Maven Securities LTD Grows Position in Central Garden & Pet Co (NASDAQ:CENTA)
Maven Securities LTD grew its position in Central Garden & Pet Co (NASDAQ:CENTA) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,670 shares of the company’s stock after acquiring an additional 9,838 shares during the quarter. Central Garden & Pet accounts for 1.8% of Maven Securities LTD’s portfolio, making the stock its 22nd biggest holding. Maven Securities LTD owned approximately 0.19% of Central Garden & Pet worth $2,709,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CENTA. Bogle Investment Management L P DE boosted its holdings in shares of Central Garden & Pet by 48.2% in the 2nd quarter. Bogle Investment Management L P DE now owns 108,598 shares of the company’s stock worth $2,676,000 after purchasing an additional 35,342 shares during the period. Northern Trust Corp lifted its position in Central Garden & Pet by 2.0% in the second quarter. Northern Trust Corp now owns 619,097 shares of the company’s stock worth $15,255,000 after buying an additional 11,961 shares during the last quarter. Polaris Capital Management LLC purchased a new position in Central Garden & Pet during the second quarter worth $2,247,000. Bank of New York Mellon Corp boosted its stake in Central Garden & Pet by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 539,405 shares of the company’s stock worth $13,290,000 after buying an additional 27,252 shares during the period. Finally, Quantamental Technologies LLC bought a new position in Central Garden & Pet during the second quarter valued at $50,000. 67.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of CENTA traded up $0.91 during trading hours on Wednesday, reaching $26.85. 50,379 shares of the company traded hands, compared to its average volume of 290,971. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.59 and a beta of 0.12. Central Garden & Pet Co has a 12-month low of $20.50 and a 12-month high of $37.44. The company has a current ratio of 4.84, a quick ratio of 3.17 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average price is $23.65 and its 200 day moving average price is $25.02.
CENTA has been the topic of several recent analyst reports. Monness Crespi & Hardt reissued a “buy” rating and issued a $36.00 target price (down previously from $44.00) on shares of Central Garden & Pet in a research note on Friday, August 2nd. Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. BidaskClub raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, KeyCorp decreased their price objective on shares of Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.50.
About Central Garden & Pet
Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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