Atlas Financial Holdings, Inc. (AFH) Given Consensus Rating of “Hold” by Brokerages

Shares of Atlas Financial Holdings, Inc. (NASDAQ:AFH) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.00.

Several research firms recently commented on AFH. Boenning Scattergood reissued a “buy” rating on shares of Atlas Financial Holdings in a research note on Tuesday, August 8th. Zacks Investment Research cut Atlas Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised Atlas Financial Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, TheStreet raised Atlas Financial Holdings from a “c” rating to a “b-” rating in a research note on Friday, August 18th.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/28/atlas-financial-holdings-inc-afh-given-consensus-rating-of-hold-by-brokerages.html.

In related news, insider Kingsway America Inc sold 5,101 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $17.23, for a total transaction of $87,890.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 100,000 shares of company stock valued at $1,665,780 over the last three months. 12.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. lifted its holdings in Atlas Financial Holdings by 1.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 690,709 shares of the insurance provider’s stock worth $10,292,000 after buying an additional 7,190 shares during the last quarter. State Street Corp lifted its holdings in Atlas Financial Holdings by 5.5% during the 2nd quarter. State Street Corp now owns 166,521 shares of the insurance provider’s stock worth $2,479,000 after buying an additional 8,738 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Atlas Financial Holdings during the 2nd quarter worth about $151,000. Dimensional Fund Advisors LP lifted its holdings in Atlas Financial Holdings by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 268,143 shares of the insurance provider’s stock worth $3,995,000 after buying an additional 64,629 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Atlas Financial Holdings during the 2nd quarter worth about $161,000. 79.06% of the stock is owned by institutional investors.

Shares of Atlas Financial Holdings (NASDAQ AFH) traded up 1.55% during trading on Thursday, reaching $19.70. The company’s stock had a trading volume of 16,221 shares. The stock has a 50 day moving average of $18.29 and a 200-day moving average of $15.55. The company has a market capitalization of $236.99 million, a PE ratio of 79.76 and a beta of 0.89. Atlas Financial Holdings has a 1-year low of $12.15 and a 1-year high of $20.35.

Atlas Financial Holdings (NASDAQ:AFH) last issued its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.30. Atlas Financial Holdings had a negative return on equity of 3.32% and a net margin of 1.67%. The business had revenue of $55.70 million during the quarter, compared to analysts’ expectations of $58.50 million. On average, analysts expect that Atlas Financial Holdings will post $1.65 earnings per share for the current year.

Atlas Financial Holdings Company Profile

Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada-based company. It is engaged in the business of providing commercial automobile insurance in the United States with a niche market orientation. The Company’s automobile insurance products provide coverage in three areas: liability, accident benefits and physical damage.

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

Leave a Reply