AmerisourceBergen Corp. (ABC) : Healthinvest Partners Ab added new position in AmerisourceBergen Corp. during the most recent quarter end. The investment management firm now holds 160,000 shares of AmerisourceBergen Corp. which is valued at $13,667,200 , the company said in a statement filed on Jul 26, 2016 with the SEC.AmerisourceBergen Corp. makes up approximately 5.99% of Healthinvest Partners Ab’s portfolio.
Other Hedge Funds, Including , American Century Companies Inc sold out all of its stake in ABC during the most recent quarter. The investment firm sold 1,815,924 shares of ABC which is valued $155,116,228.Torch Wealth Management reduced its stake in ABC by selling 725 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 18,525 shares of ABC which is valued at $1,590,557. AmerisourceBergen Corp. makes up approx 1.13% of Torch Wealth Management’s portfolio.Carroll Financial Associates boosted its stake in ABC in the latest quarter, The investment management firm added 232 additional shares and now holds a total of 548 shares of AmerisourceBergen Corp. which is valued at $47,479. AmerisourceBergen Corp. makes up approx 0.01% of Carroll Financial Associates’s portfolio.Americafirst Capital Management boosted its stake in ABC in the latest quarter, The investment management firm added 1,870 additional shares and now holds a total of 18,998 shares of AmerisourceBergen Corp. which is valued at $1,645,987. AmerisourceBergen Corp. makes up approx 1.14% of Americafirst Capital Management’s portfolio.West Oak Capital boosted its stake in ABC in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 20,080 shares of AmerisourceBergen Corp. which is valued at $1,644,954. AmerisourceBergen Corp. makes up approx 1.17% of West Oak Capital’s portfolio.
AmerisourceBergen Corp. opened for trading at $84.34 and hit $85.375 on the upside on Friday, eventually ending the session at $85.19, with a gain of 0.44% or 0.37 points. The heightened volatility saw the trading volume jump to 19,35,906 shares. Company has a market cap of $18,389 M.
On the company’s financial health, AmerisourceBergen Corp. reported $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.58. The company had revenue of $35698.36 million for the quarter, compared to analysts expectations of $35804.35 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS.
Many Wall Street Analysts have commented on AmerisourceBergen Corp.. AmerisourceBergen Corp. was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016. Shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $100 .Shares were Reiterated by FBR Capital on May 6, 2016 to “Mkt Perform” and Lowered the Price Target to $ 84 from a previous price target of $100 .
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.