Carillon Tower Advisers Inc. Purchases 101,109 Shares of InnerWorkings, Inc. (INWK)

Carillon Tower Advisers Inc. lifted its position in shares of InnerWorkings, Inc. (NASDAQ:INWK) by 26.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 490,720 shares of the business services provider’s stock after acquiring an additional 101,109 shares during the quarter. Carillon Tower Advisers Inc. owned approximately 0.94% of InnerWorkings worth $3,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INWK. Trexquant Investment LP bought a new position in shares of InnerWorkings in the third quarter worth $113,000. Eagle Boston Investment Management Inc. increased its holdings in shares of InnerWorkings by 4.9% in the third quarter. Eagle Boston Investment Management Inc. now owns 1,290,089 shares of the business services provider’s stock worth $10,217,000 after purchasing an additional 59,752 shares during the period. Alliancebernstein L.P. increased its holdings in shares of InnerWorkings by 72.5% in the third quarter. Alliancebernstein L.P. now owns 48,830 shares of the business services provider’s stock worth $387,000 after purchasing an additional 20,530 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of InnerWorkings by 36.0% in the third quarter. JPMorgan Chase & Co. now owns 34,457 shares of the business services provider’s stock worth $273,000 after purchasing an additional 9,125 shares during the period. Finally, Stone Ridge Asset Management LLC increased its holdings in shares of InnerWorkings by 14.7% in the third quarter. Stone Ridge Asset Management LLC now owns 76,947 shares of the business services provider’s stock worth $609,000 after purchasing an additional 9,863 shares during the period. 84.48% of the stock is currently owned by institutional investors.

INWK has been the topic of several research analyst reports. BidaskClub raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Barrington Research reaffirmed a “hold” rating on shares of InnerWorkings in a report on Wednesday, August 22nd. ValuEngine raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Saturday, September 1st. Zacks Investment Research cut shares of InnerWorkings from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 17th. Finally, TheStreet cut shares of InnerWorkings from a “c-” rating to a “d” rating in a report on Wednesday, November 28th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. InnerWorkings presently has a consensus rating of “Hold” and an average target price of $11.33.

InnerWorkings stock opened at $4.22 on Monday. The firm has a market capitalization of $218.52 million, a PE ratio of 46.89, a PEG ratio of 1.21 and a beta of 1.59. InnerWorkings, Inc. has a fifty-two week low of $3.93 and a fifty-two week high of $11.04. The company has a current ratio of 1.60, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). InnerWorkings had a positive return on equity of 1.83% and a negative net margin of 4.03%. The firm had revenue of $270.85 million during the quarter, compared to the consensus estimate of $294.87 million. As a group, sell-side analysts anticipate that InnerWorkings, Inc. will post 0.18 earnings per share for the current year.

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InnerWorkings Company Profile

InnerWorkings, Inc provides marketing execution solutions in North America and internationally. The company's software applications and databases create an integrated solution that stores, analyzes, and tracks the production capabilities of its supplier network, as well as detailed pricing data.

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Institutional Ownership by Quarter for InnerWorkings (NASDAQ:INWK)

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