Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Prestige Consumer Healthcare Inc. (NYSE:PBH – Free Report) by 22.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,528 shares of the company’s stock after purchasing an additional 11,637 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Prestige Consumer Healthcare worth $3,902,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in Prestige Consumer Healthcare during the third quarter valued at approximately $1,890,000. AXQ Capital LP bought a new stake in shares of Prestige Consumer Healthcare during the 2nd quarter worth $694,000. Allspring Global Investments Holdings LLC grew its stake in Prestige Consumer Healthcare by 4.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,592,375 shares of the company’s stock valued at $100,893,000 after buying an additional 70,376 shares during the last quarter. Tributary Capital Management LLC raised its holdings in Prestige Consumer Healthcare by 157.3% in the 3rd quarter. Tributary Capital Management LLC now owns 379,410 shares of the company’s stock worth $23,675,000 after acquiring an additional 231,969 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Prestige Consumer Healthcare by 13.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,571 shares of the company’s stock valued at $765,000 after acquiring an additional 1,134 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.
Prestige Consumer Healthcare Stock Performance
NYSE PBH opened at $64.03 on Wednesday. The company has a 50 day moving average of $62.23 and a 200-day moving average of $64.49. The company has a current ratio of 3.70, a quick ratio of 2.51 and a debt-to-equity ratio of 0.55. Prestige Consumer Healthcare Inc. has a 1-year low of $57.25 and a 1-year high of $90.04. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 2.06 and a beta of 0.40.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prestige Consumer Healthcare in a research report on Thursday, January 22nd. Jefferies Financial Group lowered their target price on Prestige Consumer Healthcare from $75.00 to $71.00 and set a “hold” rating on the stock in a report on Monday, October 27th. Oppenheimer cut their price target on Prestige Consumer Healthcare from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Canaccord Genuity Group reduced their price objective on Prestige Consumer Healthcare from $100.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research raised shares of Prestige Consumer Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.33.
Read Our Latest Stock Analysis on PBH
Insider Activity
In other news, VP Jeffrey Zerillo sold 719 shares of Prestige Consumer Healthcare stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $60.00, for a total transaction of $43,140.00. Following the completion of the sale, the vice president owned 42,329 shares in the company, valued at $2,539,740. The trade was a 1.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.
About Prestige Consumer Healthcare
Prestige Consumer Healthcare, Inc is a leading manufacturer and marketer of branded over-the-counter (OTC) healthcare products. The company focuses on developing, acquiring and commercializing a diverse portfolio of non-prescription remedies designed to address common consumer health needs, including pain relief, cold and cough, digestive health, eye care, skin care and women’s health.
Key brands in Prestige’s portfolio include Clear Eyes (eye health), Carmex (lip care), Chloraseptic (sore throat relief), Dramamine (motion sickness), Rolaids (antacid), Monistat (women’s health), BC Powder (pain relief), Little Remedies (pediatric cold and gas relief) and TheraTears (dry eye therapy).
Read More
- Five stocks we like better than Prestige Consumer Healthcare
- America’s Next Power Move Starts Underground
- Your Signature Is Missing – Act Before It’s Too Late
- NEW LAW: Congress Approves Setup For Digital Dollar?
- Refund From 1933: Trump’s Reset May Create Instant Wealth
- Nvidia’s 3 Secret Partners
Receive News & Ratings for Prestige Consumer Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Consumer Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.
