Mason Street Advisors LLC acquired a new stake in shares of Prestige Brands Holdings Inc. (NYSE:PBH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,060 shares of the company’s stock, valued at approximately $1,333,000.

Other hedge funds have also added to or reduced their stakes in the company. Invictus RG increased its stake in shares of Prestige Brands Holdings by 325.2% in the second quarter. Invictus RG now owns 1,875 shares of the company’s stock worth $104,000 after buying an additional 1,434 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Prestige Brands Holdings by 39.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,223 shares of the company’s stock worth $119,000 after buying an additional 634 shares during the period. Sei Investments Co. increased its stake in shares of Prestige Brands Holdings by 129.7% in the second quarter. Sei Investments Co. now owns 3,151 shares of the company’s stock worth $174,000 after buying an additional 1,779 shares during the period. Advisor Group Inc. bought a new position in Prestige Brands Holdings during the second quarter valued at about $182,000. Finally, LS Investment Advisors LLC increased its position in Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock valued at $193,000 after buying an additional 1,416 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Prestige Brands Holdings Inc. (NYSE:PBH) opened at 46.91 on Wednesday. Prestige Brands Holdings Inc. has a 12 month low of $43.40 and a 12 month high of $58.09. The stock has a 50 day moving average of $48.57 and a 200-day moving average of $52.99. The firm has a market capitalization of $2.48 billion, a PE ratio of 36.34 and a beta of 1.64.

Prestige Brands Holdings (NYSE:PBH) last announced its earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $209.60 million for the quarter, compared to analysts’ expectations of $208.18 million. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. On average, equities research analysts anticipate that Prestige Brands Holdings Inc. will post $2.35 EPS for the current fiscal year.

Several equities analysts have issued reports on the stock. Jefferies Group reaffirmed a “sell” rating on shares of Prestige Brands Holdings in a report on Wednesday, August 10th. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Prestige Brands Holdings in a report on Friday, August 5th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Prestige Brands Holdings in a report on Wednesday, July 6th. Sidoti raised shares of Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, August 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Prestige Brands Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.67.

About Prestige Brands Holdings

Prestige Brands Holdings, Inc is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products. The Company operates through three segments: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.

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