Evercore ISI Group took its Athene Holding [ATH] rating to the equivalent of In-Line from Outperform, in a research note dated 2021-01-08. Other analysts also revised their coverage, with RBC Capital Mkts’s analysts downgrading the shares from “an Outperform” rating to “a Sector perform” rating in a research note to investors issued in mid March.
Is Athene Holding Ltd. [NYSE:ATH] a Good Buy Right Now?
It should be noted that ATH technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 80% Buy in the last week and compares with 88% Buy in the past month. Data from Athene Holding Ltd.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 1.17 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.23 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.28 million shares.
ATH Price Performance
On Wall Street, Athene Holding Ltd. [NYSE:ATH] finished Thursday’s session up 0.43% at $46.21. The stock went up to $46.85 at the same session while its lowest single day price was $45.94. In the last five days, it saw a rise of about 8.70%, Athene Holding Ltd. shares gained by almost 7.12% since the beginning of the year. However, the share price has dropped to as low as -8.37% below its one year high. On 01/07/21, the company shares recorded $46.85, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $41.61. The company’s shares have declined by -2.12% in the past year. The 50-day SMA achieved is $41.42 while the 200-day SMA is $34.03. Volume gained to 2.04 million from 1.85 million in the previous session.
Athene Holding Ltd. [ATH] Valuation Measures
Notably, Athene Holding Ltd. [ATH] stock can be classified as a good candidate in the listing of underestimated low-priced Insurance – Diversified companies to purchase soonest possible with the prevailing 12-month PE ratio of 10.76. The measure means the stock is exchanging at a discount as compared to the 13.51x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.89 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 1.07 which means ATH serve an attractive investment opportunity compared to its competitors.
ATH Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 45.82 level, and in case of violation of this particular level, it will cause more drop to 45.42 level. On the upper level, 47.24 is still the key resistance. The stock may increase to the subsequent resistance at 46.73. The Relative Strength Index (RSI) pinned on the 14-day chart is 66.75, implying a neutral technical stance while the MACD stands at 2.26, meaning price will increase in the next trading period. Percent R indicator moved to 10.76%, implying bullish price movement. Stochastic %K at 83.26% suggest selling the stock.
What is the short interest in Athene Holding Ltd.?
Short interest in the Athene Holding Ltd. stock has surged, increasing by 0.54 million shares to total 4.16 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.7 million, data from Yahoo Finance shows. The decrease of -12.98% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.23% of the overall float for the stock.
Athene Holding Ltd.’s Biggest Shareholders: Who Owns Athene Holding Ltd. [ATH]?
Filings by Wellington Management Co. LLP showed that the firm now holds a total of 15,006,395 shares or roughly 7.84% of the outstanding ATH shares. This means their shares have increased by 380,385 from the 15,006,395 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $641,698,509. Details in the latest 13F filings reveal that Invesco Advisers, Inc. disposed off their -16.18% stake valued at $402,362,182 while Samlyn Capital LLC added theirs at $356,101,894. During the last quarter, Invesco Advisers, Inc. liquidated -1,751,403 of its shares in Athene Holding Ltd. while Samlyn Capital LLC bought 1,790,344 shares. The BlackRock Fund Advisors’s holdings currently number 5,128,219 shares at $236974999.99. According to the firm’s last 13F report, Luxor Capital Group LP shares in the company at filing stood at 4,661,162 shares, roughly $206,722,535.
ATH Earnings Forecast For The Current Quarter
Athene Holding Ltd. [ATH] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.44B and an earnings per share of $1.55 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.48B at an EPS of $1.79 for Mar 2021. The estimates represent upside of 19.00% and 59.01% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
ATH Earnings Estimates For The Current Year
For the financial year, Athene Holding Ltd. [NYSE:ATH] is expected to bring in revenue of $5.18B. The returns are nearly $0.0 lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 5.11, lower than that of FY19 by -$1.86. Estimates put this year’s earnings growth at -26.70%, 56.20% for the next, and at an annual 9.07% over the next 5-year period. As for sales, forecasts are for a decrease of -0.10% in the current fiscal year and a further 19.00% over the following year.