Simplex Trading buys $366,702 stake in AmerisourceBergen Corp. (ABC)

AmerisourceBergen Corp. (ABC) : Simplex Trading scooped up 634 additional shares in AmerisourceBergen Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 4,619 shares of AmerisourceBergen Corp. which is valued at $366,702.AmerisourceBergen Corp. makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in ABC in the latest quarter, The investment management firm added 430 additional shares and now holds a total of 4,750 shares of AmerisourceBergen Corp. which is valued at $377,103. AmerisourceBergen Corp. makes up approx 0.07% of Advisory Services Network’s portfolio.Burns J W Co Incny reduced its stake in ABC by selling 500 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 18,245 shares of ABC which is valued at $1,460,147. AmerisourceBergen Corp. makes up approx 0.45% of Burns J W Co Incny’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in ABC by selling 7,700 shares or 22.71% in the most recent quarter. The Hedge Fund company now holds 26,200 shares of ABC which is valued at $2,096,786. AmerisourceBergen Corp. makes up approx 1.18% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.West Oak Capital boosted its stake in ABC in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 20,195 shares of AmerisourceBergen Corp. which is valued at $1,616,206. AmerisourceBergen Corp. makes up approx 1.12% of West Oak Capital’s portfolio.

AmerisourceBergen Corp. closed down -0.75 points or -0.94% at $79.39 with 18,37,066 shares getting traded on Friday. Post opening the session at $80.43, the shares hit an intraday low of $78.7 and an intraday high of $80.55 and the price fluctuated in this range throughout the day.Shares ended Friday 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.. AmerisourceBergen Corp. was Upgraded by Avondale to ” Mkt Outperform” on Oct 4, 2016. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .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 .

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.

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