Kendall Capital Management boosted its stake in AmerisourceBergen Corp. (NYSE:ABC) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,085 shares of the company’s stock after buying an additional 222 shares during the quarter. Kendall Capital Management’s holdings in AmerisourceBergen were worth $347,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC raised its holdings in shares of AmerisourceBergen by 6.7% during the 3rd quarter. LS Investment Advisors LLC now owns 12,856 shares of the company’s stock valued at $1,058,000 after purchasing an additional 811 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of AmerisourceBergen by 24.0% during the 3rd quarter. Voya Investment Management LLC now owns 290,573 shares of the company’s stock valued at $23,923,000 after purchasing an additional 56,272 shares in the last quarter. Endurant Capital Management LP raised its holdings in shares of AmerisourceBergen by 43.5% during the 3rd quarter. Endurant Capital Management LP now owns 105,501 shares of the company’s stock valued at $8,686,000 after purchasing an additional 31,998 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of AmerisourceBergen by 1.8% during the 2nd quarter. Mackenzie Financial Corp now owns 68,493 shares of the company’s stock valued at $5,840,000 after purchasing an additional 1,190 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of AmerisourceBergen by 1.1% during the 2nd quarter. BlackRock Inc. now owns 12,325,863 shares of the company’s stock valued at $1,050,903,000 after purchasing an additional 136,458 shares in the last quarter. Institutional investors and hedge funds own 66.72% of the company’s stock.
ABC traded down $2.24 during trading on Friday, hitting $88.92. The stock had a trading volume of 2,306,845 shares, compared to its average volume of 975,682. The firm has a market cap of $18.31 billion, a PE ratio of 22.06, a P/E/G ratio of 1.63 and a beta of 0.96. AmerisourceBergen Corp. has a 12 month low of $70.55 and a 12 month high of $94.75. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 1.45. The company has a 50 day simple moving average of $86.69 and a 200-day simple moving average of $86.15.
AmerisourceBergen (NYSE:ABC) last announced its earnings results on Thursday, November 7th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.58 by $0.03. The firm had revenue of $45.64 billion for the quarter, compared to the consensus estimate of $45.15 billion. AmerisourceBergen had a net margin of 0.48% and a return on equity of 48.84%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. As a group, sell-side analysts anticipate that AmerisourceBergen Corp. will post 7.53 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on ABC. ValuEngine downgraded shares of AmerisourceBergen from a “hold” rating to a “sell” rating in a report on Friday, November 1st. TheStreet upgraded shares of AmerisourceBergen from a “c+” rating to a “b-” rating in a report on Friday, December 6th. Barclays reiterated a “hold” rating and issued a $100.00 target price on shares of AmerisourceBergen in a report on Sunday, January 19th. Finally, Argus reiterated a “buy” rating and issued a $110.00 target price on shares of AmerisourceBergen in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $91.50.
In other AmerisourceBergen news, CEO Steven H. Collis sold 19,905 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $86.08, for a total value of $1,713,422.40. Following the sale, the chief executive officer now directly owns 154,484 shares in the company, valued at approximately $13,297,982.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John G. Chou sold 13,997 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $86.07, for a total transaction of $1,204,721.79. Insiders sold a total of 64,724 shares of company stock worth $5,561,840 over the last 90 days. Company insiders own 27.80% of the company’s stock.
AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
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