Ardmore Shipping (ASC) Reaches $8.07 After 9.00% Up Move; Glenview Capital Management Increased Its Anthem (ANTM) Position

Glenview Capital Management Llc increased Anthem Inc (ANTM) stake by 4.95% reported in 2016Q4 SEC filing. Glenview Capital Management Llc acquired 276,807 shares as Anthem Inc (ANTM)’s stock rose 16.98%. The Glenview Capital Management Llc holds 5.87 million shares with $844.51 million value, up from 5.60 million last quarter. Anthem Inc now has $44.48 billion valuation. The stock rose 0.13% or $0.22 reaching $166.14 per share. About 485,320 shares traded. Anthem Inc (NYSE:ANTM) has risen 32.65% since August 31, 2016 and is uptrending. It has outperformed by 24.06% the S&P500.

The stock of Ardmore Shipping Corp (NYSE:ASC) is a huge mover today! About 86,163 shares traded. Ardmore Shipping Corp (NYSE:ASC) has risen 8.03% since August 31, 2016 and is uptrending. It has underperformed by 0.56% the S&P500.The move comes after 6 months positive chart setup for the $272.87 million company. It was reported on Apr, 7 by Barchart.com. We have $8.80 PT which if reached, will make NYSE:ASC worth $24.56M more.

Analysts await Ardmore Shipping Corp (NYSE:ASC) to report earnings on May, 3. They expect $-0.11 EPS, down 142.31% or $0.37 from last year’s $0.26 per share. After $-0.11 actual EPS reported by Ardmore Shipping Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 7 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Ardmore Shipping Corporation had 9 analyst reports since October 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, December 15 by Deutsche Bank. The stock of Ardmore Shipping Corp (NYSE:ASC) has “Equal-Weight” rating given on Thursday, August 25 by Morgan Stanley. The company was upgraded on Friday, July 1 by ABN Amro. The firm has “Buy” rating by Jefferies given on Wednesday, July 27. On Wednesday, May 4 the stock rating was reinitiated by Seaport Global with “Buy”. Seaport Global upgraded Ardmore Shipping Corp (NYSE:ASC) on Thursday, November 5 to “Speculative Buy” rating. JP Morgan maintained it with “Overweight” rating and $15 target in Thursday, April 7 report.

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The company has market cap of $272.87 million. The Company’s segment relates to the activities of its vessels. It has a 39.07 P/E ratio. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.