Energizer Holdings, Inc. (NYSE:EPC) Stake Lowered by First Manhattan Co.
First Manhattan Co. cut its stake in Energizer Holdings, Inc. (NYSE:EPC) by 29.9% during the second quarter, Holdings Channel reports. The fund owned 1,642 shares of the company’s stock after selling 700 shares during the period. First Manhattan Co.’s holdings in Energizer Holdings were worth $124,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Energizer Holdings by 28.6% in the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock valued at $132,000 after buying an additional 400 shares during the last quarter. Creative Planning raised its stake in Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,989 shares of the company’s stock valued at $145,000 after buying an additional 7 shares during the last quarter. Parametrica Management Ltd purchased a new stake in Energizer Holdings during the second quarter valued at about $201,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Energizer Holdings during the first quarter valued at about $212,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Energizer Holdings during the first quarter valued at about $237,000. Hedge funds and other institutional investors own 92.19% of the company’s stock.
Energizer Holdings, Inc. (EPC) opened at 74.26 on Friday. The company’s 50-day moving average is $73.59 and its 200 day moving average is $74.32. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 20.91 and a beta of 0.95. Energizer Holdings, Inc. has a 52-week low of $69.63 and a 52-week high of $84.45.
Energizer Holdings (NYSE:EPC) last issued its earnings results on Tuesday, August 8th. The company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.31. Energizer Holdings had a return on equity of 12.71% and a net margin of 8.80%. The business had revenue of $637.50 million during the quarter, compared to analyst estimates of $648.13 million. During the same quarter in the previous year, the firm earned $0.66 EPS. Energizer Holdings’s revenue was down 1.2% on a year-over-year basis. Equities analysts forecast that Energizer Holdings, Inc. will post $3.97 earnings per share for the current fiscal year.
Several research firms have recently issued reports on EPC. Citigroup Inc. reduced their target price on shares of Energizer Holdings from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, May 31st. TheStreet lowered shares of Energizer Holdings from a “b-” rating to a “c+” rating in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Energizer Holdings from a “strong sell” rating to a “sell” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating and issued a $105.00 target price on shares of Energizer Holdings in a research note on Sunday, July 16th. Finally, Societe Generale upgraded shares of Energizer Holdings from a “hold” rating to a “buy” rating and upped their target price for the stock from $83.00 to $90.00 in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $85.22.
Energizer Holdings Company Profile
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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