Short Interest Alert: Can Cardinal Health Incorporated (NYSE:CAH)’s Tomorrow Be Different? The Stock Had Decline in Shorts

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Alert: Can Cardinal Health Incorporated (NYSE:CAH)’s Tomorrow Be Different? The Stock Had Decline in Shorts

The stock of Cardinal Health Incorporated (NYSE:CAH) registered a decrease of 13.7% in short interest. CAH’s total short interest was 8.69M shares in November as published by FINRA. Its down 13.7% from 10.07 million shares, reported previously. With 3.24 million shares average volume, it will take short sellers 3 days to cover their CAH’s short positions. The short interest to Cardinal Health Incorporated’s float is 3.05%. About 1.11M shares traded hands. Cardinal Health Inc (NYSE:CAH) has declined 17.65% since April 25, 2016 and is downtrending. It has underperformed by 23.66% the S&P500.

Cardinal Health, Inc. is a healthcare services and products company. The company has a market cap of $23.03 billion. The Firm operates through two divisions: Pharmaceutical and Medical. It has a 17.32 P/E ratio. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products.

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.19, from 0.98 in 2016Q1. The ratio turned negative, as 60 funds sold all Cardinal Health Inc shares owned while 267 reduced positions. 56 funds bought stakes while 263 increased positions. They now own 267.07 million shares or 3.37% less from 276.39 million shares in 2016Q1.
State Street accumulated 15.04 million shares or 0.13% of the stock. Parametric Port Associate Lc owns 776,787 shares or 0.1% of their US portfolio. Sand Hill Glob Advsr Limited Liability Co holds 45,628 shares or 0.56% of its portfolio. Choate Investment holds 5,832 shares or 0% of its portfolio. Parsons Cap Management Inc Ri has 0.04% invested in the company for 3,296 shares. Gotham Asset Mngmt Llc holds 768,372 shares or 0.72% of its portfolio. Vestor Capital Limited Co last reported 63,737 shares in the company. Bokf Na holds 6,532 shares or 0.02% of its portfolio. Finemark Bank & Trust And Trust has invested 0.02% of its portfolio in Cardinal Health Inc (NYSE:CAH). Signalpoint Asset Mngmt Ltd holds 0.08% or 2,578 shares in its portfolio. Whittier Tru Co Of Nevada Incorporated has 16,137 shares for 0.14% of their US portfolio. Hillsdale Investment Management, a Ontario – Canada-based fund reported 4,410 shares. First Advisors Limited Partnership last reported 449,934 shares in the company. Apg Asset Nv has invested 0.12% of its portfolio in Cardinal Health Inc (NYSE:CAH). State Treasurer State Of Michigan, a Michigan-based fund reported 427,831 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 7 selling transactions for $50.79 million net activity. The insider Barrett George S sold 250,000 shares worth $20.91 million. On Tuesday, August 9 Casey Donald M Jr. sold $4.95M worth of the stock or 59,180 shares. $800,012 worth of Cardinal Health Inc (NYSE:CAH) was sold by LAWS STUART G. MORRISON PATRICIA sold $3.63 million worth of Cardinal Health Inc (NYSE:CAH) on Thursday, August 18. Morford Craig S sold 12,697 shares worth $1.06 million. Giacomin Jon L sold 47,251 shares worth $3.91M.

Cardinal Health Inc (NYSE:CAH) Ratings Coverage

Out of 10 analysts covering Cardinal Health (NYSE:CAH), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. Cardinal Health has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by William Blair on Wednesday, August 26. The stock of Cardinal Health Inc (NYSE:CAH) has “Outperform” rating given on Tuesday, November 3 by FBR Capital. The firm earned “Buy” rating on Monday, August 10 by Zacks. The stock of Cardinal Health Inc (NYSE:CAH) earned “Market Perform” rating by Raymond James on Wednesday, January 6. The stock of Cardinal Health Inc (NYSE:CAH) has “Conviction Buy” rating given on Monday, March 7 by Goldman Sachs. The firm earned “Market Perform” rating on Tuesday, March 15 by Cowen & Co. The stock has “Neutral” rating given by Goldman Sachs on Friday, September 16. The company was maintained on Thursday, February 11 by RBC Capital Markets. As per Tuesday, November 3, the company rating was maintained by UBS. The company was maintained on Thursday, August 4 by Deutsche Bank.

CAH Company Profile

Cardinal Health, Inc. is a healthcare services and products company. The Firm operates through two divisions: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies. The Medical segment distributes a range of medical, surgical and laboratory products, and provides services to hospitals, ambulatory surgery centers, clinical laboratories and other healthcare providers. This segment also makes, sources and develops its own Cardinal Health brand medical and surgical products. It provides post-acute care management and transition services, and software to hospitals.

More notable recent Cardinal Health Inc (NYSE:CAH) news were published by: Wsj.com which released: “Cardinal Health Cuts Profit Guidance” on October 31, 2016, also Businesswire.com with their article: “Navidea Signs Asset Purchase Agreement with Cardinal Health” published on November 23, 2016, Investorplace.com published: “Cardinal Health Inc (CAH) Stock Looks Healthy in the Long Term” on November 21, 2016. More interesting news about Cardinal Health Inc (NYSE:CAH) were released by: Finance.Yahoo.com and their article: “Cardinal Health Inc (CAH) Chairman and CEO George S Barrett Sold $15.5 million …” published on November 14, 2016 as well as Prnewswire.com‘s news article titled: “Cardinal Health Reports First-quarter Results for Fiscal Year 2017” with publication date: October 31, 2016.

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By Ruchi Gupta

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