Cardinal Health, Inc. (CAH) Reaches $53.22 After 9.00% Down Move; Calavo Growers (CVGW) Has 1.04 Sentiment

June 18, 2018 - By Winifred Garcia

Calavo Growers, Inc. (NASDAQ:CVGW) Logo

Calavo Growers Inc (CVGW) investors sentiment decreased to 1.04 in Q1 2018. It’s down -0.19, from 1.23 in 2017Q4. The ratio fall, as 86 hedge funds increased and started new positions, while 83 cut down and sold their holdings in Calavo Growers Inc. The hedge funds in our database now hold: 14.34 million shares, down from 15.14 million shares in 2017Q4. Also, the number of hedge funds holding Calavo Growers Inc in top ten positions decreased from 5 to 2 for a decrease of 3. Sold All: 22 Reduced: 61 Increased: 61 New Position: 25.

The stock of Cardinal Health, Inc. (NYSE:CAH) is a huge mover today! The stock decreased 2.79% or $1.53 during the last trading session, reaching $53.22. About 2.87M shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 28.59% since June 18, 2017 and is downtrending. It has underperformed by 41.16% the S&P500. Some Historical CAH News: ; 19/04/2018 – Rubicon Named Among Glassdoor’s “11 Companies with Seriously lmpressive Benefits”; 15/05/2018 – Florida Also Suing Painkiller Distributors AmerisourceBergen, Cardinal Health and McKesson Corp; 07/03/2018 – U.S. judge says opioid settlement roadblocks may prompt trials; 15/05/2018 – U.S. state lawsuits against Purdue Pharma over opioid epidemic mount; 03/05/2018 – CARDINAL HEALTH INC CAH.N SEES FY 2018 NON-GAAP SHR $4.85 TO $4.95; 09/05/2018 – CARDINAL HEALTH INC – BOARD OF DIRECTORS TODAY APPROVED A 3 PERCENT INCREASE IN CO’S QUARTERLY DIVIDEND FROM $0.4624 PER SHARE TO $0.4763 PER SHARE; 16/04/2018 – Cardinal Health CDS Tightens 8 Bps, Most in 3 Years; 09/03/2018 – CARDINAL HEALTH RECOMMENDS HOLDERS REJECT BELOW-MARKET; 02/04/2018 – Cardinal Health Inc. CDS Tightens 11 Bps, Most in 4 Years; 16/04/2018 – Amazon shelves plans to sell, distribute drugs to hospitals- CNBCThe move comes after 5 months negative chart setup for the $16.54B company. It was reported on Jun, 18 by Barchart.com. We have $48.43 PT which if reached, will make NYSE:CAH worth $1.49 billion less.

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants worldwide. The company has market cap of $1.61 billion. It operates in three divisions: Fresh Products, Calavo Foods, and RFG. It has a 39.74 P/E ratio. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in Mexico, as well as various other commodities, including tomatoes, papayas, and pineapples.

The stock decreased 0.22% or $0.2 during the last trading session, reaching $91.4. About 40,321 shares traded. Calavo Growers, Inc. (CVGW) has risen 29.85% since June 18, 2017 and is uptrending. It has outperformed by 17.28% the S&P500. Some Historical CVGW News: ; 07/03/2018 – CALAVO GROWERS INC CVGW.O FY2018 SHR VIEW $2.97, REV VIEW $1.28 BLN — THOMSON REUTERS l/B/E/S; 24/05/2018 – Calavo Growers Closes Below 50-Day Moving Average: Technicals; 14/03/2018 – Calavo Growers at Tour Hosted By Stephens Inc. Today; 15/05/2018 – Otter Creek Adds Potlatch, Exits MGIC, Cuts Calavo Growers: 13F; 07/03/2018 – Calavo Growers Backs FY18 Double-Digit Growth in Rev, EPS; 07/03/2018 – Calavo Growers 1Q EPS 41c; 20/04/2018 – DJ Calavo Growers Inc, Inst Holders, 1Q 2018 (CVGW); 07/03/2018 Calavo Growers Tour Scheduled By Stephens Inc. for Mar. 14; 07/03/2018 – CALAVO GROWERS INC – COMPANY REAFFIRMS FORECAST FOR DOUBLE-DIGIT INCREASE IN CONSOLIDATED REVENUE AND EPS FOR FISCAL 2018; 25/05/2018 – Calavo Investor Misstep

Since January 1, 0001, it had 0 buys, and 5 insider sales for $2.67 million activity.

