StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.
Separately, TheStreet cut shares of AMCON Distributing from a “b-” rating to a “c” rating in a research note on Thursday, January 18th.
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AMCON Distributing Price Performance
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $601.88 million for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%.
Institutional Trading of AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC raised its position in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 20.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,240 shares of the company’s stock after buying an additional 1,240 shares during the period. AMCON Distributing comprises 1.5% of CM Management LLC’s portfolio, making the stock its 22nd biggest position. CM Management LLC owned about 1.19% of AMCON Distributing worth $1,491,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.14% of the company’s stock.
About AMCON Distributing
AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.
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