Cardinal Health Inc (CAH) : Rhenman Partners Asset Management Ab reduced its stake in Cardinal Health Inc by 10.87% during the most recent quarter end. The investment management company now holds a total of 82,000 shares of Cardinal Health Inc which is valued at $6,940,480 after selling 10,000 shares in Cardinal Health Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Cardinal Health Inc makes up approximately 1.11% of Rhenman Partners Asset Management Ab’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CAH by selling 12,113 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 692,767 shares of CAH which is valued at $58,635,799. Cardinal Health Inc makes up approx 0.12% of California State Teachers Retirement System’s portfolio.Ftb Advisors reduced its stake in CAH by selling 449 shares or 9.64% in the most recent quarter. The Hedge Fund company now holds 4,207 shares of CAH which is valued at $351,705. Cardinal Health Inc makes up approx 0.05% of Ftb Advisors’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in CAH by selling 1,875 shares or 27.95% in the most recent quarter. The Hedge Fund company now holds 4,833 shares of CAH which is valued at $402,782. Cardinal Health Inc makes up approx 0.22% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Meeder Asset Management Inc reduced its stake in CAH by selling 9,410 shares or 59.26% in the most recent quarter. The Hedge Fund company now holds 6,470 shares of CAH which is valued at $536,945. Cardinal Health Inc makes up approx 0.05% of Meeder Asset Management Inc’s portfolio.Nordea Investment Management Ab boosted its stake in CAH in the latest quarter, The investment management firm added 190,197 additional shares and now holds a total of 1,603,853 shares of Cardinal Health Inc which is valued at $133,584,916. Cardinal Health Inc makes up approx 0.38% of Nordea Investment Management Ab’s portfolio.
Cardinal Health Inc closed down -1.06 points or -1.25% at $83.58 with 17,93,462 shares getting traded on Thursday. Post opening the session at $84.52, the shares hit an intraday low of $83.51 and an intraday high of $84.8 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Cardinal Health Inc reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.13. The company had revenue of $31384.00 million for the quarter, compared to analysts expectations of $31167.11 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on Cardinal Health Inc. Cardinal Health Inc was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016.
Cardinal Health Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States the Company’s Pharmaceutical segment distributes branded and generic pharmaceutical over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers hospitals and other healthcare providers. In China the Pharmaceutical segment distributes branded generic and specialty pharmaceutical over-the-counter healthcare and consumer products provides logistics marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical surgical and laboratory products and provides services to hospitals ambulatory surgery centers clinical laboratories and other healthcare providers.