Stoneridge Investment Partners LLC acquired a new position in Prestige Brand Holdings, Inc. (NYSE:PBH) during the second quarter, Holdings Channel reports. The fund acquired 25,183 shares of the company’s stock, valued at approximately $1,330,000.

Several other hedge funds have also bought and sold shares of PBH. Wesbanco Bank Inc. boosted its stake 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 during the last quarter. Russell Investments Group Ltd. boosted its stake 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 during the last quarter. Glen Harbor Capital Management LLC boosted its stake 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 during the last quarter. Dock Street Asset Management Inc. acquired a new stake in Prestige Brand Holdings during the first quarter worth $1,237,000. Finally, Acadian Asset Management LLC boosted its stake 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 during the last quarter. 98.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Prestige Brand Holdings, Inc. (NYSE PBH) opened at 52.08 on Thursday. Prestige Brand Holdings, Inc. has a 12 month low of $44.64 and a 12 month high of $59.63. The firm’s 50-day moving average price is $52.15 and its 200-day moving average price is $54.10. The firm has a market cap of $2.76 billion, a PE ratio of 40.06 and a beta of 1.18.

Prestige Brand Holdings (NYSE:PBH) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. The company had revenue of $256.57 million during the quarter, compared to the consensus estimate of $255.64 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Prestige Brand Holdings’s revenue for the quarter was up 22.4% on a year-over-year basis. Analysts expect that Prestige Brand Holdings, Inc. will post $2.64 earnings per share for the current year.

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A number of research firms have recently weighed in on PBH. Zacks Investment Research cut Prestige Brand Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Jefferies Group LLC lifted their price target on Prestige Brand Holdings from $47.00 to $49.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 19th. DA Davidson reaffirmed a “buy” rating and set a $79.00 price target on shares of Prestige Brand Holdings in a research report on Monday, May 8th. Finally, BidaskClub raised Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research 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 issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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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Institutional Ownership by Quarter for Prestige Brand Holdings (NYSE:PBH)

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