AmerisourceBergen Corp. (ABC) : Gyroscope Capital Management Group added new position in AmerisourceBergen Corp. during the most recent quarter end. The investment management firm now holds 45,142 shares of AmerisourceBergen Corp. which is valued at $4,015,381 , the company said in a statement filed on Aug 8, 2016 with the SEC.AmerisourceBergen Corp. makes up approximately 3.14% of Gyroscope Capital Management Group’s portfolio.
Other Hedge Funds, Including , Twin Capital Management Inc reduced its stake in ABC by selling 52,437 shares or 72.32% in the most recent quarter. The Hedge Fund company now holds 20,073 shares of ABC which is valued at $1,785,493. AmerisourceBergen Corp. makes up approx 0.13% of Twin Capital Management Inc’s portfolio. Cutter Co Brokerage sold out all of its stake in ABC during the most recent quarter. The investment firm sold 9,278 shares of ABC which is valued $833,999.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in ABC in the latest quarter, The investment management firm added 143 additional shares and now holds a total of 15,175 shares of AmerisourceBergen Corp. which is valued at $1,292,758. AmerisourceBergen Corp. makes up approx 0.04% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. First National Trust Co sold out all of its stake in ABC during the most recent quarter. The investment firm sold 2,562 shares of ABC which is valued $218,846.Acadian Asset Management boosted its stake in ABC in the latest quarter, The investment management firm added 238,198 additional shares and now holds a total of 1,341,181 shares of AmerisourceBergen Corp. which is valued at $116,199,922. AmerisourceBergen Corp. makes up approx 0.57% of Acadian Asset Management’s portfolio.
AmerisourceBergen Corp. opened for trading at $88.95 and hit $89.41 on the upside on Monday, eventually ending the session at $89.39, with a gain of 0.54% or 0.48 points. The heightened volatility saw the trading volume jump to 17,96,956 shares. Company has a market cap of $19,195 M.
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 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 .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 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.