Perkins Capital Management Inc. Buys 1,400 Shares of AmerisourceBergen Corporation (Holding Co) (ABC)

Perkins Capital Management Inc. grew its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 13.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,800 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Perkins Capital Management Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $976,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ABC. Janus Henderson Group PLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 660.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,574,746 shares of the company’s stock valued at $243,392,000 after buying an additional 2,236,319 shares during the period. Wells Fargo & Company MN boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 42.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,344,441 shares of the company’s stock valued at $316,149,000 after buying an additional 1,003,327 shares during the period. Franklin Resources Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 23.1% in the 2nd quarter. Franklin Resources Inc. now owns 3,902,289 shares of the company’s stock valued at $368,884,000 after buying an additional 731,466 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 123.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,157,612 shares of the company’s stock valued at $109,429,000 after buying an additional 639,515 shares during the period. Finally, FMR LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 68.9% in the 2nd quarter. FMR LLC now owns 1,094,072 shares of the company’s stock valued at $103,422,000 after buying an additional 446,308 shares during the period. Institutional investors and hedge funds own 67.49% of the company’s stock.

In other AmerisourceBergen Corporation (Holding Co) news, insider Dale Danilewitz sold 2,012 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $171,020.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Peyton R. Howell sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $80.00, for a total value of $1,600,000.00. Following the transaction, the insider now directly owns 57,135 shares in the company, valued at approximately $4,570,800. The disclosure for this sale can be found here. Insiders sold 86,078 shares of company stock valued at $6,857,812 in the last three months. 27.40% of the stock is currently owned by company insiders.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. The firm had revenue of $39.12 billion during the quarter, compared to the consensus estimate of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 55.99% and a net margin of 0.27%. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share.

Several equities analysts have recently issued reports on ABC shares. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Credit Suisse Group reiterated a “buy” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Thursday, July 13th. BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. UBS AG decreased their target price on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, August 4th. Finally, TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) currently has a consensus rating of “Hold” and a consensus target price of $91.13.

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About AmerisourceBergen Corporation (Holding Co)

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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