Prestige Brand Holdings, Inc. (PBH) Position Increased by Advisor Group Inc.
Advisor Group Inc. increased its holdings in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 576.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,446 shares of the company’s stock after buying an additional 13,161 shares during the quarter. Advisor Group Inc.’s holdings in Prestige Brand Holdings were worth $774,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Sei Investments Co. increased its holdings in Prestige Brand Holdings by 20.5% in the 3rd quarter. Sei Investments Co. now owns 29,442 shares of the company’s stock worth $1,475,000 after purchasing an additional 5,013 shares in the last quarter. FDx Advisors Inc. acquired a new position in Prestige Brand Holdings in the 3rd quarter worth about $325,000. Alps Advisors Inc. acquired a new position in Prestige Brand Holdings in the 3rd quarter worth about $467,000. Jennison Associates LLC increased its holdings in Prestige Brand Holdings by 21.4% in the 3rd quarter. Jennison Associates LLC now owns 497,621 shares of the company’s stock worth $24,926,000 after purchasing an additional 87,590 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Prestige Brand Holdings by 38.4% in the 3rd quarter. Bessemer Group Inc. now owns 33,900 shares of the company’s stock worth $1,698,000 after purchasing an additional 9,400 shares in the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.
Shares of Prestige Brand Holdings, Inc. (PBH) opened at $42.94 on Thursday. The firm has a market capitalization of $2,266.88, a PE ratio of 17.66, a PEG ratio of 1.73 and a beta of 1.19. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32. Prestige Brand Holdings, Inc. has a one year low of $40.11 and a one year high of $59.63.
Prestige Brand Holdings (NYSE:PBH) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). Prestige Brand Holdings had a net margin of 11.03% and a return on equity of 15.32%. The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $267.12 million. During the same period in the previous year, the company posted $0.63 EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. sell-side analysts expect that Prestige Brand Holdings, Inc. will post 2.62 EPS for the current year.
A number of equities analysts have issued reports on PBH shares. Zacks Investment Research cut Prestige Brand Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. DA Davidson set a $79.00 price target on Prestige Brand Holdings and gave the company a “buy” rating in a research note on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price target on shares of Prestige Brand Holdings in a research note on Wednesday, August 16th. KeyCorp reissued a “buy” rating and issued a $61.00 price target on shares of Prestige Brand Holdings in a research note on Wednesday, September 6th. Finally, BMO Capital Markets raised Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $63.17.
COPYRIGHT VIOLATION WARNING: This article was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/11/23/prestige-brand-holdings-inc-pbh-position-increased-by-advisor-group-inc.html.
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.
Want to see what other hedge funds are holding PBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prestige Brand Holdings, Inc. (NYSE:PBH).
Receive News & Ratings for Prestige Brand Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brand Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.