Mirabella Financial Services LLP lessened its stake in shares of Central Garden & Pet (NASDAQ:CENTA - Free Report) by 95.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,253 shares of the company's stock after selling 601,798 shares during the quarter. Mirabella Financial Services LLP's holdings in Central Garden & Pet were worth $934,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CENTA. Smartleaf Asset Management LLC grew its position in Central Garden & Pet by 668.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 930 shares of the company's stock worth $31,000 after purchasing an additional 809 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Central Garden & Pet during the fourth quarter worth about $102,000. KBC Group NV increased its position in Central Garden & Pet by 50.1% in the 4th quarter. KBC Group NV now owns 3,606 shares of the company's stock valued at $119,000 after acquiring an additional 1,204 shares during the period. Summit Investment Advisors Inc. raised its stake in Central Garden & Pet by 6.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,458 shares of the company's stock valued at $180,000 after acquiring an additional 325 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Central Garden & Pet by 12.6% during the 4th quarter. Bank of Montreal Can now owns 6,538 shares of the company's stock worth $216,000 after acquiring an additional 734 shares during the period. 50.82% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider John D. Walker III sold 10,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $32.86, for a total transaction of $328,600.00. Following the sale, the insider now owns 67,111 shares of the company's stock, valued at $2,205,267.46. This trade represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.28% of the company's stock.
Analysts Set New Price Targets
CENTA has been the topic of a number of recent research reports. StockNews.com raised Central Garden & Pet from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Argus cut shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Central Garden & Pet from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
Read Our Latest Stock Report on CENTA
Central Garden & Pet Price Performance
Shares of Central Garden & Pet stock traded up $0.15 during trading on Wednesday, reaching $31.11. The company's stock had a trading volume of 256,842 shares, compared to its average volume of 309,268. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The company has a quick ratio of 1.97, a current ratio of 3.47 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $31.72 and a 200-day moving average price of $31.84. The company has a market capitalization of $2.04 billion, a P/E ratio of 17.09 and a beta of 0.75.
Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.24. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. As a group, sell-side analysts anticipate that Central Garden & Pet will post 2.38 EPS for the current year.
About Central Garden & Pet
(
Free Report)
Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.
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