Trimtabs Asset Management Lowers stake in Eaton Vance Corp (EV)

Eaton Vance Corp (EV) : Trimtabs Asset Management reduced its stake in Eaton Vance Corp by 10.41% during the most recent quarter end. The investment management company now holds a total of 43,064 shares of Eaton Vance Corp which is valued at $1,611,455 after selling 5,002 shares in Eaton Vance Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Eaton Vance Corp makes up approximately 1.00% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , Thompson Investment Management reduced its stake in EV by selling 70 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 13,039 shares of EV which is valued at $487,919. Eaton Vance Corp makes up approx 0.10% of Thompson Investment Management’s portfolio.Carroll Financial Associates reduced its stake in EV by selling 1,370 shares or 42.68% in the most recent quarter. The Hedge Fund company now holds 1,840 shares of EV which is valued at $68,798. Eaton Vance Corp makes up approx 0.01% of Carroll Financial Associates’s portfolio.Curian Capital reduced its stake in EV by selling 16,117 shares or 68.73% in the most recent quarter. The Hedge Fund company now holds 7,334 shares of EV which is valued at $259,037. Eaton Vance Corp makes up approx 0.02% of Curian Capital’s portfolio.

Eaton Vance Corp opened for trading at $37.35 and hit $37.69 on the upside on Thursday, eventually ending the session at $37.62, with a gain of 0.53% or 0.2 points. The heightened volatility saw the trading volume jump to 4,94,231 shares. Company has a market cap of $4,284 M.

On the company’s financial health, Eaton Vance Corp reported $0.48 EPS for the quarter, based on the information available during the earnings call on May 25, 2016. Analyst had a consensus estimate of $0.48. The company had revenue of $323.30 million for the quarter, compared to analysts expectations of $322.37 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Company’s principal investment affiliates Eaton Vance Management Parametric Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.

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