Catalent Inc (NASDAQ:CTLT) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
CTLT has been the subject of a number of other reports. Jefferies Group restated a “hold” rating on shares of Catalent in a report on Thursday, August 4th. Zacks Investment Research cut shares of Catalent from a “hold” rating to a “strong sell” rating in a report on Monday, August 15th. Morgan Stanley restated a “hold” rating on shares of Catalent in a report on Tuesday, August 30th. Piper Jaffray Cos. restated an “overweight” rating and set a $30.00 price target (down from $30.50) on shares of Catalent in a report on Tuesday, August 30th. Finally, Stephens assumed coverage on shares of Catalent in a report on Tuesday, October 18th. They set an “overweight” rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Catalent has a consensus rating of “Hold” and an average price target of $28.67.
Shares of Catalent (NASDAQ:CTLT) traded down 1.11% during mid-day trading on Monday, reaching $24.94. The company had a trading volume of 604,719 shares. The company’s 50-day moving average price is $24.32 and its 200-day moving average price is $24.72. Catalent has a 52-week low of $18.92 and a 52-week high of $32.24. The company has a market capitalization of $3.11 billion and a PE ratio of 29.87.
Catalent (NASDAQ:CTLT) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $430.26 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Catalent will post $1.39 earnings per share for the current fiscal year.
In other news, major shareholder Blackstone Management Associat sold 17,100,705 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $23.58, for a total transaction of $403,234,623.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in Catalent by 62.6% in the third quarter. PNC Financial Services Group Inc. now owns 3,908 shares of the company’s stock valued at $101,000 after buying an additional 1,504 shares during the period. Pacer Advisors Inc. acquired a new position in Catalent during the second quarter valued at about $102,000. Barclays PLC raised its position in Catalent by 406.7% in the second quarter. Barclays PLC now owns 5,275 shares of the company’s stock valued at $121,000 after buying an additional 4,234 shares during the period. Advisor Group Inc. raised its position in Catalent by 93.9% in the third quarter. Advisor Group Inc. now owns 5,277 shares of the company’s stock valued at $134,000 after buying an additional 2,556 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in Catalent during the second quarter valued at about $123,000.