PharMerica Co. (PMC) CEO Gregory S. Weishar Sells 521,089 Shares of Stock
PharMerica Co. (NYSE:PMC) CEO Gregory S. Weishar sold 521,089 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $29.25, for a total value of $15,241,853.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of PharMerica Co. (NYSE PMC) opened at $29.25 on Tuesday. PharMerica Co. has a 52-week low of $22.00 and a 52-week high of $29.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.79 and a current ratio of 2.58. The stock has a market capitalization of $910.27, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.27 and a beta of 0.82.
PharMerica (NYSE:PMC) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). PharMerica had a net margin of 0.83% and a return on equity of 10.94%. The company had revenue of $595.10 million for the quarter, compared to analysts’ expectations of $596.80 million. equities research analysts predict that PharMerica Co. will post 1.92 EPS for the current year.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded PharMerica from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, September 27th. ValuEngine downgraded PharMerica from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.50.
A number of hedge funds have recently modified their holdings of the business. California Public Employees Retirement System raised its position in PharMerica by 5.6% during the third quarter. California Public Employees Retirement System now owns 97,587 shares of the company’s stock valued at $2,859,000 after purchasing an additional 5,187 shares during the period. Allianz Asset Management GmbH grew its stake in shares of PharMerica by 3,347.4% during the third quarter. Allianz Asset Management GmbH now owns 399,591 shares of the company’s stock valued at $11,708,000 after buying an additional 388,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of PharMerica by 1.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 269,518 shares of the company’s stock valued at $7,897,000 after buying an additional 3,864 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of PharMerica during the third quarter valued at approximately $2,150,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of PharMerica during the third quarter valued at approximately $7,031,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
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