Algert Global LLC Boosts Holdings in Central Garden & Pet (NASDAQ:CENTA)

Algert Global LLC grew its position in Central Garden & Pet (NASDAQ:CENTA - Free Report) by 85.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,863 shares of the company's stock after acquiring an additional 39,460 shares during the quarter. Algert Global LLC owned about 0.13% of Central Garden & Pet worth $2,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Quarry LP grew its holdings in shares of Central Garden & Pet by 503.2% during the second quarter. Quarry LP now owns 754 shares of the company's stock worth $25,000 after buying an additional 629 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Central Garden & Pet in the 2nd quarter valued at approximately $26,000. CWM LLC increased its holdings in shares of Central Garden & Pet by 3,558.1% in the second quarter. CWM LLC now owns 1,134 shares of the company's stock valued at $37,000 after purchasing an additional 1,103 shares during the period. Quest Partners LLC purchased a new stake in shares of Central Garden & Pet during the second quarter worth approximately $37,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Central Garden & Pet by 37.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company's stock worth $61,000 after purchasing an additional 449 shares during the period. 50.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Central Garden & Pet

In related news, Chairman William E. Brown sold 60,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the completion of the sale, the chairman now owns 1,125,773 shares of the company's stock, valued at approximately $37,758,426.42. This represents a 5.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.28% of the company's stock.

Central Garden & Pet Trading Up 1.1 %

NASDAQ:CENTA traded up $0.37 during mid-day trading on Wednesday, reaching $34.13. The company's stock had a trading volume of 261,134 shares, compared to its average volume of 280,458. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16. The stock has a market cap of $2.30 billion, a P/E ratio of 21.41 and a beta of 0.73. The company's fifty day simple moving average is $30.82 and its two-hundred day simple moving average is $33.23. Central Garden & Pet has a twelve month low of $27.70 and a twelve month high of $41.03.

Analyst Ratings Changes

A number of analysts recently weighed in on CENTA shares. StockNews.com downgraded Central Garden & Pet from a "buy" rating to a "hold" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $41.33.

Central Garden & Pet Company Profile

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.