Amber Road Inc (AMBR) Stake Increased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its position in shares of Amber Road Inc (NYSE:AMBR) by 29.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,200 shares of the software maker’s stock after purchasing an additional 35,000 shares during the period. Kornitzer Capital Management Inc. KS owned 0.56% of Amber Road worth $1,474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMBR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Amber Road in the 2nd quarter valued at $157,000. Engineers Gate Manager LP bought a new stake in Amber Road in the 3rd quarter valued at $190,000. Lapides Asset Management LLC bought a new stake in Amber Road in the 3rd quarter valued at $327,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Amber Road in the 3rd quarter valued at $346,000. Finally, Dupont Capital Management Corp bought a new stake in Amber Road in the 2nd quarter valued at $378,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

In other Amber Road news, CEO James W. Preuninger sold 30,000 shares of Amber Road stock in a transaction on Friday, November 16th. The shares were sold at an average price of $8.96, for a total value of $268,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,721,057 shares of the company’s stock, valued at approximately $15,420,670.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James W. Preuninger sold 20,000 shares of Amber Road stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $9.00, for a total transaction of $180,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,681,057 shares of the company’s stock, valued at $15,129,513. The disclosure for this sale can be found here. Insiders sold a total of 181,843 shares of company stock valued at $1,649,656 over the last three months. Corporate insiders own 15.10% of the company’s stock.

A number of brokerages have issued reports on AMBR. Zacks Investment Research downgraded shares of Amber Road from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine upgraded shares of Amber Road from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Amber Road currently has a consensus rating of “Buy” and a consensus target price of $11.75.

Shares of NYSE AMBR opened at $8.20 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $227.90 million, a price-to-earnings ratio of -17.45 and a beta of 0.35. Amber Road Inc has a 52-week low of $6.71 and a 52-week high of $10.41.

Amber Road (NYSE:AMBR) last announced its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Amber Road had a negative net margin of 11.67% and a negative return on equity of 34.61%. The company had revenue of $22.20 million for the quarter, compared to the consensus estimate of $21.71 million. During the same period in the previous year, the firm posted ($0.02) EPS. Amber Road’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Amber Road Inc will post -0.37 earnings per share for the current year.

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Amber Road Company Profile

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

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Institutional Ownership by Quarter for Amber Road (NYSE:AMBR)

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