Athene Holding Ltd (NYSE:ATH) Short Interest Update

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.

Athene (NYSE:ATH) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.44). Athene had a return on equity of 10.45% and a net margin of 11.56%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $1.90 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts forecast that Athene will post 6.5 EPS for the current fiscal year.

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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