Shapiro Capital Management LLC Has $45.62 Million Holdings in ChannelAdvisor Corp (ECOM)

Shapiro Capital Management LLC decreased its holdings in shares of ChannelAdvisor Corp (NYSE:ECOM) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,019,269 shares of the software maker’s stock after selling 33,041 shares during the quarter. Shapiro Capital Management LLC owned about 0.15% of ChannelAdvisor worth $45,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ECOM. Northern Trust Corp lifted its stake in ChannelAdvisor by 2.1% during the second quarter. Northern Trust Corp now owns 320,067 shares of the software maker’s stock worth $4,497,000 after purchasing an additional 6,441 shares during the period. JPMorgan Chase & Co. lifted its stake in ChannelAdvisor by 137.6% during the third quarter. JPMorgan Chase & Co. now owns 132,916 shares of the software maker’s stock worth $1,655,000 after purchasing an additional 76,980 shares during the period. BlackRock Inc. lifted its stake in ChannelAdvisor by 0.6% during the third quarter. BlackRock Inc. now owns 1,705,886 shares of the software maker’s stock worth $21,238,000 after purchasing an additional 9,334 shares during the period. Globeflex Capital L P bought a new position in ChannelAdvisor during the third quarter worth about $147,000. Finally, Trexquant Investment LP bought a new position in ChannelAdvisor during the third quarter worth about $139,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

NYSE:ECOM opened at $12.29 on Friday. ChannelAdvisor Corp has a 1 year low of $8.75 and a 1 year high of $15.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $336.10 million, a PE ratio of -47.27 and a beta of 0.12.

ChannelAdvisor (NYSE:ECOM) last posted its earnings results on Wednesday, February 13th. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.17. ChannelAdvisor had a negative net margin of 5.79% and a negative return on equity of 8.01%. The company had revenue of $34.79 million during the quarter, compared to analysts’ expectations of $34.70 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. ChannelAdvisor’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that ChannelAdvisor Corp will post -0.21 EPS for the current year.

ECOM has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, February 20th. ValuEngine upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.67.

In other news, insider M Scot Wingo sold 50,000 shares of ChannelAdvisor stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $12.63, for a total value of $631,500.00. Following the completion of the transaction, the insider now owns 643,024 shares in the company, valued at $8,121,393.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 66,583 shares of company stock valued at $835,596 in the last quarter. 7.80% of the stock is currently owned by corporate insiders.

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ChannelAdvisor Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

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Institutional Ownership by Quarter for ChannelAdvisor (NYSE:ECOM)

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