Elliott Associates is Buying Advisory Board Co. (NASDAQ:ABCO) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Advisory Board Co. (NASDAQ:ABCO) reported that Elliott Associates, L.p. has picked up 649,898  of common stock as of 2017-03-03.

The acquisition brings the aggregate amount owned by Elliott Associates, L.p. to a total of 649,898 representing a 1.6% stake in the company.

For those not familiar with the company, The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company’s healthcare programs address a range of clinical and business issues, including physician alignment and engagement, network management and growth strategy, value-based care and population health, revenue cycle, clinical operations and supply chain. Its higher education programs support colleges and universities in enrollment management; academic programming and student learning; faculty recruitment and retention; student advising and success; alumni affairs and advancement, and college and university operations. The Company offers distinct membership programs, across four areas, which include best practices research and insight, performance technology software, consulting and management services, and data- and tech-enabled services. Its best practices research and insight programs provide the foundation for all of its other programs.

A glance at Advisory Board Co. (NASDAQ:ABCO)’s key stats reveals a current market capitalization of 1.78 Billion based on 40.14 Million shares outstanding and a price at last close of $45.00 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-31, Kindick picked up 5,000 at a purchase price of $32.81. This brings their total holding to 22,662 as of the date of the filing.

On the sell side, the most recent transaction saw Miller unload 750 shares at a sale price of $45.16. This brings their total holding to 17,487.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Advisory Board Co. (NASDAQ:ABCO) as things move forward to see if its progress aligns with these transactions.

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