CommerceHub, Inc. (CHUBK) Position Lifted by Punch & Associates Investment Management Inc.
Punch & Associates Investment Management Inc. boosted its holdings in CommerceHub, Inc. (NASDAQ:CHUBK) by 0.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,895 shares of the company’s stock after purchasing an additional 235 shares during the period. Punch & Associates Investment Management Inc. owned about 0.95% of CommerceHub worth $7,166,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of CHUBK. Locust Wood Capital Advisers LLC bought a new position in CommerceHub during the 2nd quarter valued at $11,835,000. Davis Selected Advisers acquired a new position in CommerceHub during the 2nd quarter worth $3,218,000. Spark Investment Management LLC acquired a new position in CommerceHub during the 2nd quarter worth $3,278,000. Eos Focused Equity Management L.P. acquired a new position in CommerceHub during the 2nd quarter worth $3,862,000. Finally, Royce & Associates LP bought a new stake in shares of CommerceHub in the 2nd quarter worth about $872,000. 52.57% of the stock is owned by hedge funds and other institutional investors.
CommerceHub, Inc. (NASDAQ CHUBK) traded up 1.41% during midday trading on Monday, hitting $21.65. 65,644 shares of the stock traded hands. The stock has a market cap of $936.34 million and a PE ratio of 87.65. CommerceHub, Inc. has a 1-year low of $13.42 and a 1-year high of $22.27. The company has a 50-day moving average of $21.70 and a 200-day moving average of $21.70.
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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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