Cardinal Health Inc (NYSE:CAH) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC increased its holdings in Cardinal Health Inc (NYSE:CAH) by 33.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,465 shares of the company’s stock after acquiring an additional 7,307 shares during the quarter. Seizert Capital Partners LLC’s holdings in Cardinal Health were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Andra AP fonden acquired a new position in shares of Cardinal Health in the 1st quarter valued at $5,662,000. ARP Americas LP increased its holdings in shares of Cardinal Health by 197.2% in the 2nd quarter. ARP Americas LP now owns 62,399 shares of the company’s stock valued at $2,939,000 after acquiring an additional 41,400 shares during the period. Bremer Bank National Association acquired a new position in shares of Cardinal Health in the 1st quarter valued at $27,000. Jacobs Levy Equity Management Inc. increased its stake in Cardinal Health by 5.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 555,163 shares of the company’s stock valued at $26,731,000 after buying an additional 26,570 shares during the period. Finally, Advisory Services Network LLC increased its stake in Cardinal Health by 32.1% in the 1st quarter. Advisory Services Network LLC now owns 1,978 shares of the company’s stock valued at $95,000 after buying an additional 481 shares during the period. 88.38% of the stock is currently owned by institutional investors and hedge funds.

CAH traded down $0.97 during trading on Friday, hitting $42.79. The stock had a trading volume of 2,338,152 shares, compared to its average volume of 3,119,801. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 1.07. The firm has a market capitalization of $13.05 billion, a P/E ratio of 8.10, a PEG ratio of 1.45 and a beta of 1.28. The company’s 50-day moving average price is $45.27 and its 200 day moving average price is $47.42. Cardinal Health Inc has a twelve month low of $41.03 and a twelve month high of $58.31.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.18. The company had revenue of $37.35 billion for the quarter, compared to analysts’ expectations of $36.70 billion. Cardinal Health had a net margin of 0.94% and a return on equity of 25.96%. Cardinal Health’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. As a group, equities analysts expect that Cardinal Health Inc will post 5.02 earnings per share for the current fiscal year.

Several brokerages have issued reports on CAH. ValuEngine raised shares of Cardinal Health from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 9th. Guggenheim raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $52.00 in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $55.00.

About Cardinal Health

Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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