Royce & Associates LP Trims Holdings in Central Garden & Pet… – MarketBeat
Royce & Associates LP reduced its holdings in shares of Central Backyard & Pet ( NASDAQ: CENTA – Get Rating ) by 53. 7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61, 204 shares of the company’s stock after selling 71, 100 shares during the quarter. Royce & Associates LP owned 0. 11% of Central Garden & Pet worth $2, 091, 000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in CENTA. PNC Financial Services Group Inc. lifted its stake in Central Garden & Pet by 44. 5% during the first one fourth. PNC Financial Services Group Inc. now owns 12, 340 shares of the company’s stock worth $503, 000 after purchasing an additional 3, 801 shares during the last quarter. Natixis Advisors L. P. bought a new position in Central Garden & Pet during the first quarter worth $455, 000. MetLife Investment Management LLC lifted its stake in Central Garden & Pet by 58. 2% during the first quarter. MetLife Investment Management LLC now owns 21, 193 shares of the company’s stock worth $864, 000 after purchasing an additional 7, 797 stocks during the last quarter. Rhumbline Advisers lifted its stake in Central Garden & Dog by 1 . 1% throughout the first quarter. Rhumbline Agents now owns 113, 324 shares of the company’s share worth $4, 621, 500 after purchasing an additional 1, 242 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its risk in Central Garden & Pet by 11. 8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS right now owns 36, 296 gives of the company’s stock really worth $1, 480, 000 right after purchasing an additional 3, 823 shares during the last quarter. 69. 21% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Main Garden & Pet news, insider John D. Walker III sold 3, 400 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $38. 73, for a total transaction of $131, 682. 00. Following the completion of the sale, the insider today directly owns 88, 272 shares in the company, valued at approximately $3, 418, 774. 56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Corporate insiders own 20. 28% of the company’s share.
Central Garden & Pet Trading Down 1 . 3 %
NASDAQ: CENTA opened at $38. 75 on Wednesday. The company has a quick ratio of 1. 32, a current ratio of 3. 34 and a debt-to-equity ratio associated with 0. 89. Central Backyard & Pet has a 1-year low of $33. 69 and a 1-year high of $44. 72. The firm has a market capitalization of $2. 10 billion, a price-to-earnings ratio of 13. 94 and a beta of 0. 65. The stock includes a fifty day simple moving average of $37. 43 and a 200 day simple moving average of $38. 13.
Central Garden & Family pet ( NASDAQ: CENTA – Get Rating ) last released the quarterly earnings results upon Monday, November 21st. The company reported ($0. 04) earnings per share for the fraction, missing analysts’ consensus estimates of $0. 03 simply by ($0. 07). Central Garden & Pet had a net margin of 4. 56% and a return on equity of 11. 68%. The organization had revenue of $707. 44 million during the quarter, compared to analyst estimates of $724. 45 million. Sell-side analysts forecast that Main Garden & Pet will post 2 . 63 income per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. StockNews. com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. TheStreet lowered Central Backyard & Pet from a “b” rating to a “c+” rating in a research report on Monday, November 21st. KeyCorp dropped their target price on Central Garden & Pet from $52. 00 to $48. 00 and set an “overweight” rating on the stock in a research report on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. lowered their cost target on Central Garden & Pet from $40. 00 to $39. 00 and set an “overweight” ranking on the stock in a report on Friday, January 13th. One analyst has rated the stock with a hold rating and four possess given a buy rating to the stock. According to data from MarketBeat, Central Backyard & Pet currently has an average rating of “Moderate Buy” and a consensus price target of $49. 25.
About Main Garden & Pet
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Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats plus chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and items for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for equine and livestock, as well as outdoor cushions.
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