Seizert Capital Partners LLC Sells 3,244 Shares of Echo Global Logistics, Inc. (NASDAQ:ECHO)

Seizert Capital Partners LLC lessened its position in shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) by 4.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 73,972 shares of the transportation company’s stock after selling 3,244 shares during the period. Seizert Capital Partners LLC’s holdings in Echo Global Logistics were worth $1,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Echo Global Logistics by 46.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,626 shares of the transportation company’s stock worth $65,000 after acquiring an additional 828 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Echo Global Logistics during the 2nd quarter worth approximately $119,000. BNP Paribas Arbitrage SA raised its stake in shares of Echo Global Logistics by 1,316.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,823 shares of the transportation company’s stock worth $144,000 after acquiring an additional 5,412 shares in the last quarter. Bailard Inc. bought a new position in shares of Echo Global Logistics during the 1st quarter worth approximately $201,000. Finally, Greytown Advisors Inc. bought a new position in shares of Echo Global Logistics during the 1st quarter worth approximately $202,000. Hedge funds and other institutional investors own 96.17% of the company’s stock.

ECHO has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Echo Global Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. UBS Group set a $23.00 price target on shares of Echo Global Logistics and gave the company a “hold” rating in a research note on Friday, July 26th. Barrington Research cut their price target on shares of Echo Global Logistics from $29.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Echo Global Logistics from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. Finally, BidaskClub upgraded shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, June 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.44.

Echo Global Logistics stock traded down $0.61 during mid-day trading on Friday, reaching $19.09. 112,208 shares of the company traded hands, compared to its average volume of 249,378. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. Echo Global Logistics, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $36.75. The company has a market capitalization of $536.64 million, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.89 and a beta of 2.00. The firm’s fifty day moving average is $20.02 and its two-hundred day moving average is $22.16.

Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $553.78 million during the quarter, compared to analysts’ expectations of $572.60 million. Echo Global Logistics had a net margin of 1.07% and a return on equity of 11.03%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. As a group, equities research analysts predict that Echo Global Logistics, Inc. will post 1.26 earnings per share for the current year.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.

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Institutional Ownership by Quarter for Echo Global Logistics (NASDAQ:ECHO)

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