Ellington Management Group LLC increased its position in shares of Central Garden & Pet (NASDAQ:CENTA) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,900 shares of the company’s stock after buying an additional 2,300 shares during the period. Ellington Management Group LLC’s holdings in Central Garden & Pet were worth $486,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jefferies Group LLC bought a new stake in Central Garden & Pet in the fourth quarter valued at $205,000. Capital Fund Management S.A. bought a new stake in Central Garden & Pet in the fourth quarter valued at $362,000. Crossmark Global Holdings Inc. bought a new stake in Central Garden & Pet in the third quarter valued at $466,000. Teacher Retirement System of Texas bought a new stake in Central Garden & Pet in the fourth quarter valued at $466,000. Finally, Alps Advisors Inc. bought a new stake in Central Garden & Pet in the third quarter valued at $507,000. 64.09% of the stock is owned by institutional investors and hedge funds.
Separately, CL King reaffirmed a “buy” rating and issued a $47.00 price target on shares of Central Garden & Pet in a research note on Friday, December 8th.
Shares of NASDAQ CENTA opened at $39.04 on Friday. The stock has a market cap of $2,028.07, a PE ratio of 26.37 and a beta of 0.38. Central Garden & Pet has a 1 year low of $28.12 and a 1 year high of $41.34. The company has a quick ratio of 2.46, a current ratio of 4.42 and a debt-to-equity ratio of 1.04.
Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $442.01 million during the quarter. Central Garden & Pet had a net margin of 4.69% and a return on equity of 12.86%. research analysts anticipate that Central Garden & Pet will post 1.85 EPS for the current fiscal year.
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Central Garden & Pet Company 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 comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.
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