AQR Capital Management LLC Sells 17,510 Shares of Prestige Brand Holdings, Inc. (PBH)
AQR Capital Management LLC cut its position in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 50.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,413 shares of the company’s stock after selling 17,510 shares during the period. AQR Capital Management LLC’s holdings in Prestige Brand Holdings were worth $967,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wesbanco Bank Inc. raised its position in Prestige Brand Holdings by 9.7% in the first quarter. Wesbanco Bank Inc. now owns 59,672 shares of the company’s stock worth $3,315,000 after buying an additional 5,255 shares in the last quarter. Russell Investments Group Ltd. raised its position in Prestige Brand Holdings by 63.3% in the first quarter. Russell Investments Group Ltd. now owns 253,576 shares of the company’s stock worth $14,089,000 after buying an additional 98,309 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in Prestige Brand Holdings by 4.2% in the first quarter. Glen Harbor Capital Management LLC now owns 10,332 shares of the company’s stock worth $574,000 after buying an additional 420 shares in the last quarter. Dock Street Asset Management Inc. bought a new position in Prestige Brand Holdings during the first quarter worth $1,237,000. Finally, Acadian Asset Management LLC raised its position in Prestige Brand Holdings by 463.2% in the first quarter. Acadian Asset Management LLC now owns 554,077 shares of the company’s stock worth $30,788,000 after buying an additional 455,704 shares in the last quarter. Institutional investors own 98.19% of the company’s stock.
Shares of Prestige Brand Holdings, Inc. (NYSE:PBH) traded down 0.59% during mid-day trading on Wednesday, reaching $52.23. The company had a trading volume of 96,359 shares. The company has a 50 day moving average price of $52.17 and a 200 day moving average price of $54.07. Prestige Brand Holdings, Inc. has a one year low of $44.64 and a one year high of $59.63. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 40.18 and a beta of 1.18.
Prestige Brand Holdings (NYSE:PBH) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $256.57 million for the quarter, compared to analysts’ expectations of $255.64 million. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. On average, analysts anticipate that Prestige Brand Holdings, Inc. will post $2.64 EPS for the current year.
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A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Prestige Brand Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Jefferies Group LLC raised their target price on Prestige Brand Holdings from $47.00 to $49.00 and gave the company an “underperform” rating in a report on Wednesday, April 19th. DA Davidson restated a “buy” rating and issued a $79.00 target price on shares of Prestige Brand Holdings in a report on Monday, May 8th. Finally, BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $63.71.
About Prestige Brand 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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