Avestar Capital LLC Invests $103,000 in Edgewell Personal Care Co (EPC) Stock
Avestar Capital LLC acquired a new position in Edgewell Personal Care Co (NYSE:EPC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,936 shares of the company’s stock, valued at approximately $103,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caxton Associates LP bought a new position in Edgewell Personal Care in the 3rd quarter worth approximately $1,819,000. Sei Investments Co. lifted its stake in Edgewell Personal Care by 9.6% in the 3rd quarter. Sei Investments Co. now owns 20,464 shares of the company’s stock worth $1,489,000 after purchasing an additional 1,785 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Edgewell Personal Care by 110.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 43,629 shares of the company’s stock worth $3,175,000 after purchasing an additional 22,936 shares in the last quarter. Jane Street Group LLC lifted its stake in Edgewell Personal Care by 146.0% in the 3rd quarter. Jane Street Group LLC now owns 6,896 shares of the company’s stock worth $502,000 after purchasing an additional 21,896 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Edgewell Personal Care by 5.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 296,658 shares of the company’s stock worth $21,588,000 after purchasing an additional 14,610 shares in the last quarter. 96.93% of the stock is owned by institutional investors.
Shares of Edgewell Personal Care Co (NYSE:EPC) opened at $51.29 on Wednesday. The company has a current ratio of 2.65, a quick ratio of 1.87 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2,855.39, a price-to-earnings ratio of -128.08, a PEG ratio of 3.86 and a beta of 0.81. Edgewell Personal Care Co has a 52-week low of $46.83 and a 52-week high of $78.04.
Edgewell Personal Care announced that its board has authorized a stock buyback plan on Thursday, February 8th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Several analysts have issued reports on the stock. Wells Fargo & Co assumed coverage on shares of Edgewell Personal Care in a research note on Tuesday, December 19th. They issued a “market perform” rating on the stock. Bank of America cut shares of Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. KeyCorp reiterated a “hold” rating on shares of Edgewell Personal Care in a research note on Friday, November 24th. Finally, Deutsche Bank lowered their target price on shares of Edgewell Personal Care from $65.00 to $53.00 and set a “hold” rating on the stock in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.91.
In related news, Director John C. Hunter III acquired 552 shares of the stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $54.50 per share, for a total transaction of $30,084.00. Following the transaction, the director now owns 4,601 shares in the company, valued at approximately $250,754.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David P. Hatfield acquired 3,969 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $50.38 per share, for a total transaction of $199,958.22. Following the transaction, the chief executive officer now owns 18,619 shares in the company, valued at approximately $938,025.22. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 10,021 shares of company stock worth $511,551. Corporate insiders own 0.97% of the company’s stock.
About Edgewell Personal Care
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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