Echo Global Logistics, Inc: Alexander Mitchell’s Scopus Asset Management Disclosed Stake

February 14, 2018 - By Stephen Andrade

 Echo Global Logistics, Inc: Alexander Mitchell's Scopus Asset Management Disclosed Stake

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.08, from 1.09 in 2017Q2. It is positive, 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.

Parametric Port Assoc Limited invested in 0% or 104,591 shares. Royal Bank & Trust Of Canada, Ontario – Canada-based fund reported 2,837 shares. Moreover, Pnc Finance Service Grp has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 1,921 shares. D E Shaw And holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 83,729 shares. Retail Bank Of Mellon owns 397,665 shares. Blackrock holds 3.47M shares. Plante Moran Advisors Ltd Liability Com stated it has 1,000 shares or 0.01% of all its holdings. Ls Invest Advisors Limited Liability Company has 1,007 shares for 0% of their portfolio. Scopus Asset Limited Partnership holds 0.29% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 1.49 million shares. Vanguard stated it has 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Pitcairn Communication invested in 19,986 shares. Northern Corporation stated it has 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Stephens Investment Mgmt Group holds 0.34% or 784,397 shares in its portfolio. Luminus Mgmt Ltd Liability Co has 1.63 million shares for 0.81% of their portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 54,960 shares.

The New Alexander Mitchell’s Scopus Asset Management Holding in Echo Global Logistics, Inc

Scopus Asset Management reported SC 13G/A form with the SEC for Echo Global Logistics, Inc. Access it here: 000119312518042506. As reported by Alexander Mitchell’s Scopus Asset Management, the filler owns 6.2% or 1,730,166 shares of the Information Technology–company.

Echo Global Logistics, Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Alexander Mitchell’s Scopus Asset Management’s positive view for Echo Global Logistics, Inc. For a hedge fund managing $3.64 billion in assets and having 19+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Alexander Mitchell’s Scopus Asset Management’s portfolio is in the sector.

Echo Global Logistics, Inc Institutional Sentiment

Filings show 144 investors own Echo Global Logistics, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 6966213. 33228612 were owned by these investors. 23 funds opened new Echo Global Logistics, Inc stakes, 66 increased positions. There were 39 that closed positions and 40 reduced them.

Ken Brodkowitz And Mike Vermut Newland Capital Management Llc is an investor bullish on Echo Global Logistics, Inc, owning 424727 shares as of Q3 2015 for 7.57% of its portfolio. Tom Henwood Omt Capital Management Llc owns 160440 shares or 3.84% of its portfolio. NY Fenimore Asset Management Inc have 0.23% of its portfolio for 214800 shares. Further, North Star Asset Management Inc reported stake worth 0.96% of its portfolio. The CA Ami Asset Management Corp owns 409287 shares. Echo Global Logistics, Inc is 0.61% of its portfolio.

Business Profile

Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. The Company focuses primarily on arranging transportation by truckload (TL) and less than truckload (LTL) carriers. It also offers intermodal (which involves moving a shipment by rail and truck), small parcel, domestic air, expedited and international transportation services. The Company’s core logistics services include rate negotiation, shipment execution and tracking, carrier selection and management, routing compliance freight bill payment and audit, payment and performance management and reporting functions.

SEC Form 13G.

The stock decreased 0.34% or $0.1 during the last trading session, reaching $29.35. About 406,840 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since February 14, 2017 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 $819.09 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 has a 65.22 P/E ratio. 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 15 analysts covering Echo Global Logistics (NASDAQ:ECHO), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Echo Global Logistics has $40.0 highest and $14 lowest target. $28.50’s average target is -2.90% below currents $29.35 stock price. Echo Global Logistics had 40 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Thursday, October 26 by UBS. The firm earned “Buy” rating on Monday, January 8 by Susquehanna. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Equal-Weight” rating given on Thursday, October 26 by Morgan Stanley. JP Morgan initiated the shares of ECHO in report on Monday, July 11 with “Overweight” rating. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Neutral” rating given on Thursday, October 26 by Credit Suisse. The firm earned “Neutral” rating on Tuesday, December 20 by Susquehanna. On Thursday, October 26 the stock rating was maintained by Stifel Nicolaus with “Buy”. Macquarie Research upgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Tuesday, August 11 to “Neutral” rating. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Equal-Weight” rating given on Monday, August 7 by Morgan Stanley. The rating was maintained by Susquehanna with “Buy” on Wednesday, February 7.

More notable recent Echo Global Logistics, Inc. (NASDAQ:ECHO) news were published by: Fool.com which released: “Why Echo Global Logistics, Inc.’s Shares Popped 32% Today” on October 26, 2017, also Globenewswire.com with their article: “Echo Global Logistics Fourth Quarter 2017 Earnings Release and Conference Call …” published on January 10, 2018, Nasdaq.com published: “Commit To Buy Echo Global Logistics At $22.50, Earn 9.6% Annualized Using Options” on February 05, 2018. More interesting news about Echo Global Logistics, Inc. (NASDAQ:ECHO) were released by: Businesswire.com and their article: “Echo Global Logistics Selects project44 to Automate LTL and VLTL Activities” published on February 13, 2018 as well as Globenewswire.com‘s news article titled: “Echo Global Logistics Reports Record Fourth Quarter Revenue, Up 34.6% Year …” with publication date: February 07, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: