Texas Permanent School Fund Cuts Stake in Prestige Consumer Healthcare Inc. (NYSE:PBH)

August 13, 2022 Off By administrator

Texas Permanent School Fund lessened its holdings in Prestige Consumer Healthcare Inc. (NYSE:PBH – Get Rating) by 1.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,589 shares of the company’s stock after selling 534 shares during the period. Texas Permanent School Fund owned about 0.07% of Prestige Consumer Healthcare worth $1,884,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mutual of America Capital Management LLC raised its stake in Prestige Consumer Healthcare by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,845 shares of the company’s stock worth $415,000 after acquiring an additional 170 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Prestige Consumer Healthcare by 3.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,043 shares of the company’s stock valued at $427,000 after buying an additional 252 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in Prestige Consumer Healthcare by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 19,975 shares of the company’s stock valued at $1,211,000 after buying an additional 278 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Prestige Consumer Healthcare by 54.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 843 shares of the company’s stock valued at $51,000 after purchasing an additional 297 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Prestige Consumer Healthcare by 1.6% in the first quarter. Envestnet Asset Management Inc. now owns 23,342 shares of the company’s stock worth $1,236,000 after buying an additional 357 shares during the last quarter.

Prestige Consumer Healthcare Trading Down 0.8 %

Shares of PBH stock opened at $56.73 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.09 and a quick ratio of 1.23. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.71 and a beta of 0.50. The stock has a 50 day simple moving average of $57.83 and a 200-day simple moving average of $56.63. Prestige Consumer Healthcare Inc. has a 1-year low of $51.70 and a 1-year high of $63.83.

Analysts Set New Price Targets

Several research firms recently weighed in on PBH. Jefferies Financial Group upgraded Prestige Consumer Healthcare from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $70.00 in a report on Tuesday, May 10th. DA Davidson reiterated a “neutral” rating on shares of Prestige Consumer Healthcare in a research report on Tuesday….

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