FNY Investment Advisers LLC Acquires New Holdings in Elanco Animal Health (ELAN)

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FNY Investment Advisers LLC acquired a new position in Elanco Animal Health (NASDAQ:ELAN) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,283 shares of the company’s stock, valued at approximately $393,000.

Several other institutional investors have also recently added to or reduced their stakes in ELAN. Nisa Investment Advisors LLC acquired a new stake in shares of Elanco Animal Health in the first quarter valued at about $2,275,000. Pennsylvania Trust Co acquired a new stake in shares of Elanco Animal Health in the first quarter valued at about $4,220,000. Ropes Wealth Advisors LLC acquired a new stake in shares of Elanco Animal Health in the first quarter valued at about $25,000. First Manhattan Co. grew its stake in shares of Elanco Animal Health by 162.1% in the first quarter. First Manhattan Co. now owns 26,209 shares of the company’s stock valued at $840,000 after buying an additional 16,209 shares in the last quarter. Finally, PGGM Investments acquired a new stake in shares of Elanco Animal Health in the first quarter valued at about $4,629,000.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Elanco Animal Health from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. UBS Group assumed coverage on Elanco Animal Health in a research note on Wednesday, March 20th. They issued a “sell” rating and a $28.00 target price for the company. Bank of America upgraded Elanco Animal Health from a “neutral” rating to a “buy” rating and set a $30.95 target price for the company in a research note on Monday, March 18th. Credit Suisse Group reiterated a “hold” rating and issued a $33.00 target price on shares of Elanco Animal Health in a research note on Friday, January 4th. Finally, William Blair assumed coverage on Elanco Animal Health in a research note on Monday, February 11th. They issued a “market perform” rating and a $29.71 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Elanco Animal Health presently has a consensus rating of “Hold” and a consensus target price of $33.22.

Shares of NASDAQ ELAN opened at $31.18 on Thursday. Elanco Animal Health has a fifty-two week low of $28.00 and a fifty-two week high of $37.61.

Elanco Animal Health (NASDAQ:ELAN) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $799.30 million for the quarter, compared to analyst estimates of $804.07 million. During the same quarter last year, the business earned $0.12 EPS. Elanco Animal Health’s revenue for the quarter was up 6.0% compared to the same quarter last year.

In other Elanco Animal Health news, Director R David Hoover acquired 20,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $31.43 per share, for a total transaction of $628,600.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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Elanco Animal Health Company Profile

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Institutional Ownership by Quarter for Elanco Animal Health (NASDAQ:ELAN)

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