Renaissance Technologies LLC Acquires 144,700 Shares of Post Holdings, Inc. (POST)
Renaissance Technologies LLC raised its position in Post Holdings, Inc. (NYSE:POST) by 15.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,054,900 shares of the company’s stock after buying an additional 144,700 shares during the period. Renaissance Technologies LLC owned about 1.64% of Post Holdings worth $84,803,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in Post Holdings during the third quarter worth $139,000. Acrospire Investment Management LLC increased its stake in Post Holdings by 50.0% in the third quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock worth $139,000 after buying an additional 600 shares during the period. Creative Planning increased its stake in Post Holdings by 68.1% in the third quarter. Creative Planning now owns 1,810 shares of the company’s stock worth $140,000 after buying an additional 733 shares during the period. First Quadrant L P CA increased its stake in Post Holdings by 139.1% in the third quarter. First Quadrant L P CA now owns 2,750 shares of the company’s stock worth $212,000 after buying an additional 1,600 shares during the period. Finally, Atria Investments LLC acquired a new stake in Post Holdings during the third quarter worth $240,000.
Shares of Post Holdings, Inc. (NYSE:POST) traded down 1.27% during midday trading on Thursday, reaching $83.74. 1,250,208 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $83.68 and a 200-day moving average price of $80.48. Post Holdings, Inc. has a 52-week low of $66.22 and a 52-week high of $89.00. The stock has a market cap of $5.38 billion, a P/E ratio of 104.81 and a beta of 0.17.
Post Holdings (NYSE:POST) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. Post Holdings had a net margin of 1.37% and a return on equity of 7.23%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the company posted $0.52 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Analysts forecast that Post Holdings, Inc. will post $2.68 earnings per share for the current year.
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A number of equities research analysts recently weighed in on the stock. TheStreet raised shares of Post Holdings from a “c” rating to a “b-” rating in a research note on Monday, January 9th. BMO Capital Markets boosted their price target on shares of Post Holdings from $83.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Zacks Investment Research raised shares of Post Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, February 1st. Finally, Stifel Nicolaus dropped their price target on shares of Post Holdings from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, November 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $88.50.
In related news, Director William P. Stiritz purchased 120,000 shares of Post Holdings stock in a transaction dated Monday, November 21st. The shares were bought at an average cost of $75.48 per share, for a total transaction of $9,057,600.00. Following the purchase, the director now owns 1,381,996 shares in the company, valued at approximately $104,313,058.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.00% of the company’s stock.
Post Holdings Company Profile
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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