Shorts Action: What’s in Chemed Corporation (NYSE:CHE) After Rise in Shorted Shares?

November 29, 2016 - By Hazel Jackson   ·   0 Comments

Shorts Action: What’s in Chemed Corporation (NYSE:CHE) After Rise in Shorted Shares?

The stock of Chemed Corporation (NYSE:CHE) registered an increase of 1.69% in short interest. CHE’s total short interest was 1.57M shares in November as published by FINRA. Its up 1.69% from 1.54M shares, reported previously. With 97,300 shares average volume, it will take short sellers 16 days to cover their CHE’s short positions. The short interest to Chemed Corporation’s float is 9.97%. About 8,660 shares traded hands. Chemed Corporation (NYSE:CHE) has risen 6.94% since April 26, 2016 and is uptrending. It has outperformed by 1.68% the S&P500.

Chemed Corporation operates and divests subsidiaries engaged in diverse business activities. The company has a market cap of $2.44 billion. The Firm operates its business in two divisions: the VITAS segment and the Roto-Rooter segment (Roto-Rooter). It has a 23.86 P/E ratio. The Company’s VITAS segment provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.01, from 0.83 in 2016Q1. The ratio fall, as 20 funds sold all Chemed Corporation shares owned while 85 reduced positions. 23 funds bought stakes while 64 increased positions. They now own 15.59 million shares or 21.49% less from 19.86 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement last reported 0% of its portfolio in the stock. The Iowa-based At State Bank has invested 0.04% in Chemed Corporation (NYSE:CHE). Los Angeles Capital And Equity Rech Inc, a California-based fund reported 5,636 shares. Manufacturers Life Insur Co The last reported 10,718 shares in the company. Ajo Lp has invested 0.01% of its portfolio in Chemed Corporation (NYSE:CHE). Legal General Public Ltd Co accumulated 3,571 shares or 0% of the stock. Swiss Bancorporation has invested 0.01% of its portfolio in Chemed Corporation (NYSE:CHE). Amalgamated State Bank reported 1,876 shares or 0.02% of all its holdings. Analytic Invsts Lc accumulated 15,390 shares or 0.02% of the stock. First Manhattan accumulated 65 shares or 0% of the stock. Fifth Third Retail Bank accumulated 0% or 1,374 shares. Parkside Commercial Bank holds 0.06% or 945 shares in its portfolio. The United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.05% in Chemed Corporation (NYSE:CHE). Putnam Invs Ltd Liability Co holds 0.02% of its portfolio in Chemed Corporation (NYSE:CHE) for 61,616 shares. First Citizens Bancorporation Company accumulated 0.07% or 5,424 shares.

Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 9 selling transactions for $6.25 million net activity. SAUNDERS DONALD E had sold 500 shares worth $72,160. On Monday, November 28 GRACE PATRICK P sold $59,412 worth of the stock or 400 shares. 10,000 shares with value of $1.38M were sold by MCNAMARA KEVIN J on Friday, October 28. Another trade for 4,500 shares valued at $675,990 was made by LEE SPENCER S on Monday, November 14. TUCKER ARTHUR V JR sold $444,445 worth of Chemed Corporation (NYSE:CHE) on Thursday, August 4.

Chemed Corporation (NYSE:CHE) Ratings Coverage

Out of 2 analysts covering Chemed (NYSE:CHE), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Chemed has been the topic of 7 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Oppenheimer maintained it with “Outperform” rating and $150.0 target price in Tuesday, September 22 report. The rating was maintained by RBC Capital Markets on Monday, July 27 with “Sector Perform”. The stock has “Outperform” rating given by Oppenheimer on Monday, October 26. The stock of Chemed Corporation (NYSE:CHE) has “Sector Perform” rating given on Monday, May 2 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, October 26. RBC Capital Markets maintained Chemed Corporation (NYSE:CHE) rating on Tuesday, November 1. RBC Capital Markets has “Sector Perform” rating and $148 price target.

CHE Company Profile

Chemed Corporation, incorporated on April 2, 1970, purchases, operates and divests subsidiaries engaged in diverse business activities. The Firm operates its business in two divisions: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter).

More notable recent Chemed Corporation (NYSE:CHE) news were published by: Marketwatch.com which released: “Chemed Corp.” on December 21, 2009, also Quotes.Wsj.com with their article: “News Chemed Corp.CHE” published on February 11, 2011, Streetinsider.com published: “Chemed Corporation (CHE) Misses Q3 EPS by 9c” on October 26, 2016. More interesting news about Chemed Corporation (NYSE:CHE) were released by: Businesswire.com and their article: “Chemed Corporation Declares Quarterly Dividend of 26 Cents” published on November 04, 2016 as well as Seekingalpha.com‘s news article titled: “Chemed: Finally Time For That Roto-Rooter Spin-Off” with publication date: November 24, 2016.

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By Hazel Jackson


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