Skylands Capital LLC lessened its position in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 23.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,675 shares of the basic materials company’s stock after selling 4,400 shares during the period. Skylands Capital LLC’s holdings in Scotts Miracle-Gro were worth $1,570,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SMG. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Scotts Miracle-Gro by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after buying an additional 116 shares during the period. Schroder Investment Management Group acquired a new stake in Scotts Miracle-Gro during the second quarter valued at $542,000. Private Advisor Group LLC grew its position in Scotts Miracle-Gro by 9.0% during the second quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock valued at $239,000 after buying an additional 216 shares during the period. Riverhead Capital Management LLC grew its position in Scotts Miracle-Gro by 59.0% during the second quarter. Riverhead Capital Management LLC now owns 3,497 shares of the basic materials company’s stock valued at $313,000 after buying an additional 1,297 shares during the period. Finally, Teachers Advisors LLC grew its position in Scotts Miracle-Gro by 4.8% during the second quarter. Teachers Advisors LLC now owns 47,701 shares of the basic materials company’s stock valued at $4,267,000 after buying an additional 2,206 shares during the period. Institutional investors own 69.18% of the company’s stock.

Scotts Miracle-Gro Co (NYSE SMG) opened at $105.99 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90. The stock has a market cap of $6,205.09, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 2.49 and a beta of 0.36. Scotts Miracle-Gro Co has a twelve month low of $81.48 and a twelve month high of $110.12.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The business had revenue of $376.70 million for the quarter, compared to the consensus estimate of $368.50 million. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. equities research analysts predict that Scotts Miracle-Gro Co will post 4.42 EPS for the current year.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating and set a $121.00 price target on the stock in a research report on Wednesday, January 10th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a research report on Monday, October 16th. Bank of America raised their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks restated a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Scotts Miracle-Gro currently has an average rating of “Hold” and a consensus price target of $106.25.

In other Scotts Miracle-Gro news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 29.14% of the company’s stock.

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Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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