Ranger Investment Management L.P. holds 2.64% of its portfolio in Calavo Growers, Inc. for 387,456 shares. Cardinal Capital Management Llc Ct owns 485,113 shares or 1.66% of their US portfolio. Moreover, Freshford Capital Management Llc has 1.62% invested in the company for 105,719 shares. The Pennsylvania-based Copeland Capital Management Llc has invested 1.6% in the stock. Portolan Capital Management Llc, a Massachusetts-based fund reported 143,472 shares.

More news for Calavo Growers, Inc. (NASDAQ:CVGW) were recently published by: Nasdaq.com, which released: “Calavo Growers Capitalizes on Healthy Volumes” on June 07, 2018. Benzinga.com‘s article titled: “8 Biggest Price Target Changes For Wednesday” and published on June 06, 2018 is yet another important article.

Since January 22, 2018, it had 0 insider buys, and 3 insider sales for $3.82 million activity. Another trade for 7,995 shares valued at $549,924 was made by Giacomin Jon L on Thursday, February 15. Shares for $1.89 million were sold by MORRISON PATRICIA on Wednesday, February 14. Kaufmann Michael C also sold $1.37 million worth of Cardinal Health, Inc. (NYSE:CAH) shares.

Cardinal Health, Inc. operates as an integrated healthcare services and products firm worldwide. The company has market cap of $16.54 billion. The companyÂ’s Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare, and consumer products to retailers, hospitals, and other healthcare providers. It has a 9.94 P/E ratio. It offers distribution, inventory management, data reporting, new product launch support, and chargeback administration services to pharmaceutical manufacturers; pharmacy and medication therapy management, and patient outcomes services to hospitals, other healthcare providers, and payers; and consulting, patient support, and other services to pharmaceutical manufacturers and healthcare providers.

Among 20 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 2 Sell and 13 Hold. Therefore 25% are positive. Cardinal Health had 54 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, December 17 by Goldman Sachs. Leerink Swann maintained it with “Hold” rating and $72 target in Monday, April 24 report. Jefferies maintained the stock with “Hold” rating in Friday, February 9 report. The firm has “Buy” rating given on Wednesday, August 26 by William Blair. Credit Suisse maintained the stock with “Buy” rating in Thursday, July 13 report. The stock of Cardinal Health, Inc. (NYSE:CAH) earned “Neutral” rating by Mizuho on Tuesday, January 3. The firm has “Hold” rating by Jefferies given on Tuesday, August 29. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Monday, March 7 report. Evercore upgraded Cardinal Health, Inc. (NYSE:CAH) on Thursday, April 6 to “Outperform” rating. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets.

Analysts await Cardinal Health, Inc. (NYSE:CAH) to report earnings on August, 1. They expect $0.93 EPS, down 29.01% or $0.38 from last year’s $1.31 per share. CAH’s profit will be $288.94M for 14.31 P/E if the $0.93 EPS becomes a reality. After $1.39 actual EPS reported by Cardinal Health, Inc. for the previous quarter, Wall Street now forecasts -33.09% negative EPS growth.

More news for Cardinal Health, Inc. (NYSE:CAH) were recently published by: Seekingalpha.com, which released: “Cardinal Health: At Least 25% Upside” on June 12, 2018. Streetinsider.com‘s article titled: “Cardinal Health (CAH) Says FDA Advisory Committee Votes in Favor of its INCRAFT AAA Stent Graft System for …” and published on June 13, 2018 is yet another important article.

Investors sentiment increased to 1 in Q1 2018. Its up 0.25, from 0.75 in 2017Q4. It improved, as 34 investors sold Cardinal Health, Inc. shares while 218 reduced holdings. 68 funds opened positions while 184 raised stakes. 279.84 million shares or 1.32% more from 276.20 million shares in 2017Q4 were reported. San Francisco Sentry Invest Gru (Ca) invested in 0.01% or 412 shares. Donaldson Capital Mgmt Ltd holds 28,357 shares. Covington Capital accumulated 200 shares. The Illinois-based Blair William & Company Il has invested 0.01% in Cardinal Health, Inc. (NYSE:CAH). Rampart Investment Management Llc has 0.05% invested in Cardinal Health, Inc. (NYSE:CAH). Creative Planning has 0.01% invested in Cardinal Health, Inc. (NYSE:CAH) for 23,804 shares. Hikari Tsushin holds 4,018 shares. Assetmark reported 77,731 shares. 12,077 were reported by Vident Investment Advisory Limited Liability Company. Moreover, Mairs And Pwr has 0% invested in Cardinal Health, Inc. (NYSE:CAH). 21.83 million are owned by Vanguard Group Inc Incorporated. Petrus Lta reported 3,625 shares. 168,680 are held by British Columbia Inv Corp. Etrade Cap Mgmt Ltd Limited Liability Company reported 0.06% stake. Ruggie Cap holds 186 shares or 0.01% of its portfolio.

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

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