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

June 27, 2018 - By Gregory Tomko

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 increased 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. Stratos Wealth Partners reported 9,284 shs stake. First Business Financial Serv Inc holds 12,335 shs. 5,008 are owned by Comerica Secs. Axa has invested 0.01% of its capital in Cardinal Health, Inc. (NYSE:CAH). Dekabank Deutsche Girozentrale has 186,713 shs. Cwm Limited Co reported 377,823 shs stake. Ghp Advisors owns 13,658 shs for 0.12% of their capital. Artisan Prtnrs LP invested in 783,136 shs or 0.1% of the stock. Strs Ohio invested in 165,940 shs. Waddell Reed Fincl Inc holds 0.02% or 138,904 shs. Public Employees Retirement Of Ohio has 132,426 shs. Intrust National Bank Na invested 0.08% in Cardinal Health, Inc. (NYSE:CAH). Riverbridge Limited Liability Corp holds 30,315 shs or 0.03% of its capital. New Jersey-based Jacobs Levy Equity Mngmt has invested 0.39% in Cardinal Health, Inc. (NYSE:CAH). California State Teachers Retirement System reported 560,896 shs.

CAH registered $3.82 million net activity with 0 insider purchases and 3 sales since January 22, 2018. Giacomin Jon L had sold 7,995 shs worth $549,924. $1.37 million worth of Cardinal Health, Inc. (NYSE:CAH) was sold by Kaufmann Michael C on Monday, January 22.

The holdings In Cardinal Health Inc (CAH) was reduced owned by Quantum Capital Management. According to 2018Q1 Securities and Exchange form the decrease is 89.24%. 127,952 shares were sold by Quantum Capital Management as the company’s stock declined 25.69% with the market. The institutional investor is holding 15,431 shares, compared to the 143,383 from the previous quarter. And the reported value of the health care company is $967,000 for the 2018Q1. 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.

Cardinal Health, Inc. (NYSE:CAH)’s earnings report is expected on August, 1., according to Zacks. Analysts predict $0.93 EPS. That’s $0.38 down or 29.01 % from 2017’s earnings of $1.31. If the current EPS of $0.93 is accurate, CAH’s profit could reach $288.93M. -33.09 % negative EPS growth is what analysts predict. $1.39 EPS was revealed for previous quarter.

Another two news for Cardinal Health, Inc. (NYSE:CAH) were recently brought out 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 brought out 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 PT, Cardinal Health has $74.38 average PT 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. In Thursday, February 8 report RBC Capital Markets maintained the stock with “Hold” rating. On Friday, February 9 Jefferies maintained Cardinal Health, Inc. (NYSE:CAH) rating. Jefferies has “Hold” rating and $72.0 target. The stock rating was maintained by Robert W. Baird with “Hold” on Wednesday, January 17. On Wednesday, January 24 Mizuho maintained Cardinal Health, Inc. (NYSE:CAH) rating. Mizuho has “Hold” rating and $73.0 target. On Tuesday, April 24 the company was upgraded by Leerink Swann. On Tuesday, April 24 the firm has “Hold” rating given by RBC Capital Markets. On Monday, April 16 Barclays Capital maintained the shares of CAH in report with “Equal-Weight” rating. On Monday, April 2 the rating was upgraded by Argus Research to “Buy”.

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

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