Tiverton Asset Management LLC decreased its holdings in shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) by 24.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,801 shares of the transportation company’s stock after selling 67,709 shares during the period. Tiverton Asset Management LLC owned approximately 0.71% of Echo Global Logistics worth $4,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS Group AG raised its holdings in Echo Global Logistics by 252.2% during the first quarter. UBS Group AG now owns 32,239 shares of the transportation company’s stock worth $688,000 after buying an additional 23,085 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in Echo Global Logistics by 54.7% during the first quarter. OppenheimerFunds Inc. now owns 59,827 shares of the transportation company’s stock worth $1,277,000 after buying an additional 21,153 shares during the last quarter. Teachers Advisors LLC raised its holdings in Echo Global Logistics by 3.2% during the fourth quarter. Teachers Advisors LLC now owns 52,210 shares of the transportation company’s stock worth $1,308,000 after buying an additional 1,608 shares during the last quarter. Isthmus Partners LLC raised its holdings in Echo Global Logistics by 7.3% during the first quarter. Isthmus Partners LLC now owns 27,387 shares of the transportation company’s stock worth $585,000 after buying an additional 1,869 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in Echo Global Logistics during the first quarter worth $1,068,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

ECHO has been the topic of several research reports. Zacks Investment Research upgraded shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. BidaskClub downgraded shares of Echo Global Logistics from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Cowen and Company restated a “buy” rating and set a $19.00 price objective on shares of Echo Global Logistics in a report on Friday, September 1st. William Blair restated a “market perform” rating on shares of Echo Global Logistics in a report on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Echo Global Logistics in a report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Echo Global Logistics has an average rating of “Hold” and an average price target of $19.38.

Shares of Echo Global Logistics, Inc. (ECHO) opened at 16.75 on Friday. Echo Global Logistics, Inc. has a 1-year low of $13.00 and a 1-year high of $28.90. The stock has a 50 day moving average of $14.58 and a 200 day moving average of $18.44. The company’s market cap is $477.94 million.

Echo Global Logistics (NASDAQ:ECHO) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $470.25 million. Echo Global Logistics had a positive return on equity of 3.22% and a negative net margin of 0.21%. Echo Global Logistics’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities analysts forecast that Echo Global Logistics, Inc. will post $0.59 EPS for the current year.

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About Echo Global Logistics

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.

Institutional Ownership by Quarter for Echo Global Logistics (NASDAQ:ECHO)

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