Eqis Capital Management buys $1,126,970 stake in Cardinal Health Inc (CAH)

Cardinal Health Inc (CAH) : Eqis Capital Management scooped up 1,431 additional shares in Cardinal Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 14,852 shares of Cardinal Health Inc which is valued at $1,126,970.Cardinal Health Inc makes up approximately 0.07% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank reduced its stake in CAH by selling 235 shares or 13.49% in the most recent quarter. The Hedge Fund company now holds 1,507 shares of CAH which is valued at $114,351. Cardinal Health Inc makes up approx 0.03% of Washington Trust Bank’s portfolio.

Cardinal Health Inc closed down -0.1 points or -0.13% at $75.69 with 19,33,916 shares getting traded on Tuesday. Post opening the session at $76.05, the shares hit an intraday low of $75.27 and an intraday high of $76.34 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Cardinal Health Inc reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.13. The company had revenue of $31384.00 million for the quarter, compared to analysts expectations of $31167.11 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Cardinal Health Inc. Cardinal Health Inc was Downgraded by Goldman to ” Neutral” on Sep 16, 2016.

Cardinal Health Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States the Company’s Pharmaceutical segment distributes branded and generic pharmaceutical over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers hospitals and other healthcare providers. In China the Pharmaceutical segment distributes branded generic and specialty pharmaceutical over-the-counter healthcare and consumer products provides logistics marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical surgical and laboratory products and provides services to hospitals ambulatory surgery centers clinical laboratories and other healthcare providers.

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