Advisors Asset Management Inc. cut its holdings in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 66.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,366 shares of the company’s stock after selling 16,708 shares during the period. Advisors Asset Management Inc.’s holdings in Prestige Brand were worth $419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Prestige Brand by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock worth $110,000 after buying an additional 205 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of Prestige Brand by 2.4% during the second quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock worth $112,000 after buying an additional 50 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Prestige Brand by 90.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after purchasing an additional 1,055 shares during the period. Advisor Group Inc. increased its holdings in Prestige Brand by 33.2% in the second quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after purchasing an additional 570 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in Prestige Brand by 78.6% in the second quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock valued at $179,000 after purchasing an additional 1,494 shares during the period. Hedge funds and other institutional investors own 98.56% of the company’s stock.

PBH has been the subject of a number of recent research reports. KeyCorp set a $61.00 price objective on Prestige Brand and gave the company a “buy” rating in a report on Monday, October 16th. BMO Capital Markets upgraded Prestige Brand from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 15th. DA Davidson set a $79.00 price objective on Prestige Brand and gave the company a “buy” rating in a report on Thursday, October 12th. Jefferies Group decreased their price objective on Prestige Brand from $55.00 to $50.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Prestige Brand from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.75.

Prestige Brand Holdings, Inc. (NYSE PBH) traded down $0.87 during mid-day trading on Wednesday, hitting $46.80. 548,700 shares of the stock were exchanged, compared to its average volume of 426,523. The company has a market cap of $2,528.36, a PE ratio of 19.70, a PEG ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 2.34. Prestige Brand Holdings, Inc. has a one year low of $40.11 and a one year high of $59.63.

Prestige Brand (NYSE:PBH) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $267.12 million. Prestige Brand had a return on equity of 15.32% and a net margin of 11.03%. Prestige Brand’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. research analysts forecast that Prestige Brand Holdings, Inc. will post 2.62 EPS for the current year.

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Prestige Brand Company Profile

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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Institutional Ownership by Quarter for Prestige Brand (NYSE:PBH)

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