Today: Today, Macquarie Group Ltd. Reached $16,148,000 position of Prestige Brands Holdings Inc. (PBH)

Today, Macquarie Group Ltd. Reached $16,148,000 position  of Prestige Brands Holdings Inc. (PBH)

Macquarie Group Ltd. boosted its stake in shares of Prestige Brands Holdings Inc. (NYSE:PBH) by 21.0% during the second quarter, Holdings Channel reports. The firm owned 291,489 shares of the company’s stock after buying an additional 50,671 shares during the period. Macquarie Group Ltd.’s holdings in Prestige Brands Holdings were worth $16,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PBH. Geode Capital Management LLC raised its stake in Prestige Brands Holdings by 3.9% in the first quarter. Geode Capital Management LLC now owns 379,979 shares of the company’s stock valued at $20,286,000 after buying an additional 14,087 shares during the period. Squarepoint Ops LLC raised its stake in Prestige Brands Holdings by 459.5% in the first quarter. Squarepoint Ops LLC now owns 26,962 shares of the company’s stock worth $1,440,000 after buying an additional 22,143 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Prestige Brands Holdings by 204.7% in the second quarter. BNP Paribas Arbitrage SA now owns 23,567 shares of the company’s stock valued at $1,306,000 after buying an additional 15,833 shares during the period. Nisa Investment Advisors LLC increased its position in Prestige Brands Holdings by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,400 shares of the company’s stock valued at $410,000 after buying an additional 200 shares during the period. Finally, Eagle Boston Investment Management Inc. increased its position in Prestige Brands Holdings by 2.6% in the second quarter. Eagle Boston Investment Management Inc. now owns 148,267 shares of the company’s stock valued at $8,213,000 after buying an additional 3,811 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Shares of Prestige Brands Holdings Inc. (NYSE:PBH) traded down 1.18% during midday trading on Monday, reaching $48.47. The company’s stock had a trading volume of 125,644 shares. The stock has a market capitalization of $2.57 billion, a P/E ratio of 37.57 and a beta of 1.62. Prestige Brands Holdings Inc. has a 12 month low of $43.63 and a 12 month high of $58.09. The stock’s 50-day moving average is $47.82 and its 200 day moving average is $50.77.

Prestige Brands Holdings (NYSE:PBH) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm earned $215.10 million during the quarter, compared to analysts’ expectations of $78.04 million. Prestige Brands Holdings had a return on equity of 16.27% and a net margin of 8.24%. Prestige Brands Holdings’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, analysts expect that Prestige Brands Holdings Inc. will post $2.37 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on PBH shares. Jefferies Group reiterated a “sell” rating on shares of Prestige Brands Holdings in a research report on Monday, August 1st. Zacks Investment Research upgraded Prestige Brands Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. B. Riley reiterated a “buy” rating and set a $70.00 target price on shares of Prestige Brands Holdings in a research report on Thursday, September 22nd. Sidoti upgraded Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, August 12th. They noted that the move was a valuation call. Finally, Gabelli started coverage on Prestige Brands Holdings in a research report on Thursday, November 17th. They set a “buy” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.00.

About Prestige Brands Holdings

Prestige Brands Holdings, Inc is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products. The Company operates through three segments: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.

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