Verition Fund Management LLC Makes New $316,000 Investment in Central Garden & Pet (NASDAQ:CENTA)

Verition Fund Management LLC purchased a new stake in Central Garden & Pet (NASDAQ:CENTAFree Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,070 shares of the company’s stock, valued at approximately $316,000.

A number of other institutional investors also recently modified their holdings of CENTA. Nisa Investment Advisors LLC boosted its stake in shares of Central Garden & Pet by 16.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,511 shares of the company’s stock valued at $83,000 after purchasing an additional 355 shares in the last quarter. Arizona State Retirement System boosted its position in Central Garden & Pet by 2.5% in the second quarter. Arizona State Retirement System now owns 15,269 shares of the company’s stock valued at $504,000 after buying an additional 377 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Central Garden & Pet by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 27,300 shares of the company’s stock worth $902,000 after buying an additional 600 shares during the last quarter. Quarry LP increased its holdings in shares of Central Garden & Pet by 503.2% during the second quarter. Quarry LP now owns 754 shares of the company’s stock worth $25,000 after buying an additional 629 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Central Garden & Pet by 43.8% in the 3rd quarter. KBC Group NV now owns 2,402 shares of the company’s stock valued at $75,000 after acquiring an additional 732 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CENTA shares. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Central Garden & Pet currently has an average rating of “Buy” and an average price target of $41.33.

View Our Latest Research Report on CENTA

Central Garden & Pet Trading Up 2.1 %

NASDAQ:CENTA opened at $34.72 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.66 and a quick ratio of 2.19. Central Garden & Pet has a one year low of $27.70 and a one year high of $41.03. The company has a market cap of $2.28 billion, a PE ratio of 21.46 and a beta of 0.78. The firm has a 50-day moving average of $31.58 and a 200-day moving average of $32.84.

Central Garden & Pet Company Profile

(Free Report)

Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

See Also

Want to see what other hedge funds are holding CENTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Garden & Pet (NASDAQ:CENTAFree Report).

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

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