Athene Holding Ltd (NYSE:ATH) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 4,880,000 shares, a decrease of 13.8% from the December 15th total of 5,660,000 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is presently 3.4 days.
ATH has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Athene from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 7th. TheStreet raised shares of Athene from a “c” rating to a “b-” rating in a research note on Monday, December 9th. ValuEngine downgraded Athene from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Wells Fargo & Co lowered their target price on Athene from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. Finally, UBS Group lowered their target price on Athene from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $53.00.
NYSE:ATH traded down $0.52 on Wednesday, reaching $46.93. 17,180 shares of the stock traded hands, compared to its average volume of 988,044. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07. Athene has a 1-year low of $36.00 and a 1-year high of $48.12. The company’s 50 day moving average is $46.20 and its 200-day moving average is $42.67. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.
In other news, Director Lawrence Ruisi sold 8,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $47.83, for a total transaction of $382,640.00. Following the sale, the director now directly owns 52,125 shares in the company, valued at $2,493,138.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank Lauren Gillis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the transaction, the insider now directly owns 137,817 shares of the company’s stock, valued at approximately $6,048,788.13. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock valued at $954,590 over the last quarter. Company insiders own 7.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in ATH. World Asset Management Inc lifted its stake in Athene by 4.8% in the third quarter. World Asset Management Inc now owns 5,282 shares of the insurance provider’s stock valued at $222,000 after buying an additional 242 shares during the period. Synovus Financial Corp lifted its position in shares of Athene by 3.5% during the 3rd quarter. Synovus Financial Corp now owns 7,120 shares of the insurance provider’s stock valued at $301,000 after acquiring an additional 243 shares during the period. Toronto Dominion Bank lifted its position in shares of Athene by 1.3% during the 2nd quarter. Toronto Dominion Bank now owns 34,239 shares of the insurance provider’s stock valued at $1,474,000 after acquiring an additional 426 shares during the period. Parallel Advisors LLC boosted its stake in Athene by 12.0% during the third quarter. Parallel Advisors LLC now owns 5,858 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 627 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Athene by 15.2% during the third quarter. Signaturefd LLC now owns 7,905 shares of the insurance provider’s stock worth $332,000 after acquiring an additional 1,045 shares in the last quarter. 69.50% of the stock is owned by institutional investors and hedge funds.
Athene Company Profile
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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