Prestige Brands Holdings, Inc. (NYSE:PBH) Position Trimmed by OxFORD Asset Management LLP

OxFORD Asset Management LLP decreased its holdings in shares of Prestige Brands Holdings, Inc. (NYSE:PBH) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,695 shares of the company’s stock after selling 8,635 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.22% of Prestige Brands worth $5,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Prestige Brands by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after buying an additional 205 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Prestige Brands by 2.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock valued at $112,000 after purchasing an additional 50 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Prestige Brands by 90.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after purchasing an additional 1,055 shares during the period. Advisor Group Inc. boosted its holdings in Prestige Brands by 33.2% in the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after purchasing an additional 570 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in Prestige Brands by 78.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock valued at $179,000 after purchasing an additional 1,494 shares during the period. Institutional investors own 98.56% of the company’s stock.

Shares of Prestige Brands Holdings, Inc. (PBH) traded down $0.40 during midday trading on Thursday, reaching $46.55. 374,900 shares of the company were exchanged, compared to its average volume of 427,488. The firm has a market capitalization of $2,490.18, a PE ratio of 19.40, a P/E/G ratio of 1.90 and a beta of 1.20. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06. Prestige Brands Holdings, Inc. has a 52-week low of $40.11 and a 52-week high of $59.63.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). Prestige Brands had a net margin of 11.03% and a return on equity of 15.32%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $267.12 million. During the same period in the previous year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. analysts forecast that Prestige Brands Holdings, Inc. will post 2.62 EPS for the current year.

A number of research firms have recently commented on PBH. Jefferies Group reaffirmed a “hold” rating and set a $55.00 price objective (up from $54.00) on shares of Prestige Brands in a report on Monday, October 2nd. William Blair raised shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a report on Monday, December 4th. Zacks Investment Research downgraded shares of Prestige Brands from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. TD Securities reissued a “buy” rating and set a $125.00 price target on shares of Prestige Brands in a report on Thursday, November 23rd. Finally, KeyCorp reissued a “buy” rating and set a $61.00 price target on shares of Prestige Brands in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Prestige Brands presently has a consensus rating of “Buy” and a consensus price target of $77.75.

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Prestige Brands Profile

Prestige Brands Holdings, Inc is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products. The Company operates through three segments: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.

Institutional Ownership by Quarter for Prestige Brands (NYSE:PBH)

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