. National Bank Of Montreal Can owns 10,961 shares for 0% of their portfolio. Aqr Lc reported 0% in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Hutchin Hill Capital Lp accumulated 0.03% or 22,100 shares. Dnb Asset Mngmt As holds 0% or 11,542 shares in its portfolio. Markston Lc holds 1,400 shares or 0.01% of its portfolio.

Among 12 analysts covering SS&C Techs (NASDAQ:SSNC), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. SS&C Techs had 25 analyst reports since July 27, 2015 according to SRatingsIntel. Raymond James upgraded the shares of SSNC in report on Tuesday, February 9 to “Outperform” rating. The stock has “Buy” rating by Needham on Thursday, July 30. Deutsche Bank maintained the stock with “Hold” rating in Friday, July 14 report. Jefferies maintained the stock with “Buy” rating in Thursday, July 27 report. The rating was maintained by RBC Capital Markets on Wednesday, July 5 with “Buy”. Morgan Stanley initiated the shares of SSNC in report on Monday, March 28 with “Equal-Weight” rating. Sandler O’Neill upgraded SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) on Monday, July 27 to “Buy” rating. The stock has “Neutral” rating by Macquarie Research on Friday, August 28. The company was downgraded on Wednesday, August 5 by Zacks. Jefferies maintained SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) on Thursday, June 1 with “Buy” rating.

Analysts await SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to report earnings on October, 26. They expect $0.46 EPS, up 21.05% or $0.08 from last year’s $0.38 per share. SSNC’s profit will be $94.53 million for 22.32 P/E if the $0.46 EPS becomes a reality. After $0.43 actual EPS reported by SS&C Technologies Holdings, Inc. for the previous quarter, Wall Street now forecasts 6.98% EPS growth.

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.12, from 1.15 in 2017Q1. It turned negative, 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. Moreover, Parametric Port Assocs Limited Liability Corp has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 64,065 shares. Grt Cap Prtn reported 0.28% in Asbury Automotive Group, Inc. (NYSE:ABG). Ahl Prtn Limited Liability Partnership stated it has 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Commercial Bank Of Montreal Can owns 408 shares for 0% of their portfolio. Globeflex L P, a California-based fund reported 21,870 shares. Art Advsrs Limited Co stated it has 0.05% in Asbury Automotive Group, Inc. (NYSE:ABG). Principal Fincl Incorporated reported 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Stevens Cap L P holds 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 3,884 shares. Glenmede Na reported 30 shares. Manufacturers Life Co The reported 14,381 shares. 3,100 are held by Pacad Inv Limited. Millennium Ltd Limited Liability Company owns 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 72,079 shares. Amer Int Gru holds 14,047 shares. Blackrock stated it has 2.67M shares or 0.01% of all its holdings. James Invest Research has 0.06% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 33,910 shares.

Since May 8, 2017, it had 0 insider purchases, and 3 insider sales for $969,490 activity. Shares for $153,553 were sold by Karolis George. DELOACH THOMAS C JR sold $99,219 worth of stock. The insider Hult David W sold $716,718.

The stock decreased 1.96% or $1.15 during the last trading session, reaching $57.4. 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.

Asbury Automotive Group, Inc. is an automotive retailer in the United States. The company has market cap of $1.17 billion. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. It has a 7.46 P/E ratio. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

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By1 Dolores Ford




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