CQS Cayman LP decreased its holdings in shares of Central Garden & Pet Company (NASDAQ:CENTA) by 12.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 322,399 shares of the company’s stock after selling 44,781 shares during the quarter. CQS Cayman LP owned 0.62% of Central Garden & Pet worth $9,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CENTA. Pinebridge Investments L.P. grew its stake in Central Garden & Pet by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 4,474 shares of the company’s stock worth $134,000 after purchasing an additional 61 shares in the last quarter. Arizona State Retirement System grew its stake in Central Garden & Pet by 0.6% in the second quarter. Arizona State Retirement System now owns 17,693 shares of the company’s stock worth $531,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund grew its stake in Central Garden & Pet by 1.2% in the second quarter. Texas Permanent School Fund now owns 24,793 shares of the company’s stock worth $744,000 after purchasing an additional 298 shares in the last quarter. Eagle Global Advisors LLC grew its stake in Central Garden & Pet by 2.0% in the second quarter. Eagle Global Advisors LLC now owns 27,472 shares of the company’s stock worth $825,000 after purchasing an additional 527 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Central Garden & Pet by 24.5% in the second quarter. Quantbot Technologies LP now owns 4,107 shares of the company’s stock worth $123,000 after purchasing an additional 807 shares in the last quarter. 62.98% of the stock is currently owned by hedge funds and other institutional investors.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The firm had revenue of $574.59 million during the quarter.

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Several research analysts recently issued reports on the company. CL King assumed coverage on Central Garden & Pet in a research note on Friday, July 7th. They issued a “buy” rating and a $38.00 price objective on the stock. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th.

Central Garden & Pet Company Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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