Manor Road Capital Partners LLC Has Increased Prestige Brands Hldgs INC (PBH) Stake by $88.66 Million as Valuation Declined

July 17, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.74 in 2016 Q4. Its down 0.21, from 0.95 in 2016Q3. It dived, 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. Evercore Wealth Management Limited Liability Company owns 0% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 575 shares. Salem Inv Counselors invested in 0% or 56 shares. Louisiana State Employees Retirement Sys accumulated 13,100 shares or 0.04% of the stock. Schwab Charles Invest Management invested in 678,043 shares or 0.04% of the stock. Oxford Asset reported 0.31% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). Acadian Asset Mngmt Limited Liability invested in 98,373 shares or 0.02% of the stock. Bessemer Grp Inc owns 0.01% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 28,747 shares. Tiverton Asset Management Ltd Llc stated it has 0.12% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). Parametrica Mgmt Limited accumulated 1.03% or 20,036 shares. Eagle Asset Management has 0.46% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 1.34M shares. Ls Inv Advsrs Ltd Liability Company holds 0.01% or 3,875 shares in its portfolio. Profund Advisors Lc owns 12,316 shares or 0.03% of their US portfolio. Montecito Natl Bank & invested 0% in Prestige Brands Holdings, Inc. (NYSE:PBH). New York State Teachers Retirement Sys has 0.01% invested in Prestige Brands Holdings, Inc. (NYSE:PBH). Quantbot Lp owns 9,074 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 3.23 million shares of the health care company at the end of 2016Q4, valued at $168.28M, 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 $404.00 million and $741.81 million US Long portfolio, decreased its stake in Kinder Morgan Inc Del (NYSE:KMI) by 750,000 shares to 1.38M shares, valued at $28.48 million in 2016Q4, according to the filing.

More notable recent Prestige Brands Holdings, Inc. (NYSE:PBH) news were published by: Seekingalpha.com which released: “Prestige Brands Holdings (PBH) Q3 2017 Results – Earnings Call Transcript” on February 02, 2017, also Seekingalpha.com with their article: “Prestige Brands Holdings (PBH) Q4 2017 Results – Earnings Call Transcript” published on May 12, 2017, Businesswire.com published: “Prestige Brands Holdings, Inc. to Release Fiscal 2018 First Quarter Earnings …” on July 05, 2017. More interesting news about Prestige Brands Holdings, Inc. (NYSE:PBH) were released by: Reuters.com and their article: “Prestige Brands to buy Summer’s Eve maker CB Fleet for $825 million” published on December 22, 2016 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. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Buy” rating given on Friday, August 12 by Sidoti. The stock has “Hold” rating by Zacks on Tuesday, August 11. On Monday, May 22 the stock rating was upgraded by Raymond James to “Outperform”. The firm has “Overweight” rating by Piper Jaffray given on Friday, February 5. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) earned “Underperform” rating by Jefferies on Monday, November 30. Gabelli initiated the stock with “Buy” rating in Thursday, November 17 report. Jefferies reinitiated the stock with “Hold” rating in Friday, June 2 report. The firm has “Buy” rating by B. Riley & Co given on Tuesday, December 27. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) on Wednesday, August 12 with “Hold” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.