State Board of Administration of Florida Retirement System cut its stake in Cardinal Health Inc (NYSE:CAH) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 409,954 shares of the company’s stock after selling 4,670 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of Cardinal Health worth $19,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Andra AP fonden purchased a new stake in shares of Cardinal Health in the first quarter valued at approximately $5,662,000. ARP Americas LP lifted its holdings in Cardinal Health by 197.2% in the second quarter. ARP Americas LP now owns 62,399 shares of the company’s stock valued at $2,939,000 after acquiring an additional 41,400 shares during the last quarter. Bremer Bank National Association acquired a new position in Cardinal Health in the first quarter valued at approximately $27,000. Jacobs Levy Equity Management Inc. lifted its holdings in Cardinal Health by 5.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 555,163 shares of the company’s stock valued at $26,731,000 after acquiring an additional 26,570 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Cardinal Health by 32.1% in the first quarter. Advisory Services Network LLC now owns 1,978 shares of the company’s stock valued at $95,000 after acquiring an additional 481 shares during the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.
CAH opened at $42.79 on Friday. Cardinal Health Inc has a one year low of $41.03 and a one year high of $58.31. The stock has a market capitalization of $12.76 billion, a PE ratio of 8.10, a P/E/G ratio of 1.44 and a beta of 1.28. The business’s 50 day moving average price is $45.27 and its 200 day moving average price is $47.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 1.07.
CAH has been the topic of a number of recent analyst reports. Guggenheim upgraded Cardinal Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $50.00 to $52.00 in a report on Tuesday. ValuEngine upgraded Cardinal Health from a “strong sell” rating to a “sell” rating in a report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $55.00.
Cardinal Health Company Profile
Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.
See Also: Google Finance Portfolio Tips and Tricks
Want to see what other hedge funds are holding CAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cardinal Health Inc (NYSE:CAH).
Receive News & Ratings for Cardinal Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Health and related companies with MarketBeat.com's FREE daily email newsletter.