Sawtooth Solutions LLC increased its position in Central Garden & Pet (NASDAQ:CENT) by 32.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,115 shares of the company’s stock after purchasing an additional 1,731 shares during the period. Sawtooth Solutions LLC’s holdings in Central Garden & Pet were worth $342,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Inspire Investing LLC bought a new position in shares of Central Garden & Pet during the 3rd quarter valued at $241,000. Barclays PLC increased its holdings in shares of Central Garden & Pet by 53.4% during the 3rd quarter. Barclays PLC now owns 7,830 shares of the company’s stock worth $376,000 after purchasing an additional 2,725 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new stake in shares of Central Garden & Pet during the 3rd quarter valued at about $7,746,000. Bfsg LLC boosted its position in shares of Central Garden & Pet by 2.6% during the 3rd quarter. Bfsg LLC now owns 52,903 shares of the company’s stock valued at $2,539,000 after acquiring an additional 1,356 shares in the last quarter. Finally, Martin & Co. Inc. TN boosted its position in Central Garden & Pet by 2.0% in the third quarter. Martin & Co. Inc. TN now owns 71,077 shares of the company’s stock valued at $3,412,000 after buying an additional 1,390 shares in the last quarter. 18.45% of the stock is owned by institutional investors.
Separately, Argus downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday, November 30th.
Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Monday, November 22nd. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.18. The firm had revenue of $739.13 million for the quarter, compared to analysts’ expectations of $729.16 million. Central Garden & Pet had a return on equity of 13.73% and a net margin of 4.59%. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities analysts predict that Central Garden & Pet will post 3.11 earnings per share for the current fiscal year.
Central Garden & Pet Company Profile
Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. It operates through the following segments: Pets and Garden. The Pet segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions.
Read More: Options Trading – Understanding Strike Price
Want to see what other hedge funds are holding CENT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Garden & Pet (NASDAQ:CENT).
Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.