Rothschild & Co. Asset Management US Inc. Sells 2,117 Shares of Camden National Co. (CAC)

Rothschild & Co. Asset Management US Inc. lowered its position in Camden National Co. (NASDAQ:CAC) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,768 shares of the financial services provider’s stock after selling 2,117 shares during the period. Rothschild & Co. Asset Management US Inc. owned approximately 0.36% of Camden National worth $2,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Camden National in the second quarter valued at approximately $116,000. Atlantic Trust LLC acquired a new position in Camden National in the second quarter valued at approximately $156,000. People s United Financial Inc. acquired a new position in Camden National in the second quarter valued at approximately $210,000. Millennium Management LLC acquired a new position in Camden National in the first quarter valued at approximately $205,000. Finally, Zebra Capital Management LLC acquired a new position in Camden National in the second quarter valued at approximately $215,000. Hedge funds and other institutional investors own 64.22% of the company’s stock.

Shares of NASDAQ:CAC opened at $41.35 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $643.81 million, a price-to-earnings ratio of 12.87 and a beta of 0.67. Camden National Co. has a 12-month low of $38.98 and a 12-month high of $47.86.

A number of research analysts have issued reports on CAC shares. Zacks Investment Research raised Camden National from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, August 6th. BidaskClub downgraded Camden National from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies reissued a “buy” rating and issued a $51.50 price target on shares of Camden National in a report on Friday, August 3rd. Finally, ValuEngine downgraded Camden National from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.17.

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About Camden National

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits.

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Institutional Ownership by Quarter for Camden National (NASDAQ:CAC)

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