14,238 Shares in CommerceHub Inc (CHUBA) Acquired by Sandia Holdings LLC
Sandia Holdings LLC purchased a new position in CommerceHub Inc (NASDAQ:CHUBA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,238 shares of the technology company’s stock, valued at approximately $248,000. CommerceHub accounts for approximately 0.1% of Sandia Holdings LLC’s investment portfolio, making the stock its 24th largest holding.
Several other institutional investors and hedge funds have also made changes to their positions in CHUBA. Vaughan Nelson Investment Management L.P. purchased a new stake in CommerceHub during the second quarter valued at approximately $18,142,000. Pembroke Management LTD purchased a new stake in CommerceHub during the second quarter valued at approximately $15,480,000. Franklin Resources Inc. purchased a new stake in CommerceHub during the second quarter valued at approximately $5,803,000. Locust Wood Capital Advisers LLC purchased a new stake in CommerceHub during the second quarter valued at approximately $3,752,000. Finally, Gamco Investors INC. ET AL purchased a new stake in CommerceHub during the second quarter valued at approximately $2,126,000. 81.57% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on CHUBA. Zacks Investment Research cut shares of CommerceHub from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. First Analysis began coverage on shares of CommerceHub in a research report on Friday, August 25th. They set an “overweight” rating and a $25.00 target price for the company.
CommerceHub Inc (NASDAQ:CHUBA) traded down 0.63% during midday trading on Friday, reaching $22.24. 95,567 shares of the company were exchanged. The firm has a 50-day moving average price of $20.19 and a 200-day moving average price of $17.45. CommerceHub Inc has a 52 week low of $13.24 and a 52 week high of $22.63. The company has a market capitalization of $961.86 million and a PE ratio of 90.04.
CommerceHub (NASDAQ:CHUBA) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.03. The company had revenue of $25.21 million for the quarter, compared to analysts’ expectations of $25.76 million. CommerceHub had a return on equity of 22.92% and a net margin of 8.91%. Equities research analysts anticipate that CommerceHub Inc will post $0.48 earnings per share for the current fiscal year.
CommerceHub Company Profile
CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
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