Parametrica Management Ltd Invests $602,000 in Central Garden & Pet Company (CENTA)

Parametrica Management Ltd bought a new position in shares of Central Garden & Pet Company (NASDAQ:CENTA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,178 shares of the company’s stock, valued at approximately $602,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in shares of Central Garden & Pet by 24.5% during the second quarter. Quantbot Technologies LP now owns 4,107 shares of the company’s stock worth $123,000 after acquiring an additional 807 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of Central Garden & Pet by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 4,474 shares of the company’s stock worth $134,000 after acquiring an additional 61 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Central Garden & Pet during the second quarter worth $210,000. Susquehanna International Group LLP bought a new stake in shares of Central Garden & Pet during the second quarter worth $217,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Central Garden & Pet during the second quarter worth $220,000. Institutional investors own 62.26% of the company’s stock.

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A number of equities research analysts recently commented on the company. CL King assumed coverage on Central Garden & Pet in a report on Friday, July 7th. They issued a “buy” rating and a $38.00 price objective for the company. Sidoti downgraded Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. Finally, Monness Crespi & Hardt assumed coverage on Central Garden & Pet in a report on Friday, October 20th. They issued a “buy” rating and a $44.00 price objective for the company.

Central Garden & Pet Company (NASDAQ:CENTA) traded up 0.72% during midday trading on Tuesday, reaching $36.34. The company had a trading volume of 60,799 shares. The stock has a 50-day moving average price of $36.34 and a 200 day moving average price of $33.14. The company has a market capitalization of $1.88 billion, a PE ratio of 27.41 and a beta of 0.33. Central Garden & Pet Company has a 12-month low of $22.59 and a 12-month high of $38.81.

Central Garden & Pet (NASDAQ:CENTA) last announced its earnings results on Wednesday, August 2nd. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The firm had revenue of $574.59 million for the quarter. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. Equities analysts forecast that Central Garden & Pet Company will post $1.47 EPS for the current year.

Central Garden & Pet Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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