Los Angeles Capital Management & Equity Research Inc. cut its position in shares of On Assignment, Inc. (NASDAQ:ASGN) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,360 shares of the company’s stock after selling 125 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in On Assignment were worth $235,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Copper Rock Capital Partners LLC acquired a new position in shares of On Assignment during the second quarter worth $22,004,000. PNC Financial Services Group Inc. increased its position in shares of On Assignment by 47.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,126,058 shares of the company’s stock worth $41,609,000 after buying an additional 360,555 shares during the period. Bank of Montreal Can acquired a new position in shares of On Assignment during the second quarter worth $10,372,000. Emerald Acquisition Ltd. acquired a new position in shares of On Assignment during the second quarter worth $5,632,000. Finally, Dana Investment Advisors Inc. acquired a new position in shares of On Assignment during the second quarter worth $1,826,000.
Shares of On Assignment, Inc. (NASDAQ:ASGN) traded down 0.55% during midday trading on Friday, hitting $35.85. The stock had a trading volume of 293,105 shares. The company has a market cap of $1.91 billion and a price-to-earnings ratio of 21.85. The stock’s 50-day moving average price is $37.15 and its 200 day moving average price is $36.84. On Assignment, Inc. has a 52 week low of $29.34 and a 52 week high of $51.00.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The business earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. During the same period in the previous year, the business posted $0.61 EPS. On Assignment’s revenue was up 25.3% compared to the same quarter last year. On average, equities analysts forecast that On Assignment, Inc. will post $3.11 earnings per share for the current year.
A number of brokerages have recently issued reports on ASGN. Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a report on Wednesday, June 8th. Deutsche Bank AG began coverage on On Assignment in a report on Wednesday, August 17th. They set a “buy” rating and a $44.00 price objective for the company. Finally, BMO Capital Markets restated a “buy” rating and set a $45.00 price objective on shares of On Assignment in a report on Wednesday, September 7th.
In related news, CEO Peter T. Dameris sold 23,537 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total value of $868,044.56. Following the transaction, the chief executive officer now owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Mcgowan sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total transaction of $148,680.00. Following the completion of the transaction, the chief operating officer now directly owns 213,106 shares in the company, valued at approximately $7,921,150.02. The disclosure for this sale can be found here.
On Assignment Company Profile
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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