Hood River Capital Management LLC lowered its stake in shares of On Assignment, Inc. (NASDAQ:ASGN) by 30.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 590,505 shares of the company’s stock after selling 262,702 shares during the period. On Assignment makes up about 2.9% of Hood River Capital Management LLC’s holdings, making the stock its 2nd largest position. Hood River Capital Management LLC’s holdings in On Assignment were worth $21,819,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ASGN. Copper Rock Capital Partners LLC purchased a new stake in shares of On Assignment during the second quarter valued at $22,004,000. Bank of Montreal Can purchased a new stake in shares of On Assignment during the second quarter valued at $10,372,000. Nordea Investment Management AB boosted its stake in shares of On Assignment by 251.4% in the second quarter. Nordea Investment Management AB now owns 16,900 shares of the company’s stock valued at $624,000 after buying an additional 12,091 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of On Assignment by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 422,583 shares of the company’s stock valued at $15,614,000 after buying an additional 11,191 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of On Assignment by 3.7% in the second quarter. American Century Companies Inc. now owns 245,742 shares of the company’s stock valued at $9,080,000 after buying an additional 8,704 shares during the last quarter.
On Assignment, Inc. (NASDAQ:ASGN) traded up 0.77% during midday trading on Wednesday, hitting $36.73. 199,793 shares of the stock traded hands. On Assignment, Inc. has a 52-week low of $29.34 and a 52-week high of $51.00. The firm’s 50-day moving average is $37.16 and its 200-day moving average is $36.90. The company has a market cap of $1.96 billion and a price-to-earnings ratio of 22.38.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. The business earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. During the same quarter in the prior year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts predict that On Assignment, Inc. will post $3.11 EPS for the current year.
ASGN has been the subject of several analyst reports. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, June 16th. BMO Capital Markets reissued a “buy” rating and set a $45.00 price target on shares of On Assignment in a research report on Wednesday, September 7th. Finally, Deutsche Bank AG initiated coverage on shares of On Assignment in a research report on Wednesday, August 17th. They set a “buy” rating and a $44.00 price target for the company.
In related news, COO Michael Mcgowan sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total value of $148,680.00. Following the sale, the chief operating officer now owns 213,106 shares in the company, valued at $7,921,150.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter T. Dameris sold 23,537 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total transaction of $868,044.56. Following the completion of the sale, the chief executive officer now owns 319,422 shares in the company, valued at approximately $11,780,283.36. The disclosure for this sale can be found here.
About On Assignment
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
Want to see what other hedge funds are holding ASGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Assignment, Inc. (NASDAQ:ASGN).
Receive News & Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.