Gamco Investors INC. ET AL trimmed its stake in CommerceHub Inc (NASDAQ:CHUBA) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 113,607 shares of the technology company’s stock after selling 5,758 shares during the quarter. Gamco Investors INC. ET AL’s holdings in CommerceHub were worth $2,498,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHUBA. FMR LLC acquired a new position in CommerceHub in the second quarter valued at $28,465,000. Vanguard Group Inc. acquired a new position in CommerceHub in the second quarter valued at $18,087,000. Pembroke Management LTD increased its stake in CommerceHub by 2.6% in the third quarter. Pembroke Management LTD now owns 911,782 shares of the technology company’s stock valued at $20,579,000 after purchasing an additional 23,100 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in CommerceHub in the third quarter valued at $11,072,000. Finally, RK Capital Management LLC acquired a new position in CommerceHub in the third quarter valued at $7,074,000. 28.29% of the stock is owned by institutional investors.

Shares of CommerceHub Inc (CHUBA) opened at $18.13 on Monday. CommerceHub Inc has a 1 year low of $14.94 and a 1 year high of $24.53. The firm has a market capitalization of $785.30, a PE ratio of 60.43, a PEG ratio of 2.44 and a beta of -1.16.

Several equities analysts recently commented on the company. BidaskClub lowered CommerceHub from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. CIBC assumed coverage on CommerceHub in a research note on Friday, December 22nd. They set a “market perform” rating for the company. Zacks Investment Research upgraded CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, November 14th. Dougherty & Co assumed coverage on CommerceHub in a research note on Tuesday, October 31st. They set a “buy” rating and a $27.00 price target for the company. Finally, Oppenheimer assumed coverage on CommerceHub in a research note on Friday, December 22nd. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. CommerceHub has an average rating of “Hold” and an average target price of $26.17.

ILLEGAL ACTIVITY NOTICE: “Gamco Investors INC. ET AL Has $2.50 Million Stake in CommerceHub Inc (CHUBA)” was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/gamco-investors-inc-et-al-has-2-50-million-stake-in-commercehub-inc-chuba/1860910.html.

About CommerceHub

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.

Want to see what other hedge funds are holding CHUBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommerceHub Inc (NASDAQ:CHUBA).

Institutional Ownership by Quarter for CommerceHub (NASDAQ:CHUBA)

Receive News & Ratings for CommerceHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommerceHub and related companies with MarketBeat.com's FREE daily email newsletter.