Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of Central Garden & Pet Co (NASDAQ:CENTA) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,625 shares of the company’s stock after selling 2,050 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Central Garden & Pet were worth $1,578,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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. Itau Unibanco Holding S.A. purchased a new position in Central Garden & Pet in the 2nd quarter worth approximately $168,000. NumerixS Investment Technologies Inc lifted its holdings in Central Garden & Pet by 214.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the company’s stock worth $176,000 after purchasing an additional 3,000 shares in the last quarter. Virtu Financial LLC purchased a new position in Central Garden & Pet in the 3rd quarter worth approximately $219,000. Finally, AMP Capital Investors Ltd purchased a new position in Central Garden & Pet in the 2nd quarter worth approximately $222,000. 66.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on CENTA. Bank of America began coverage on Central Garden & Pet in a report on Monday, September 10th. They issued a “buy” rating and a $44.00 price target on the stock. BMO Capital Markets began coverage on Central Garden & Pet in a report on Monday, August 13th. They issued an “outperform” rating on the stock. ValuEngine cut Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. KeyCorp began coverage on Central Garden & Pet in a report on Thursday, October 11th. They issued an “overweight” rating and a $39.00 price target on the stock. Finally, Zacks Investment Research cut Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.00.
Shares of CENTA opened at $30.08 on Friday. The company has a market cap of $1.59 billion, a PE ratio of 15.74, a PEG ratio of 2.78 and a beta of 0.24. Central Garden & Pet Co has a 1 year low of $27.14 and a 1 year high of $41.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.71 and a current ratio of 5.72.
Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data on Tuesday, November 27th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The business had revenue of $502.31 million for the quarter, compared to analysts’ expectations of $499.89 million. Central Garden & Pet had a return on equity of 13.33% and a net margin of 5.58%. During the same period in the prior year, the firm earned $0.08 EPS. As a group, equities analysts forecast that Central Garden & Pet Co will post 1.81 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.
Further Reading: Outstanding Shares and The Effect on Share Price
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