Inter Parfums, Inc. (IPAR) Position Held by Cim Investment Mangement Inc.
Cim Investment Mangement Inc. held its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) during the fourth quarter, Holdings Channel reports. The fund owned 11,689 shares of the company’s stock at the end of the fourth quarter. Cim Investment Mangement Inc.’s holdings in Inter Parfums were worth $383,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of Inter Parfums by 306.2% in the third quarter. First Trust Advisors LP now owns 44,070 shares of the company’s stock valued at $1,422,000 after buying an additional 33,221 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Inter Parfums by 7.1% in the third quarter. Wells Fargo & Company MN now owns 25,248 shares of the company’s stock valued at $814,000 after buying an additional 1,673 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Inter Parfums by 6.2% in the third quarter. Great West Life Assurance Co. Can now owns 22,697 shares of the company’s stock valued at $732,000 after buying an additional 1,325 shares in the last quarter. First National Bank of Omaha boosted its stake in shares of Inter Parfums by 13.4% in the third quarter. First National Bank of Omaha now owns 17,693 shares of the company’s stock valued at $571,000 after buying an additional 2,086 shares in the last quarter. Finally, Calvert Investment Management Inc. purchased a new stake in shares of Inter Parfums during the second quarter valued at $5,287,000. 55.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Inter Parfums, Inc. (NASDAQ:IPAR) traded down 1.27% during trading on Thursday, hitting $34.90. 47,063 shares of the stock were exchanged. The firm has a 50 day moving average price of $33.23 and a 200 day moving average price of $33.21. Inter Parfums, Inc. has a 52 week low of $23.74 and a 52 week high of $36.40. The firm has a market capitalization of $1.09 billion, a P/E ratio of 34.90 and a beta of 1.59.
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Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. B. Riley reaffirmed a “buy” rating and set a $40.00 price objective on shares of Inter Parfums in a research note on Sunday, November 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $37.33.
In other Inter Parfums news, insider Henry B. Clarke sold 1,500 shares of Inter Parfums stock in a transaction dated Friday, December 30th. The shares were sold at an average price of $32.75, for a total value of $49,125.00. Following the completion of the sale, the insider now owns 3,125 shares in the company, valued at approximately $102,343.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 45.50% of the stock is owned by insiders.
About Inter Parfums
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.
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