Athene Holding Ltd (NYSE:ATH) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 4,880,000 shares, a decrease of 13.8% from the December 15th total of 5,660,000 shares. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 3.6% of the shares of the company are short sold.
Athene stock traded down $0.13 during mid-day trading on Tuesday, hitting $47.73. 36,533 shares of the company were exchanged, compared to its average volume of 1,086,399. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $46.14 and a 200 day moving average of $42.64. Athene has a 1-year low of $36.00 and a 1-year high of $48.12. The company has a market capitalization of $8.83 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.
Athene (NYSE:ATH) last released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.44). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.31 billion. Athene had a return on equity of 10.45% and a net margin of 11.56%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 earnings per share. Research analysts expect that Athene will post 6.5 earnings per share for the current year.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Athene from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 7th. ValuEngine lowered Athene from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. TheStreet upgraded Athene from a “c” rating to a “b-” rating in a research note on Monday, December 9th. Wells Fargo & Co dropped their price objective on Athene from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Finally, UBS Group dropped their price objective on Athene from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $53.00.
In related news, Director Robert L. Borden sold 3,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $44.35, for a total value of $133,050.00. Following the completion of the transaction, the director now directly owns 20,012 shares in the company, valued at $887,532.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank Lauren Gillis sold 10,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the transaction, the insider now owns 137,817 shares of the company’s stock, valued at $6,048,788.13. The disclosure for this sale can be found here. Corporate insiders own 7.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC acquired a new stake in Athene in the 2nd quarter valued at approximately $113,393,000. Viking Global Investors LP bought a new position in shares of Athene during the 2nd quarter worth approximately $66,940,000. AQR Capital Management LLC boosted its stake in shares of Athene by 13.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,305,711 shares of the insurance provider’s stock worth $225,970,000 after acquiring an additional 613,278 shares during the period. Nomura Holdings Inc. bought a new position in shares of Athene during the 3rd quarter worth approximately $20,137,000. Finally, York Capital Management Global Advisors LLC bought a new position in shares of Athene during the 2nd quarter worth approximately $19,377,000. Institutional investors own 69.50% of the company’s stock.
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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