Teacher Retirement System of Texas Raises Stake in Catalent Inc (CTLT)
Teacher Retirement System of Texas boosted its position in Catalent Inc (NASDAQ:CTLT) by 23.4% during the second quarter, Holdings Channel reports. The fund owned 14,158 shares of the company’s stock after buying an additional 2,686 shares during the period. Teacher Retirement System of Texas’ holdings in Catalent were worth $325,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CTLT. Emerald Acquisition Ltd. purchased a new position in Catalent during the second quarter worth about $123,000. LS Investment Advisors LLC increased its position in Catalent by 85.2% in the second quarter. LS Investment Advisors LLC now owns 7,131 shares of the company’s stock worth $164,000 after buying an additional 3,280 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Catalent during the second quarter worth $204,000. Strs Ohio increased its position in Catalent by 17.7% in the second quarter. Strs Ohio now owns 9,300 shares of the company’s stock worth $213,000 after buying an additional 1,400 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Catalent during the second quarter worth $270,000.
Catalent Inc (NASDAQ:CTLT) opened at 23.78 on Friday. Catalent Inc has a 52 week low of $18.92 and a 52 week high of $32.24. The stock’s 50 day moving average price is $25.31 and its 200 day moving average price is $25.63. The company has a market capitalization of $2.97 billion and a P/E ratio of 26.72.
Catalent (NASDAQ:CTLT) last posted its quarterly earnings results on Monday, August 29th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The company earned $532.20 million during the quarter. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts anticipate that Catalent Inc will post $1.40 earnings per share for the current year.
CTLT has been the subject of a number of analyst reports. Bank of America Corp. upgraded Catalent from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Monday, June 20th. They noted that the move was a valuation call. Morgan Stanley restated a “hold” rating on shares of Catalent in a research note on Tuesday, August 30th. Jefferies Group restated a “hold” rating and issued a $25.00 price target on shares of Catalent in a research note on Tuesday, August 30th. TheStreet upgraded Catalent from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Zacks Investment Research upgraded Catalent from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.67.
In related news, major shareholder Blackstone Management Associat sold 17,100,705 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $23.58, for a total transaction of $403,234,623.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Catalent Company Profile
Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products. Its segments include Softgel Technologies, Drug Delivery Solutions and Clinical Supply Services. The Softgel Technologies segment is engaged in the formulation, development and manufacturing of prescription and consumer health soft capsules or softgels.
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