Market News

Riverpoint Capital Management Decreased Its Amerisourcebergen (ABC) Stake; DIGITAL DOMAIN HLDGS LTD ORDINARY SHARES (DGMDF) Shorts Up By 78.95%

AmerisourceBergen Corporation (NYSE:ABC) Logo

Riverpoint Capital Management Llc decreased Amerisourcebergen Corp (ABC) stake by 71.16% reported in 2017Q4 SEC filing. Riverpoint Capital Management Llc sold 39,348 shares as Amerisourcebergen Corp (ABC)’s stock declined 9.14%. The Riverpoint Capital Management Llc holds 15,948 shares with $1.46M value, down from 55,296 last quarter. Amerisourcebergen Corp now has $18.46 billion valuation. The stock decreased 0.65% or $0.55 during the last trading session, reaching $83.96. About 909,500 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since May 23, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

DIGITAL DOMAIN HLDGS LTD ORDINARY SHARES (OTCMKTS:DGMDF) had an increase of 78.95% in short interest. DGMDF’s SI was 89.22M shares in May as released by FINRA. Its up 78.95% from 49.86 million shares previously. With 1.41M avg volume, 63 days are for DIGITAL DOMAIN HLDGS LTD ORDINARY SHARES (OTCMKTS:DGMDF)’s short sellers to cover DGMDF’s short positions. The SI to DIGITAL DOMAIN HLDGS LTD ORDINARY SHARES’s float is 0.54%. It closed at $0.016 lastly. It is down 0.00% since May 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Digital Domain Holdings Limited, an investment holding company, engages in the media entertainment and property investment businesses in Hong Kong, Mainland China, the United States, Canada, the United Kingdom, and internationally. The company has market cap of $521.99 million. The firm provides visual effects services for various motion picture studios, advertisers, and games; and virtual reality technology services using 360° digital capture technology and computer graphics, as well as post production services for commercials, TV series, and feature films. It currently has negative earnings. It also engages in the virtual human business; and co-production of movies.

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on August, 2. They expect $1.50 earnings per share, up 4.90% or $0.07 from last year’s $1.43 per share. ABC’s profit will be $329.71 million for 13.99 P/E if the $1.50 EPS becomes a reality. After $1.94 actual earnings per share reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts -22.68% negative EPS growth.

Riverpoint Capital Management Llc increased Schwab Strategic Tr (SCHA) stake by 8,186 shares to 244,900 valued at $17.08M in 2017Q4. It also upped Disney Walt Co (NYSE:DIS) stake by 5,776 shares and now owns 246,223 shares. Fastenal Co (NASDAQ:FAST) was raised too.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. Mizuho maintained AmerisourceBergen Corporation (NYSE:ABC) on Tuesday, October 24 with “Hold” rating. RBC Capital Markets maintained AmerisourceBergen Corporation (NYSE:ABC) on Friday, February 5 with “Outperform” rating. The company was maintained on Wednesday, June 21 by Jefferies. The rating was maintained by Mizuho on Tuesday, February 6 with “Hold”. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Outperform” rating given on Friday, May 6 by RBC Capital Markets. On Monday, April 2 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Buy” rating by Robert W. Baird given on Friday, December 1. As per Tuesday, October 24, the company rating was maintained by Needham. As per Thursday, January 12, the company rating was upgraded by Bank of America. The firm has “Neutral” rating given on Tuesday, June 7 by Bank of America.

More notable recent AmerisourceBergen Corporation (NYSE:ABC) news were published by: Seekingalpha.com which released: “More states sue over opioid epidemic” on May 16, 2018, also Bizjournals.com with their article: “Seven Pittsburgh-area companies on 2018’s Fortune 500 list” published on May 22, 2018, Streetinsider.com published: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. More interesting news about AmerisourceBergen Corporation (NYSE:ABC) were released by: Seekingalpha.com and their article: “Expanding Medicare drug price negotiation?” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Key events next week – healthcare” with publication date: April 27, 2018.

AmerisourceBergen Corporation (NYSE:ABC) Ratings Chart

Leave a Reply

Your email address will not be published. Required fields are marked *