Echo Global Logistics, Inc. (NASDAQ:ECHO) saw some unusual options trading on Thursday. Investors acquired 1,269 call options on the company. This is an increase of approximately 1,411% compared to the typical daily volume of 84 call options.

Echo Global Logistics (NASDAQ ECHO) opened at $28.55 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.40 and a current ratio of 1.40. Echo Global Logistics has a 12-month low of $13.00 and a 12-month high of $28.95. The stock has a market capitalization of $825.68, a P/E ratio of -219.62, a P/E/G ratio of 3.20 and a beta of 1.55.

Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Echo Global Logistics had a positive return on equity of 3.29% and a negative net margin of 0.20%. The firm had revenue of $509.50 million during the quarter, compared to the consensus estimate of $473.44 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. analysts predict that Echo Global Logistics will post 0.49 earnings per share for the current fiscal year.

ECHO has been the subject of a number of research reports. Cowen reiterated a “buy” rating and set a $19.00 price target on shares of Echo Global Logistics in a research report on Friday, September 1st. ValuEngine downgraded shares of Echo Global Logistics from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 price target on shares of Echo Global Logistics in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co lifted their price target on shares of Echo Global Logistics from $19.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Echo Global Logistics currently has an average rating of “Hold” and a consensus price target of $23.89.

In other Echo Global Logistics news, CFO Kyle Sauers sold 20,000 shares of Echo Global Logistics stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $23.92, for a total value of $478,400.00. Following the sale, the chief financial officer now owns 65,919 shares of the company’s stock, valued at approximately $1,576,782.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Samuel K. Skinner sold 120,000 shares of Echo Global Logistics stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $23.51, for a total value of $2,821,200.00. Following the completion of the sale, the director now directly owns 24,346 shares in the company, valued at approximately $572,374.46. The disclosure for this sale can be found here. Insiders sold a total of 253,660 shares of company stock worth $6,035,871 in the last ninety days. 8.10% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Granahan Investment Management Inc. MA raised its position in shares of Echo Global Logistics by 1,669.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 840,893 shares of the transportation company’s stock worth $15,851,000 after purchasing an additional 793,366 shares during the last quarter. Stifel Financial Corp raised its position in shares of Echo Global Logistics by 13.3% during the 3rd quarter. Stifel Financial Corp now owns 26,637 shares of the transportation company’s stock worth $508,000 after purchasing an additional 3,128 shares during the last quarter. Elk Creek Partners LLC raised its position in shares of Echo Global Logistics by 50.3% during the 3rd quarter. Elk Creek Partners LLC now owns 620,013 shares of the transportation company’s stock worth $11,687,000 after purchasing an additional 207,557 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Echo Global Logistics by 9.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,984,863 shares of the transportation company’s stock worth $37,414,000 after purchasing an additional 177,818 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Echo Global Logistics by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 228,347 shares of the transportation company’s stock worth $4,305,000 after purchasing an additional 10,534 shares during the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

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Echo Global Logistics Company 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.

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