Quantum Capital Management Decreased Its Cardinal Health INC (CAH) Stake by $7.93 Million; Shares Declined

June 27, 2018 - By Alice Fox

Cardinal Health, Inc. (NYSE:CAH) Corporate LogoBig Money Sentiment increased to 1 in Q1 2018. It has change of 0.25, from 2017Q4’s 0.75. The ratio improved due to CAH positioning: 34 sold and 218 reduced. 68 funds amassed holdings and 184 increased holdings. Investors holded 276.20 million in 2017Q4 but now own 279.84 million shares or 1.32% more. Louisiana State Employees Retirement Sys reported 19,200 shs. Us Bancorporation De accumulated 0.04% or 213,959 shs. Waddell & Reed holds 0.02% of its capital in Cardinal Health, Inc. (NYSE:CAH) for 138,904 shs. Convergence Invest Prns Limited Liability Co invested 0.2% in Cardinal Health, Inc. (NYSE:CAH). 5,377 are held by United Cap Fincl Advisers Limited Co. 166,343 were reported by Vantage Inv Prtnrs Limited Com. Gideon Cap Advsr invested in 0.18% or 4,565 shs. Credit Suisse Ag has 405,396 shs for 0.02% of their capital. Synovus Fincl holds 0% or 1,443 shs in its capital. Telos Cap Mgmt invested in 0.15% or 6,674 shs. 185 were accumulated by Hartford Fincl Mgmt. Raymond James Trust Na holds 16,257 shs. Spark Invest Ltd Llc accumulated 0.27% or 66,800 shs. Guardian Life Of America holds 0.01% of its capital in Cardinal Health, Inc. (NYSE:CAH) for 724 shs. Moreover, Brookstone Capital has 0.46% invested in Cardinal Health, Inc. (NYSE:CAH) for 80,079 shs.

CAH registered $3.82 million net activity with 0 buys and 3 sales since January 22, 2018. On Wednesday, February 14 $1.89M worth of stock was sold by MORRISON PATRICIA. Giacomin Jon L sold 7,995 shs worth $549,924.

According to 2018Q1 Securities and Exchange form the Quantum Capital Management decreased its stake in Cardinal Health Inc (CAH) by 89.24%. The company’s stock declined 25.69% with the market as Quantum Capital Management sold 127,952 shares. At the end of 2018Q1, the 15,431 shares of the health care company held by the institutional investor were priced at $967,000, down from 143,383 at the end of the previous reported quarter. Quantum Capital Management has risen its stake in Eqt Corp (NYSE:EQT) and also increased its holding in Vanguard Scottsdale Fds (VGSH) by 73,697 shares in the quarter, for a total of 161,070 shares.

Earnings report for Cardinal Health, Inc. (NYSE:CAH) is expected on August, 1., RTT reports. This year’s EPS analyst estimate is expected to be $0.93. That is 29.01 % down compareed to $1.31 EPS for last year. The profit will be $288.93M for CAH if $0.93 EPS becomes true. Analysts at Wall Street see Cardinal Health, Inc.’s -33.09 % negative EPS growth compared to $1.39 EPS for last quarter.

Another two news for Cardinal Health, Inc. (NYSE:CAH) were recently released by: Seekingalpha.com on June 12, 2018 with title “Cardinal Health: At Least 25% Upside”. The other Seekingalpha.com‘s article was titled “Recent Stock Purchase II June 2018” and released on June 27, 2018.

Cardinal Health, Inc. (NYSE:CAH) Ratings Coverage

In total 9 analysts cover Cardinal Health (NYSE:CAH). “Buy” rating has 2, “Sell” are 1, while 6 are “Hold”. (NYSE:CAH) has 22% bullish analysts. With $8500 highest and $67 lowest target price, Cardinal Health has $74.38 average target price or 39.58% above the current ($53.29) price. 11 are the (NYSE:CAH)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, April 24 the firm has “Outperform” rating by Leerink Swann given. On Tuesday, April 24 the company was maintained by RBC Capital Markets. In Wednesday, January 24 report Mizuho maintained it with “Hold” rating and $73.0 target. On Monday, April 2 the stock of Cardinal Health, Inc. (NYSE:CAH) has “Buy” rating given by Argus Research. On Monday, April 16 Barclays Capital maintained Cardinal Health, Inc. (NYSE:CAH) rating. Barclays Capital has “Equal-Weight” rating and $68 target. On Friday, February 9 the rating was maintained by Jefferies with “Hold”. On Wednesday, January 17 the stock has “Hold” rating by Robert W. Baird. On Thursday, February 8 the rating was maintained by RBC Capital Markets with “Hold”.

Cardinal Health, Inc. (NYSE:CAH) Institutional Investors Chart

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