ClariVest Asset Management LLC reduced its position in Central Garden & Pet Co (NASDAQ:CENTA) by 26.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 119,503 shares of the company’s stock after selling 43,429 shares during the quarter. ClariVest Asset Management LLC’s holdings in Central Garden & Pet were worth $3,735,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Central Garden & Pet in the 4th quarter worth approximately $47,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Central Garden & Pet by 114.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,781 shares of the company’s stock worth $125,000 after purchasing an additional 2,015 shares in the last quarter. Virtu Financial LLC acquired a new stake in Central Garden & Pet in the 3rd quarter worth approximately $219,000. Trexquant Investment LP acquired a new stake in Central Garden & Pet in the 3rd quarter worth approximately $231,000. Finally, Raymond James & Associates acquired a new stake in Central Garden & Pet in the 2nd quarter worth approximately $284,000. Institutional investors and hedge funds own 74.19% of the company’s stock.
CENTA opened at $27.20 on Thursday. Central Garden & Pet Co has a 12-month low of $26.45 and a 12-month high of $41.97. The company has a quick ratio of 3.12, a current ratio of 5.10 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.33.
Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. The business had revenue of $461.99 million for the quarter, compared to analysts’ expectations of $501.24 million. Analysts expect that Central Garden & Pet Co will post 1.8 EPS for the current year.
A number of research firms have issued reports on CENTA. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Finally, BMO Capital Markets reduced their price target on shares of Central Garden & Pet to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.25.
Central Garden & Pet Profile
Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
Read More: Institutional Investors
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