Royce & Associates LP reduces its stake in Central Garden & Pet (NASDAQ:CENT)
Royce & Associates LP reduced its stake in shares of Central Garden & Pet (NASDAQ:CENT – Get Rating) by 34.6% during the 1st quarter, according to the company in its latest 13F filing with the SEC. The institutional investor held 12,138 shares of the company after selling 6,413 shares during the quarter. Royce & Associates LP’s holdings in Central Garden & Pet were worth $534,000 at the end of last quarter.
Other institutional investors and hedge funds have also recently changed their positions in the company. Advisor Group Holdings Inc. raised its position in shares of Central Garden & Pet by 43.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,176 shares of the company valued at $96,000 after purchasing an additional 660 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings of Central Garden & Pet shares by 23.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the company valued at $191,000 after purchasing an additional 770 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Central Garden & Pet during Q4, valued at $203,000. Inspire Investing LLC bought a new position in shares of Central Garden & Pet during Q1 worth $235,000. Finally, Everhart Financial Group Inc. increased its equity stake in Central Garden & Pet by 41.7% during the 1st quarter. Everhart Financial Group Inc. now owns 5,382 shares of the company valued at $237,000 after purchasing an additional 1,585 shares in the last quarter. Hedge funds and other institutional investors own 18.59% of the company’s shares.
Insiders place their bets
In other Central Garden & Pet news, CFO Nicholas Lahanas sold 7,306 shares of the company in a trade on Friday, May 13. The shares were sold at an average price of $41.78, for a total value of $305,244.68. Following the sale, the CFO now owns 113,520 shares of the company, valued at approximately $4,742,865.60. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders hold 8.80% of the shares of the company.
Central Garden and Pets Price Performance
CENT stock opened at $44.25 on Friday. The company has a debt ratio of 0.88, a quick ratio of 1.29 and a current ratio of 3.16. Central Garden & Pet has a 52-week low of $40.03 and a 52-week high of $57.32. The company’s fifty-day moving average is $43.37 and its 200-day moving average is $44.46. The company has a market capitalization of $2.44 billion, a P/E ratio of 16.03 and a beta of 0.54.
Central Garden & Pet (NASDAQ:CENT – Get Rating) last reported results on Wednesday, May 4. The company reported EPS of $1.27 for the quarter, beating the consensus estimate of $1.18 by $0.09. Central Garden & Pet had a net margin of 4.48% and a return on equity of 11.86%. The company posted revenue of $954.37 million for the quarter, versus analyst estimates of $935.14 million. Research analysts predict that Central Garden & Pet will post earnings per share of 2.75 for the current year.
Central Garden & Pet Company Profile
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Central Garden & Pet Company produces and distributes various products for the lawn and garden and pet supply markets in the United States. It operates through two segments, Pet and Garden. The Pets segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training mats, and pet containment devices; supplies for aquatic animals, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles and other aquarium pets, such as aquariums, furniture and fixtures, pumps, filters, water conditioners, foods and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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