CommerceHub (CHUBK) Holdings Cut by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. decreased its holdings in shares of CommerceHub (NASDAQ:CHUBK) by 11.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,750 shares of the company’s stock after selling 2,500 shares during the period. Mint Tower Capital Management B.V.’s holdings in CommerceHub were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in CommerceHub during the 4th quarter worth approximately $127,000. Teacher Retirement System of Texas acquired a new stake in shares of CommerceHub in the 4th quarter worth approximately $205,000. Yakira Capital Management Inc. acquired a new stake in shares of CommerceHub in the 4th quarter worth approximately $213,000. Trexquant Investment LP acquired a new stake in shares of CommerceHub in the 1st quarter worth approximately $239,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of CommerceHub in the 4th quarter worth approximately $292,000. Institutional investors own 51.18% of the company’s stock.

A number of equities research analysts recently weighed in on CHUBK shares. BidaskClub cut CommerceHub from a “hold” rating to a “sell” rating in a report on Friday, January 19th. ValuEngine upgraded CommerceHub from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.

Shares of NASDAQ:CHUBK opened at $22.74 on Friday. The firm has a market cap of $988.65 million, a price-to-earnings ratio of 55.43 and a beta of -0.88. CommerceHub has a one year low of $22.72 and a one year high of $22.74.

CommerceHub (NASDAQ:CHUBK) last announced its earnings results on Wednesday, February 28th. The company reported $0.21 EPS for the quarter. The company had revenue of $36.73 million for the quarter.

About CommerceHub

CommerceHub, Inc, together with its subsidiaries, provides cloud-based e-commerce fulfillment and marketing solutions for large retailers, consumer brands, and marketplaces primarily in the United States and Canada. The company provides assortment expansion solutions, which enable its retailer customers to communicate electronically with their drop-ship suppliers; and demand channel solutions that allow sellers to upload their entire product catalog to platform and then transform and syndicate that product catalog to a range of e-commerce demand channels to facilitate consumer demand generation.

Institutional Ownership by Quarter for CommerceHub (NASDAQ:CHUBK)

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