GSA Capital Partners LLP Has $1.38 Million Stock Holdings in Athene Holding Ltd (NYSE:ATH)

GSA Capital Partners LLP increased its position in shares of Athene Holding Ltd (NYSE:ATH) by 238.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,026 shares of the insurance provider’s stock after buying an additional 22,570 shares during the quarter. GSA Capital Partners LLP’s holdings in Athene were worth $1,379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc boosted its holdings in Athene by 14.3% during the first quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 300 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in Athene by 0.4% during the first quarter. Twin Capital Management Inc. now owns 73,590 shares of the insurance provider’s stock valued at $3,002,000 after purchasing an additional 320 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Athene by 7.5% during the second quarter. Parallel Advisors LLC now owns 5,231 shares of the insurance provider’s stock valued at $225,000 after purchasing an additional 367 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Athene by 3.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 14,548 shares of the insurance provider’s stock valued at $594,000 after purchasing an additional 445 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Athene by 9.6% during the first quarter. Comerica Bank now owns 5,608 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 491 shares in the last quarter. 73.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of ATH traded down $1.12 on Friday, hitting $38.19. The company’s stock had a trading volume of 1,228,901 shares, compared to its average volume of 1,402,028. The company has a market capitalization of $7.37 billion, a PE ratio of 6.56, a PEG ratio of 0.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.12 and a quick ratio of 0.12. Athene Holding Ltd has a fifty-two week low of $36.00 and a fifty-two week high of $53.92. The company has a 50 day moving average price of $41.00 and a 200 day moving average price of $42.66.

Athene (NYSE:ATH) last announced its earnings results on Monday, August 5th. The insurance provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.81 by $0.14. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. Athene had a return on equity of 12.84% and a net margin of 16.27%. Athene’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. On average, equities analysts forecast that Athene Holding Ltd will post 7.03 EPS for the current year.

In related news, Director Marc A. Beilinson acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $250,000.00. Following the transaction, the director now directly owns 187,817 shares of the company’s stock, valued at approximately $4,695,425. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Richard Belardi acquired 80,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $25.00 per share, with a total value of $2,000,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 130,000 shares of company stock worth $3,250,000 and sold 50,000 shares worth $1,999,650. 8.70% of the stock is owned by insiders.

A number of equities research analysts have weighed in on the company. Credit Suisse Group decreased their price objective on Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, May 21st. Morgan Stanley decreased their price objective on Athene from $56.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. BMO Capital Markets set a $68.00 price objective on Athene and gave the company a “buy” rating in a report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and set a $49.00 price objective on shares of Athene in a report on Monday, August 5th. Finally, Zacks Investment Research raised Athene from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.75.

About Athene

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.

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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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