Neogen Corporation (NEOG) Holdings Increased by Citadel Advisors LLC
Citadel Advisors LLC boosted its stake in shares of Neogen Corporation (NASDAQ:NEOG) by 551.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,732 shares of the company’s stock after buying an additional 27,706 shares during the period. Citadel Advisors LLC owned about 0.09% of Neogen Corporation worth $2,262,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Neogen Corporation during the 2nd quarter worth about $209,000. Swiss National Bank raised its holdings in Neogen Corporation by 1.0% during the 1st quarter. Swiss National Bank now owns 62,350 shares of the company’s stock worth $4,087,000 after buying an additional 600 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Neogen Corporation by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 154,157 shares of the company’s stock worth $10,105,000 after buying an additional 8,184 shares during the period. State Street Corp raised its holdings in Neogen Corporation by 8.9% during the 1st quarter. State Street Corp now owns 905,938 shares of the company’s stock worth $59,385,000 after buying an additional 73,771 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Neogen Corporation by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,526 shares of the company’s stock worth $520,000 after buying an additional 3,316 shares during the period. Hedge funds and other institutional investors own 86.10% of the company’s stock.
In other news, CFO Steven J. Quinlan sold 2,772 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $73.54, for a total transaction of $203,852.88. Following the sale, the chief financial officer now owns 12,875 shares of the company’s stock, valued at $946,827.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Edward Bradley sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $76.79, for a total value of $1,535,800.00. Following the sale, the vice president now directly owns 41,512 shares in the company, valued at approximately $3,187,706.48. The disclosure for this sale can be found here. Insiders sold 106,379 shares of company stock worth $7,669,972 in the last three months. Insiders own 4.20% of the company’s stock.
Neogen Corporation (NASDAQ NEOG) opened at 77.46 on Friday. Neogen Corporation has a 1-year low of $50.53 and a 1-year high of $77.64. The stock has a market cap of $2.96 billion, a PE ratio of 65.09 and a beta of 1.51. The firm’s 50-day moving average price is $68.09 and its 200 day moving average price is $65.57.
Neogen Corporation (NASDAQ:NEOG) last released its earnings results on Tuesday, September 19th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Neogen Corporation had a return on equity of 9.93% and a net margin of 12.28%. The firm had revenue of $95.30 million for the quarter, compared to analyst estimates of $94.87 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Equities research analysts expect that Neogen Corporation will post $1.31 EPS for the current year.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Neogen Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. CL King assumed coverage on Neogen Corporation in a report on Friday, July 14th. They set a “neutral” rating on the stock. Finally, BidaskClub upgraded Neogen Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th.
About Neogen Corporation
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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