Levin Capital Strategies L.P. Reduces Stake in Amber Road Inc (AMBR)

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Levin Capital Strategies L.P. trimmed its position in Amber Road Inc (NYSE:AMBR) by 25.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 84,628 shares of the software maker’s stock after selling 28,925 shares during the period. Levin Capital Strategies L.P. owned 0.31% of Amber Road worth $814,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Amber Road by 59.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock valued at $160,000 after acquiring an additional 6,643 shares during the last quarter. Gagnon Advisors LLC lifted its stake in shares of Amber Road by 1.3% in the 2nd quarter. Gagnon Advisors LLC now owns 671,219 shares of the software maker’s stock valued at $6,316,000 after acquiring an additional 8,853 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Amber Road in the 1st quarter valued at $120,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Amber Road in the 2nd quarter valued at $157,000. Finally, Penbrook Management LLC lifted its stake in shares of Amber Road by 27.9% in the 2nd quarter. Penbrook Management LLC now owns 91,800 shares of the software maker’s stock valued at $864,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors own 67.92% of the company’s stock.

In related news, insider Nathan Pieri sold 4,920 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $8.94, for a total transaction of $43,984.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James W. Preuninger sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $8.52, for a total value of $85,200.00. Following the transaction, the chief executive officer now directly owns 1,751,057 shares of the company’s stock, valued at $14,919,005.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,545 shares of company stock valued at $878,917. 15.10% of the stock is owned by corporate insiders.

Shares of NYSE:AMBR opened at $8.90 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69. Amber Road Inc has a 12-month low of $6.14 and a 12-month high of $10.41.

Amber Road (NYSE:AMBR) last announced its earnings results on Tuesday, August 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The business had revenue of $21.06 million during the quarter, compared to analyst estimates of $20.83 million. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. On average, analysts expect that Amber Road Inc will post -0.4 EPS for the current fiscal year.

A number of research analysts have recently commented on AMBR shares. ValuEngine upgraded Amber Road from a “hold” rating to a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, August 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.75.

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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