Jackson Wealth Management Has Increased Cisco Sys (CSCO) Position by $423,774; Abrams Capital Management LP Position In Asbury Automotive Group (ABG) Was Raised

May 26, 2018 - By Peter Erickson

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

David Abrams increased its stake in Asbury Automotive Group Inc (ABG) by 8.51% based on its latest 2017Q4 regulatory filing with the SEC. Abrams Capital Management Lp bought 85,091 shares as the company’s stock rose 0.39% while stock markets declined. The hedge fund run by David Abrams held 1.09 million shares of the automotive aftermarket company at the end of 2017Q4, valued at $69.45 million, up from 1.00 million at the end of the previous reported quarter. Abrams Capital Management Lp who had been investing in Asbury Automotive Group Inc for a number of months, seems to be bullish on the $1.44B market cap company. The stock decreased 0.29% or $0.2 during the last trading session, reaching $69.95. About 111,532 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 5.55% since May 26, 2017 and is uptrending. It has underperformed by 6.00% the S&P500.




Jackson Wealth Management Llc increased its stake in Cisco Sys Inc (CSCO) by 7.66% based on its latest 2017Q4 regulatory filing with the SEC. Jackson Wealth Management Llc bought 10,866 shares as the company’s stock rose 10.71% while stock markets declined. The institutional investor held 152,776 shares of the technology company at the end of 2017Q4, valued at $6.06 million, up from 141,910 at the end of the previous reported quarter. Jackson Wealth Management Llc who had been investing in Cisco Sys Inc for a number of months, seems to be bullish on the $208.41 billion market cap company. The stock decreased 0.71% or $0.31 during the last trading session, reaching $43.26. About 13.73 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 26, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Jackson Wealth Management Llc, which manages about $318.34M and $394.18M US Long portfolio, decreased its stake in Vanguard World Fd (MGK) by 6,686 shares to 46,307 shares, valued at $5.36M in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (OEF) by 59,200 shares in the quarter, leaving it with 51,726 shares, and cut its stake in Ishares Tr (CSJ).

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 170 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Friday, November 18. The firm earned “Buy” rating on Tuesday, November 24 by Suntrust Robinson. The rating was maintained by Oppenheimer on Wednesday, June 28 with “Buy”. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, May 9. Cowen & Co maintained it with “Buy” rating and $5100 target in Monday, May 14 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Credit Suisse on Thursday, June 29. The rating was maintained by William Blair on Thursday, June 29 with “Buy”. As per Wednesday, October 14, the company rating was initiated by Barclays Capital. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Equal Weight” rating by Morgan Stanley on Monday, August 17. The firm earned “Buy” rating on Friday, July 21 by Wells Fargo.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.01, from 1.02 in 2017Q3. It is positive, as 51 investors sold CSCO shares while 660 reduced holdings. 145 funds opened positions while 589 raised stakes. 3.54 billion shares or 1.52% less from 3.60 billion shares in 2017Q3 were reported. Lenox Wealth invested in 8,144 shares. Cranbrook Wealth Mgmt Ltd Llc holds 100 shares. Boyd Watterson Asset Mgmt Limited Liability Oh reported 24,455 shares stake. Schnieders Cap Mngmt Limited Liability Corp holds 17,236 shares. Moreover, Bartlett And Ltd Liability has 0.07% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 43,969 shares. Assetmark reported 0.02% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Fuller And Thaler Asset Mgmt holds 22,700 shares or 0.01% of its portfolio. Pictet North America Advsrs holds 81,370 shares or 0.48% of its portfolio. Investment House Limited Company invested in 93,375 shares. Dt Invest Limited stated it has 80,771 shares or 0.49% of all its holdings. Bar Harbor Tru has invested 3.88% in Cisco Systems, Inc. (NASDAQ:CSCO). Cove Street owns 235,700 shares or 0.97% of their US portfolio. Mastrapasqua Asset Mngmt stated it has 161,668 shares or 1.25% of all its holdings. Optimum Investment Advsr holds 1.08% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 88,503 shares. Millennium Lc holds 2.09M shares.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: 247Wallst.com which released: “Cisco Still Holds Rank as Top Performing Dow Stock” on May 05, 2018, also Nasdaq.com with their article: “Why the Dow Jones May Struggle to Stay Above Water” published on May 25, 2018, Seekingalpha.com published: “Cisco Systems: No Surprises, Watch The Margins” on May 17, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Globenewswire.com and their article: “Cisco Announces May 2018 Event with the Financial Community” published on May 01, 2018 as well as 247Wallst.com‘s news article titled: “Cisco Systems Remains Top-Performing Dow Stock in 2018” with publication date: April 28, 2018.

