As Prestige Brands Hldgs INC (PBH) Stock Price Declined, Manor Road Capital Partners LLC Raised Its Stake

July 17, 2017 - By Ellis Scott

Investors sentiment decreased to 0.74 in 2016 Q4. Its down 0.21, from 0.95 in 2016Q3. It turned negative, as 25 investors sold PBH shares while 97 reduced holdings. 27 funds opened positions while 63 raised stakes. 51.20 million shares or 0.24% less from 51.32 million shares in 2016Q3 were reported. Ameritas Inv Inc holds 0.13% in Prestige Brands Holdings, Inc. (NYSE:PBH) or 48,394 shares. Bnp Paribas Arbitrage Sa holds 0% or 17,262 shares in its portfolio. Principal Grp stated it has 762,362 shares. State Street Corporation invested in 0.01% or 1.87M shares. Lpl Financial Limited Liability Com owns 0% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 3,970 shares. Bb&T Corporation has invested 0.01% in Prestige Brands Holdings, Inc. (NYSE:PBH). State Board Of Administration Of Florida Retirement Sys reported 33,698 shares or 0.01% of all its holdings. New York-based Citigroup Inc has invested 0% in Prestige Brands Holdings, Inc. (NYSE:PBH). Princeton Alpha Management Ltd Partnership reported 4,266 shares stake. Ubs Asset Mgmt Americas reported 0% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). California State Teachers Retirement Systems owns 109,699 shares for 0.01% of their portfolio. Mesirow Finance Invest holds 1.31% in Prestige Brands Holdings, Inc. (NYSE:PBH) or 409,751 shares. Falcon Point Capital Limited Liability Corporation reported 455,555 shares. Tiaa Cref Invest Mngmt Ltd Co reported 287,980 shares. Janney Montgomery Scott Lc holds 4,100 shares.

John Ku increased its stake in Prestige Brands Hldgs Inc (PBH) by 111.8% based on its latest 2016Q4 regulatory filing with the SEC. Manor Road Capital Partners Llc bought 1.71M shares as the company’s stock declined 12.04% while stock markets rallied. The hedge fund run by John Ku held 3.23M shares of the health care company at the end of 2016Q4, valued at $168.28 million, up from 1.53 million at the end of the previous reported quarter. Manor Road Capital Partners Llc who had been investing in Prestige Brands Hldgs Inc for a number of months, seems to be bullish on the $2.76B market cap company. The stock declined 0.46% or $0.24 reaching $51.51 on the news. About 247,667 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since July 17, 2016 and is downtrending. It has underperformed by 25.27% the S&P500.

Manor Road Capital Partners Llc, which manages about $404.00M and $741.81M US Long portfolio, decreased its stake in Discovery Communicatns New (NASDAQ:DISCK) by 725,000 shares to 2.08 million shares, valued at $55.57M in 2016Q4, according to the filing.

More notable recent Prestige Brands Holdings, Inc. (NYSE:PBH) news were published by: Reuters.com which released: “Prestige Brands to buy Summer’s Eve maker CB Fleet for $825 million” on December 22, 2016, also Seekingalpha.com with their article: “Prestige Brands Holdings (PBH) Q4 2017 Results – Earnings Call Transcript” published on May 12, 2017, Seekingalpha.com published: “Prestige Brands Holdings (PBH) Q3 2017 Results – Earnings Call Transcript” on February 02, 2017. More interesting news about Prestige Brands Holdings, Inc. (NYSE:PBH) were released by: Businesswire.com and their article: “Prestige Brands Holdings, Inc. to Release Fiscal 2018 First Quarter Earnings …” published on July 05, 2017 as well as Seekingalpha.com‘s news article titled: “Prestige Brands – Looking Pricey And Risky As Roll-Ups Have Gone Out Of Favor” with publication date: December 26, 2016.

Prestige Brands Holdings, Inc. (NYSE:PBH) Ratings Coverage

Among 7 analysts covering Prestige Brands Holdings (NYSE:PBH), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Prestige Brands Holdings had 12 analyst reports since August 11, 2015 according to SRatingsIntel. Jefferies reinitiated the stock with “Hold” rating in Friday, June 2 report. Gabelli initiated Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Thursday, November 17. Gabelli has “Buy” rating and $65 target. The rating was upgraded by Sidoti to “Buy” on Friday, August 12. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Buy” rating given on Tuesday, December 27 by B. Riley & Co. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) earned “Outperform” rating by Raymond James on Monday, May 22. Piper Jaffray initiated it with “Overweight” rating and $58 target in Friday, February 5 report. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) on Wednesday, August 12 with “Hold” rating. The company was downgraded on Monday, November 30 by Jefferies. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Hold”.

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