Swift Run Capital Management LLC Reduces Position in CommerceHub Inc (CHUBK)

Swift Run Capital Management LLC lessened its stake in CommerceHub Inc (NASDAQ:CHUBK) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 233,272 shares of the company’s stock after selling 6,380 shares during the period. CommerceHub comprises approximately 3.0% of Swift Run Capital Management LLC’s portfolio, making the stock its 15th largest position. Swift Run Capital Management LLC owned 0.54% of CommerceHub worth $4,803,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CHUBK. Schwab Charles Investment Management Inc. acquired a new stake in CommerceHub in the 2nd quarter valued at approximately $1,888,000. Swiss National Bank acquired a new stake in CommerceHub in the 2nd quarter valued at approximately $824,000. Wells Fargo & Company MN acquired a new stake in CommerceHub in the 2nd quarter valued at approximately $989,000. Teachers Advisors LLC acquired a new stake in CommerceHub in the 2nd quarter valued at approximately $1,387,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in CommerceHub in the 2nd quarter valued at approximately $1,875,000. Hedge funds and other institutional investors own 49.35% of the company’s stock.

Separately, BidaskClub downgraded shares of CommerceHub from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd.

CommerceHub Inc (NASDAQ CHUBK) opened at $19.04 on Friday. The company has a market cap of $812.16, a price-to-earnings ratio of 68.00 and a beta of -0.84. CommerceHub Inc has a 12 month low of $14.85 and a 12 month high of $22.50.

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CommerceHub Company Profile

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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Institutional Ownership by Quarter for CommerceHub (NASDAQ:CHUBK)

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