AmerisourceBergen Corp. (ABC) : Old Dominion Capital Management Inc has sold out all of its stake in AmerisourceBergen Corp. during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 9,711 shares of AmerisourceBergen Corp. which is valued at $872,922.
Other Hedge Funds, Including , Tradewinds Capital Management sold out all of its stake in ABC during the most recent quarter. The investment firm sold 30 shares of ABC which is valued $2,556.Louisiana State Employees Retirement System reduced its stake in ABC by selling 1,100 shares or 8.4% in the most recent quarter. The Hedge Fund company now holds 12,000 shares of ABC which is valued at $1,025,040. AmerisourceBergen Corp. makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.Trust Co Of Vermont boosted its stake in ABC in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 250 shares of AmerisourceBergen Corp. which is valued at $21,660. Boys Arnold Co Inc sold out all of its stake in ABC during the most recent quarter. The investment firm sold 4,875 shares of ABC which is valued $419,396.
AmerisourceBergen Corp. closed down -0.68 points or -0.76% at $88.67 with 15,96,276 shares getting traded on Monday. Post opening the session at $89.71, the shares hit an intraday low of $88.47 and an intraday high of $89.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, AmerisourceBergen Corp. reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.27. The company had revenue of $36900.00 million for the quarter, compared to analysts expectations of $36705.18 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.
Many Wall Street Analysts have commented on AmerisourceBergen Corp.. Company shares were Reiterated by FBR Capital on Aug 3, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $84 .Company shares were Reiterated by Barclays on Aug 3, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 89 from a previous price target of $83 .AmerisourceBergen Corp. was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016.
AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers and pharmaceutical and biotech manufacturers. The Company provides pharmacy services to certain specialty drug patients. Additionally the Company offers healthcare providers and pharmaceutical manufacturers with services including reimbursement and pharmaceutical consulting services logistics services inventory management pharmacy automation and pharmacy management. The Company has a distribution facility network totaling approximately 30 distribution facilities in the United States.