Echo Global Logistics, Inc. (ECHO) Forms $29.55 Double Top; Glenview Capital Management Cut Its Anthem (ANTM) Stake

June 27, 2018 - By Annabelle Johnson

Anthem, Inc. (NYSE:ANTM) Logo

Echo Global Logistics, Inc. (ECHO) formed double top with $31.32 target or 6.00% above today’s $29.55 share price. Echo Global Logistics, Inc. (ECHO) has $838.35M valuation. The stock decreased 1.99% or $0.6 during the last trading session, reaching $29.55. About 361,343 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has risen 48.00% since June 27, 2017 and is uptrending. It has outperformed by 35.43% the S&P500. Some Historical ECHO News: 25/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O SEES FY 2018 REVENUE $2.25 BLN TO $2.4 BLN; 25/04/2018 – Echo Global Logistics 1Q Net $4.73M; 27/03/2018 – A. Duie Pyle Receives Regional LTL Carrier of the Year Award; 25/04/2018 – Echo Global Logistics 1Q EPS 17c; 26/04/2018 – Favorite short target $ECHO can always be depended on to disappoint with its free cash flow. Even in a tight freight env’t and “record sales” its margins contract and free cash barely grows; 06/03/2018 Echo Global Company Marketing Set By Stephens Inc. for Mar. 13; 17/05/2018 – Echo Named to the 2018 Food Logistics’ Champions: Rock Stars of the Supply Chain; 20/03/2018 – Investor Expectations to Drive Momentum within Key Energy Services, XOMA, Goldman Sachs BDC, Echo Global Logistics, Ellington R; 03/04/2018 – Echo Global Closes Above 50-Day Moving Average: Technicals; 13/03/2018 – Echo Global at Company Marketing Hosted By Stephens Inc. Today

Glenview Capital Management Llc decreased Anthem Inc (ANTM) stake by 25.39% reported in 2018Q1 SEC filing. Glenview Capital Management Llc sold 776,162 shares as Anthem Inc (ANTM)’s stock declined 2.45%. The Glenview Capital Management Llc holds 2.28 million shares with $501.21M value, down from 3.06 million last quarter. Anthem Inc now has $61.56 billion valuation. The stock decreased 0.88% or $2.13 during the last trading session, reaching $241.21. About 844,965 shares traded. Anthem, Inc. (NYSE:ANTM) has risen 28.04% since June 27, 2017 and is uptrending. It has outperformed by 15.47% the S&P500. Some Historical ANTM News: 25/03/2018 – Football Rumors: AFC Notes: Anthem, Jets, Raiders, Broncos; 09/03/2018 – ANTHEM INC ANTM.N : LEERINK RAISES TARGET PRICE TO $335 FROM $325; 22/05/2018 – WXIA 11: Exclusive: Falcons’ Arthur Blank addresses sports gambling, National Anthem controversies; 01/05/2018 – Fitch: Anthem’s ‘BBB’ Senior Debt Rating Was Also Affirmed; 23/05/2018 – Anthem at Goldman Sachs Global Health Care Conference Jun 13; 29/03/2018 – ANTHEM ACQUIRES A RESIDENTIAL SITE IN SOUTHWEST CALGARY; 05/03/2018 MERKEL SEES NO NEED TO CHANGE LYRICS OF NATIONAL ANTHEM: FAZ; 15/05/2018 – JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN W W GRAINGER INC; 22/05/2018 – Anthem Announces Plans to Remain Headquartered in Indianapolis; 01/05/2018 – ANTHEM PROPERTIES BUYS INDUSTRIAL PROPERTIES IN CALGARY

Glenview Capital Management Llc increased Shire Plc (NASDAQ:SHPG) stake by 263,074 shares to 6.00 million valued at $896.59 million in 2018Q1. It also upped Newell Brands Inc (NYSE:NWL) stake by 8.96 million shares and now owns 25.97M shares. Hertz Global Hldgs Inc was raised too.

Analysts await Anthem, Inc. (NYSE:ANTM) to report earnings on July, 25. They expect $4.16 earnings per share, up 23.44% or $0.79 from last year’s $3.37 per share. ANTM’s profit will be $1.06 billion for 14.50 P/E if the $4.16 EPS becomes a reality. After $5.41 actual earnings per share reported by Anthem, Inc. for the previous quarter, Wall Street now forecasts -23.11% negative EPS growth.

Another recent and important Anthem, Inc. (NYSE:ANTM) news was published by Businesswire.com which published an article titled: “Anthem, Inc. Completes Acquisition of Aspire Health” on June 18, 2018.

Among 25 analysts covering Anthem Inc (NYSE:ANTM), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Anthem Inc had 81 analyst reports since July 27, 2015 according to SRatingsIntel. Wells Fargo maintained Anthem, Inc. (NYSE:ANTM) on Thursday, February 1 with “Outperform” rating. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, April 25. As per Thursday, April 27, the company rating was maintained by RBC Capital Markets. J.P. Morgan upgraded Anthem, Inc. (NYSE:ANTM) rating on Thursday, April 26. J.P. Morgan has “Buy” rating and $28700 target. The stock of Anthem, Inc. (NYSE:ANTM) earned “Outperform” rating by RBC Capital Markets on Thursday, July 30. On Thursday, April 26 the stock rating was maintained by Credit Suisse with “Outperform”. RBC Capital Markets maintained it with “Buy” rating and $18300 target in Tuesday, May 30 report. The company was maintained on Wednesday, April 25 by Cantor Fitzgerald. The firm has “Buy” rating by Sterne Agee CRT given on Monday, July 27. The rating was maintained by Cowen & Co with “Buy” on Wednesday, September 20.

Investors sentiment increased to 1.29 in Q1 2018. Its up 0.03, from 1.26 in 2017Q4. It is positive, as 14 investors sold Echo Global Logistics, Inc. shares while 51 reduced holdings. 40 funds opened positions while 44 raised stakes. 26.25 million shares or 0.02% more from 26.25 million shares in 2017Q4 were reported. Principal Financial Gp Inc holds 201,920 shares or 0.01% of its portfolio. The Pennsylvania-based Pnc Fin Svcs Group Incorporated Inc has invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). 49,663 were accumulated by Legal General Grp Public Limited Co. Tiverton Asset Mgmt Lc holds 0.05% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 26,342 shares. Product Ltd Liability Company reported 160,800 shares. Summit Creek Llc owns 1.36% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 271,660 shares. Moreover, Oberweis Asset Mngmt has 0.11% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 14,800 shares. Guggenheim Capital Ltd Liability Com reported 0% stake. State Of Tennessee Treasury Department accumulated 19,827 shares. Bogle Invest Mgmt L P De accumulated 0.31% or 147,337 shares. Manufacturers Life Ins Com The reported 19,996 shares or 0% of all its holdings. 22,911 are held by Trexquant L P. Millennium Mgmt Ltd Liability Corporation holds 0.01% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 345,097 shares. Fmr Ltd Liability Company accumulated 141,100 shares or 0% of the stock. Wells Fargo Mn holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 192,358 shares.

Echo Global Logistics, Inc. (NASDAQ:ECHO) Institutional Positions Chart