Advisory Board Co (NASDAQ:ABCO).
Oxford Asset Management says it bought 688,597 shares last quarter increasing its holdings in Advisory Board Co by 1,251.2%. Its position was valued at $39,894,000 an increase of 1,307.7% according to the filing.
Several firms have updated their holdings. Schwab Charles Investment Management Inc expanded its stake by buying 4,491 shares an increase of 2.5% from 06/30/2017 to 09/30/2017. Schwab Charles Investment Management Inc claims 183,618 shares worth $9,847,000. The value of the position overall is up by 6.7%. As of the end of the quarter Clearbridge Investments, LLC had bought a total of 76 shares growing its stake by 0.0%. The value of the total investment in Advisory Board Co increased from $19,306,000 to $20,107,000 increasing 4.1% quarter to quarter.
Bernzott Capital Advisors reduced its position by selling 100,515 shares a decrease of 16.9% in the quarter. Bernzott Capital Advisors owns 492,990 shares valued at $26,437,000. The total value of its holdings decreased 13.5%.
On October 4 Robert W. Baird maintained a company rating of “Hold” with a current price target of $54.00.
On September 1, 2017 KeyCorp reiterated a “Hold” rating on the company. August 29 investment analysts at Cantor Fitzgerald left the company rating at “Hold” targeting a price of $54.00.
The company is trading up from yesterday’s close of 53.75. Advisory Board Co currently has a P/E ratio of 30.99 and market cap is 2.19B. In the latest earnings report the EPS was $1.74 with 40.76M shares outstanding.
Short traders are feeling a little more bearish on Advisory Board Co lately if you evaluate the rise in short interest. The company had a rise in short interest of 9.49% between September 29, 2017 and October 13, 2017. Short interest grew 182,593 over that period. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.05% as of October 13.