Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Phibro Animal Health Corporation (NASDAQ:PAHC) by 2.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 118,521 shares of the company’s stock after selling 2,900 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.30% of Phibro Animal Health Corporation worth $4,390,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mason Street Advisors LLC boosted its position in Phibro Animal Health Corporation by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 4,333 shares of the company’s stock worth $122,000 after acquiring an additional 286 shares during the period. Victory Capital Management Inc. boosted its position in Phibro Animal Health Corporation by 79.2% during the 1st quarter. Victory Capital Management Inc. now owns 4,573 shares of the company’s stock worth $129,000 after acquiring an additional 2,021 shares during the period. State of Alaska Department of Revenue boosted its position in Phibro Animal Health Corporation by 80.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,690 shares of the company’s stock worth $136,000 after acquiring an additional 1,650 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Phibro Animal Health Corporation by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,370 shares of the company’s stock worth $162,000 after acquiring an additional 150 shares during the period. Finally, KBC Group NV acquired a new position in Phibro Animal Health Corporation during the 2nd quarter worth $166,000. Institutional investors own 48.04% of the company’s stock.

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In other Phibro Animal Health Corporation news, CFO Richard G. Johnson sold 29,807 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $35.66, for a total value of $1,062,917.62. Following the transaction, the chief financial officer now directly owns 4,240 shares in the company, valued at approximately $151,198.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel M. Bendheim sold 1,443 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $40.05, for a total value of $57,792.15. Following the completion of the transaction, the vice president now owns 300 shares in the company, valued at $12,015. The disclosure for this sale can be found here. Insiders have sold a total of 292,448 shares of company stock valued at $10,624,994 over the last ninety days. Insiders own 51.88% of the company’s stock.

Shares of Phibro Animal Health Corporation (NASDAQ PAHC) opened at 36.75 on Friday. The stock has a 50 day moving average price of $36.53 and a 200 day moving average price of $35.05. Phibro Animal Health Corporation has a one year low of $24.83 and a one year high of $40.25. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 22.83 and a beta of 1.36.

Phibro Animal Health Corporation (NASDAQ:PAHC) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. Phibro Animal Health Corporation had a return on equity of 47.88% and a net margin of 8.45%. The firm had revenue of $194.84 million during the quarter, compared to analysts’ expectations of $192.47 million. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Phibro Animal Health Corporation will post $1.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. Phibro Animal Health Corporation’s dividend payout ratio is 24.69%.

PAHC has been the subject of a number of analyst reports. BidaskClub upgraded Phibro Animal Health Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Piper Jaffray Companies set a $35.00 price target on Phibro Animal Health Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Bank of America Corporation reiterated an “underperform” rating and set a $33.00 price target on shares of Phibro Animal Health Corporation in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group boosted their price target on Phibro Animal Health Corporation from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.00.

Phibro Animal Health Corporation Company Profile

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

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Institutional Ownership by Quarter for Phibro Animal Health Corporation (NASDAQ:PAHC)

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