Dale Danilewitz, AmerisourceBergen (ABC)’s insider Sold 21,500 Shares; Associated Banc-Corp Lifted By $1.90 Million Its Hanesbrands (HBI) Stake

February 20, 2018 - By Marie Mckinney

Associated Banc-Corp increased Hanesbrands Inc (HBI) stake by 14.46% reported in 2017Q3 SEC filing. Associated Banc-Corp acquired 79,173 shares as Hanesbrands Inc (HBI)’s stock declined 1.43%. The Associated Banc-Corp holds 626,596 shares with $15.44M value, up from 547,423 last quarter. Hanesbrands Inc now has $7.18B valuation. The stock decreased 2.73% or $0.56 during the last trading session, reaching $19.93. About 5.83M shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since February 20, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

Dale Danilewitz currently acting as the Executive Vice President of Amerisourcebergen Corp recently unloaded 21,500 shares of the ‘s company. The huge insider deal has $2,091,950 US Dollars total value, at an average price per share of $97.3. In the last month, he also unloaded 3,121 shares worth $305,047 USD. A 4F filing accessible for free here made public this transaction activity. It was made public on February 20, 2018 and filled with U.S. SEC.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen has $130 highest and $9 lowest target. $95.88’s average target is -4.06% below currents $99.94 stock price. AmerisourceBergen had 69 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Hold” rating by Mizuho given on Wednesday, January 24. As per Wednesday, January 6, the company rating was downgraded by Raymond James. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Hold” rating given on Tuesday, May 30 by Mizuho. The stock has “Buy” rating by Needham on Friday, September 8. The rating was downgraded by Bank of America to “Neutral” on Friday, June 30. Credit Suisse maintained it with “Buy” rating and $112.0 target in Wednesday, February 7 report. On Wednesday, November 9 the stock rating was upgraded by Mizuho to “Buy”. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Neutral” rating given on Friday, August 4 by UBS. Mizuho downgraded AmerisourceBergen Corporation (NYSE:ABC) on Tuesday, January 3 to “Neutral” rating. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Buy” rating given on Friday, November 3 by Needham.

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. The company has market cap of $21.95 billion. The Company’s Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers. It has a 22.61 P/E ratio. It also provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; and packaging solutions to various institutional and retail healthcare providers.

The stock increased 0.54% or $0.54 during the last trading session, reaching $99.94. About 1.68M shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since February 20, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.18, from 1.33 in 2017Q2. It fall, as 43 investors sold HBI shares while 189 reduced holdings. 78 funds opened positions while 188 raised stakes. 334.65 million shares or 1.31% more from 330.33 million shares in 2017Q2 were reported. Oxbow Advsr Limited Com stated it has 0.19% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Synovus has 56,617 shares for 0.03% of their portfolio. The Louisiana-based Louisiana State Employees Retirement has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Comerica Commercial Bank holds 0.02% or 112,265 shares. Japan-based Mitsubishi Ufj And Banking Corporation has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Tocqueville Asset Management Limited Partnership holds 0.11% or 373,148 shares in its portfolio. Tarbox Family Office has 7,255 shares. Guyasuta Investment reported 0.05% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Mrj Cap Inc holds 1.74% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 125,500 shares. 197,510 are owned by Commonwealth Equity Services. Arete Wealth Limited Co owns 21,800 shares for 0.21% of their portfolio. Copeland Mngmt Limited Company has 0.59% invested in Hanesbrands Inc. (NYSE:HBI) for 355,332 shares. Columbia Wanger Asset Ltd holds 0.3% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 810,790 shares. 73,865 are held by Thompson Invest Management. Cannell Peter B reported 0.95% in Hanesbrands Inc. (NYSE:HBI).

Since August 28, 2017, it had 0 buys, and 2 selling transactions for $1.32 million activity. 51,743 shares were sold by Upchurch W Howard Jr, worth $1.07 million. Marsh John T. sold 10,325 shares worth $250,536.

Among 19 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Hanesbrands had 57 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Hold” rating by Stifel Nicolaus on Monday, September 25. The stock of Hanesbrands Inc. (NYSE:HBI) has “Market Perform” rating given on Wednesday, October 12 by Cowen & Co. The firm has “Buy” rating given on Monday, December 12 by DA Davidson. The firm has “Hold” rating given on Wednesday, September 27 by Cowen & Co. The firm has “Buy” rating given on Thursday, February 8 by FBR Capital. The firm has “Outperform” rating by Wells Fargo given on Thursday, October 22. Nomura downgraded the stock to “Neutral” rating in Thursday, September 21 report. The company was maintained on Friday, February 9 by Citigroup. The firm has “Buy” rating given on Monday, July 17 by Brean Capital. The company was initiated on Monday, October 23 by Deutsche Bank.

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