SG Americas Securities LLC boosted its position in Echo Global Logistics, Inc. (NASDAQ:ECHO) by 22.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,894 shares of the transportation company’s stock after purchasing an additional 1,266 shares during the period. SG Americas Securities LLC’s holdings in Echo Global Logistics were worth $137,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ECHO. Teachers Advisors LLC lifted its stake in Echo Global Logistics by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 52,210 shares of the transportation company’s stock valued at $1,308,000 after purchasing an additional 1,608 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Echo Global Logistics by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the transportation company’s stock valued at $237,000 after purchasing an additional 100 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Echo Global Logistics by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 38,106 shares of the transportation company’s stock valued at $812,000 after purchasing an additional 2,398 shares during the last quarter. State of Tennessee Treasury Department lifted its stake in Echo Global Logistics by 26.1% in the first quarter. State of Tennessee Treasury Department now owns 25,831 shares of the transportation company’s stock valued at $551,000 after purchasing an additional 5,348 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in Echo Global Logistics by 4.8% in the first quarter. Keybank National Association OH now owns 20,123 shares of the transportation company’s stock valued at $430,000 after purchasing an additional 920 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

Several equities analysts recently commented on ECHO shares. Stifel Nicolaus reiterated a “buy” rating on shares of Echo Global Logistics in a research note on Wednesday, July 19th. Cowen and Company reiterated a “buy” rating and issued a $19.00 price objective on shares of Echo Global Logistics in a research note on Friday, September 1st. Morgan Stanley downgraded Echo Global Logistics from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $26.00 to $14.00 in a research note on Monday, August 7th. ValuEngine upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.38.

Shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) opened at 18.10 on Monday. The firm’s 50 day moving average price is $14.78 and its 200 day moving average price is $18.34. The stock’s market cap is $516.47 million. Echo Global Logistics, Inc. has a 52-week low of $13.00 and a 52-week high of $28.90.

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

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Echo Global Logistics 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.

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

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