Alliancebernstein L.P. raised its holdings in CommerceHub (NASDAQ:CHUBK) by 71.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,144 shares of the company’s stock after acquiring an additional 14,644 shares during the period. Alliancebernstein L.P. owned about 0.08% of CommerceHub worth $724,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of CHUBK. State of Wisconsin Investment Board boosted its position in shares of CommerceHub by 352.2% during the fourth quarter. State of Wisconsin Investment Board now owns 694,189 shares of the company’s stock worth $14,293,000 after buying an additional 540,689 shares during the period. Acadian Asset Management LLC boosted its position in shares of CommerceHub by 42.7% during the fourth quarter. Acadian Asset Management LLC now owns 190,460 shares of the company’s stock worth $3,922,000 after buying an additional 57,022 shares during the period. American Century Companies Inc. acquired a new position in shares of CommerceHub during the fourth quarter worth about $710,000. BlackRock Inc. boosted its position in shares of CommerceHub by 1.4% during the fourth quarter. BlackRock Inc. now owns 1,826,785 shares of the company’s stock worth $37,613,000 after buying an additional 24,673 shares during the period. Finally, Schroder Investment Management Group acquired a new position in shares of CommerceHub during the third quarter worth about $430,000. 53.28% of the stock is owned by hedge funds and other institutional investors.
CHUBK stock opened at $22.54 on Monday. The stock has a market cap of $980.17, a PE ratio of 60.89 and a beta of -0.92. CommerceHub has a fifty-two week low of $14.85 and a fifty-two week high of $22.63.
Separately, BidaskClub raised CommerceHub from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th.
CommerceHub, Inc, together with its subsidiaries, provides cloud-based e-commerce fulfillment and marketing solutions for large retailers, marketplaces, 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.
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