Parametric Portfolio Associates LLC acquired a new stake in shares of CommerceHub, Inc. (NASDAQ:CHUBK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,305 shares of the company’s stock, valued at approximately $720,000. Parametric Portfolio Associates LLC owned about 0.10% of CommerceHub as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of CHUBK. Public Employees Retirement Association of Colorado bought a new stake in CommerceHub during the second quarter valued at about $100,000. First Manhattan Co. bought a new stake in CommerceHub during the second quarter valued at about $105,000. Legal & General Group Plc bought a new stake in CommerceHub during the second quarter valued at about $134,000. Markston International LLC bought a new stake in CommerceHub during the second quarter valued at about $182,000. Finally, Teton Advisors Inc. bought a new stake in CommerceHub during the second quarter valued at about $262,000. Institutional investors own 49.33% of the company’s stock.
CommerceHub, Inc. (NASDAQ:CHUBK) traded up $0.47 during midday trading on Thursday, hitting $21.01. The stock had a trading volume of 188,108 shares, compared to its average volume of 137,252. The company has a market capitalization of $916.53 and a price-to-earnings ratio of 68.70. CommerceHub, Inc. has a 1 year low of $13.73 and a 1 year high of $22.50.
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CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
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