Since December 14, 2017, it had 0 insider purchases, and 5 sales for $10.28 million activity. The insider BARTZ CAROL sold $7.59 million. $550,153 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by BURNS M MICHELE. On Thursday, December 14 the insider MCGEARY RODERICK C sold $578,740. SARIN ARUN sold $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, February 20.

Among 8 analysts covering Asbury Automotive (NYSE:ABG), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Asbury Automotive had 26 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating by Craig Hallum given on Tuesday, January 12. Buckingham Research upgraded the stock to “Neutral” rating in Monday, August 31 report. Craig Hallum maintained Asbury Automotive Group, Inc. (NYSE:ABG) on Wednesday, July 26 with “Hold” rating. The company was initiated on Monday, April 11 by Jefferies. The company was downgraded on Wednesday, July 22 by Bank of America. The company was maintained on Wednesday, April 25 by Buckingham Research. On Friday, September 8 the stock rating was maintained by Jefferies with “Hold”. KeyBanc Capital Markets downgraded Asbury Automotive Group, Inc. (NYSE:ABG) on Wednesday, November 16 to “Sector Weight” rating. Bank of America upgraded Asbury Automotive Group, Inc. (NYSE:ABG) on Thursday, October 22 to “Buy” rating. The rating was maintained by Jefferies with “Hold” on Friday, June 2.

Abrams Capital Management Lp, which manages about $7.62 billion and $2.97B US Long portfolio, decreased its stake in Barnes & Noble Ed Inc by 2.23M shares to 6.54M shares, valued at $53.89M in 2017Q4, according to the filing.

More news for Asbury Automotive Group, Inc. (NYSE:ABG) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in Castlight Health, inc, Marriot Vacations Worldwide, AnaptysBio, Compass …” on May 18, 2018. Prnewswire.com‘s article titled: “Haig Partners Advises Automotive Associates Of Atlanta On Sale To Asbury Automotive And Jim Ellis Automotive Group” and published on May 25, 2018 is yet another important article.

Investors sentiment increased to 1.35 in Q4 2017. Its up 0.44, from 0.91 in 2017Q3. It improved, as 14 investors sold ABG shares while 49 reduced holdings. 32 funds opened positions while 53 raised stakes. 21.54 million shares or 4.16% more from 20.68 million shares in 2017Q3 were reported. Eulav Asset Mngmt holds 0.06% or 21,200 shares. Schroder Investment Management Grp has invested 0.03% in Asbury Automotive Group, Inc. (NYSE:ABG). Macquarie Group Ltd has 408,947 shares for 0.05% of their portfolio. Moon Cap Mngmt Ltd Partnership stated it has 1.57% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Federated Invsts Pa reported 185,810 shares. Us Natl Bank De invested in 814 shares or 0% of the stock. California Public Employees Retirement Systems holds 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG) or 90,327 shares. Texas Permanent School Fund has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 12,535 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Asbury Automotive Group, Inc. (NYSE:ABG). State Street Corporation owns 617,641 shares for 0% of their portfolio. 5,192 were accumulated by Hbk L P. Proshare Advsrs reported 3,365 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa holds 0% or 33,460 shares. Glenmede Trust Na accumulated 0% or 763 shares. Legal And General Gru Pcl stated it has 0% in Asbury Automotive Group, Inc. (NYSE:ABG).

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

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