Summit Creek Advisors LLC Sells 191,115 Shares of Echo Global Logistics, Inc. (ECHO)

Summit Creek Advisors LLC decreased its position in Echo Global Logistics, Inc. (NASDAQ:ECHO) by 24.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 583,038 shares of the transportation company’s stock after selling 191,115 shares during the period. Echo Global Logistics comprises approximately 2.6% of Summit Creek Advisors LLC’s portfolio, making the stock its 12th largest position. Summit Creek Advisors LLC owned 2.01% of Echo Global Logistics worth $12,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Fund Advisors boosted its position in shares of Echo Global Logistics by 14.7% in the third quarter. BlackRock Fund Advisors now owns 2,044,853 shares of the transportation company’s stock worth $47,154,000 after buying an additional 262,039 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Echo Global Logistics by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,316,383 shares of the transportation company’s stock worth $32,975,000 after buying an additional 130,084 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Echo Global Logistics by 38.3% in the fourth quarter. Janus Capital Management LLC now owns 950,105 shares of the transportation company’s stock worth $23,800,000 after buying an additional 262,993 shares in the last quarter. State Street Corp boosted its position in shares of Echo Global Logistics by 18.7% in the fourth quarter. State Street Corp now owns 719,567 shares of the transportation company’s stock worth $18,033,000 after buying an additional 113,557 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in shares of Echo Global Logistics by 5.8% in the first quarter. Rice Hall James & Associates LLC now owns 619,702 shares of the transportation company’s stock worth $13,231,000 after buying an additional 34,067 shares in the last quarter. Institutional investors own 89.75% of the company’s stock.

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

Echo Global Logistics, Inc. (NASDAQ:ECHO) traded up 0.25% on Friday, hitting $20.45. The company had a trading volume of 270,299 shares. Echo Global Logistics, Inc. has a 12-month low of $18.85 and a 12-month high of $28.90. The stock has a market cap of $594.60 million, a P/E ratio of 409.00 and a beta of 1.37. The firm’s 50 day moving average price is $20.62 and its 200 day moving average price is $23.33.

Echo Global Logistics (NASDAQ:ECHO) last announced its quarterly earnings results on Wednesday, February 8th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $406.90 million for the quarter, compared to the consensus estimate of $416.94 million. Echo Global Logistics had a return on equity of 4.32% and a net margin of 0.09%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. Equities analysts predict that Echo Global Logistics, Inc. will post $0.96 earnings per share for the current fiscal year.

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ECHO has been the topic of a number of recent research reports. Susquehanna Bancshares Inc upgraded Echo Global Logistics from a “neutral” rating to a “positive” rating in a research note on Thursday, April 13th. Zacks Investment Research upgraded Echo Global Logistics from a “strong sell” rating to a “hold” rating in a research note on Monday, January 2nd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Echo Global Logistics presently has an average rating of “Buy” and an average price target of $29.60.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services.

5 Day Chart for NASDAQ:ECHO

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