December 25, 2017 - By Adrian Erickson
Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.08, from 1.09 in 2017Q2. It increased, as 18 investors sold Echo Global Logistics, Inc. shares while 36 reduced holdings. 21 funds opened positions while 42 raised stakes. 25.35 million shares or 4.42% more from 24.27 million shares in 2017Q2 were reported.
Inv Of Virginia Ltd holds 160,798 shares. Royal National Bank & Trust Of Canada reported 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Nationwide Fund reported 0% stake. Kbc Gru Nv stated it has 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Sei Co, Pennsylvania-based fund reported 154 shares. Sector Pension Inv Board owns 17,323 shares for 0% of their portfolio. Geode Capital Mngmt Limited Liability Corp, a Massachusetts-based fund reported 247,145 shares. Ny State Common Retirement Fund reported 0% stake. Credit Suisse Ag holds 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO) or 36,462 shares. Ameriprise Fincl invested in 140,015 shares or 0% of the stock. Voya Limited Liability Company stated it has 14,354 shares. Moreover, State Street Corp has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 737,458 shares. Pnc Services Grp Inc Inc reported 0% stake. Teachers Retirement System Of The State Of Kentucky holds 11,200 shares. Manufacturers Life The holds 0% or 21,357 shares in its portfolio.
The stock of Echo Global Logistics Incorporated (NASDAQ:ECHO) registered an increase of 4.99% in short interest. ECHO’s total short interest was 3.54 million shares in December as published by FINRA. Its up 4.99% from 3.37M shares, reported previously. With 445,300 shares average volume, it will take short sellers 8 days to cover their ECHO’s short positions. The short interest to Echo Global Logistics Incorporated’s float is 13.03%.
The stock increased 3.63% or $1 during the last trading session, reaching $28.55. About 443,977 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since December 25, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.
Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. The company has market cap of $796.76 million. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. It currently has negative earnings. The firm offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.
Echo Global Logistics, Inc. (NASDAQ:ECHO) Ratings Coverage
Among 14 analysts covering Echo Global Logistics (NASDAQ:ECHO), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. Echo Global Logistics had 34 analyst reports since August 11, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of ECHO in report on Thursday, September 28 with “Buy” rating. Cowen & Co maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) on Tuesday, October 27 with “Outperform” rating. The company was maintained on Wednesday, August 30 by Cowen & Co. The rating was downgraded by UBS on Monday, July 11 to “Neutral”. Stifel Nicolaus maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) rating on Wednesday, December 9. Stifel Nicolaus has “Buy” rating and $28 target. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Neutral” rating given on Tuesday, August 11 by Macquarie Research. The rating was maintained by Barrington Research on Friday, August 28 with “Outperform”. UBS downgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Friday, July 28 to “Sell” rating. The stock has “Outperform” rating by William Blair on Friday, August 21. Credit Suisse maintained the shares of ECHO in report on Thursday, October 26 with “Neutral” rating.
More notable recent Echo Global Logistics, Inc. (NASDAQ:ECHO) news were published by: Seekingalpha.com</a> which released: “Echo Global Logistics +18.5% after Q3, guidance beats and price target increases” on October 26, 2017, also Prnewswire.com</a> with their article: “Trucking Stocks’ Research Reports Released on Echo Global Logistics, Heartland …” published on December 12, 2017, Valuewalk.com</a> published: “Spruce Point Re-Establishes Short Position In Echo Global Logistics, Inc. (ECHO)” on December 21, 2017. More interesting news about Echo Global Logistics, Inc. (NASDAQ:ECHO) were released by: Seekingalpha.com</a> and their article: “Echo Global Logistics’ (ECHO) CEO Doug Waggoner on Q3 2017 Results – Earnings …” published on October 26, 2017 as well as Seekingalpha.com</a>‘s news article titled: “Echo Global Logistics (ECHO) Q2 2017 Results – Earnings Call Transcript” with publication date: July 28, 2017.
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