Richmond Hill Investments buys $38.1 Million stake in Post Holdings Inc (POST)

Post Holdings Inc (POST) : Richmond Hill Investments scooped up 37,000 additional shares in Post Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 508,777 shares of Post Holdings Inc which is valued at $38.1 Million.Post Holdings Inc makes up approximately 22.93% of Richmond Hill Investments’s portfolio.

Other Hedge Funds, Including , Cavalier Investments sold out all of its stake in POST during the most recent quarter. The investment firm sold 13,000 shares of POST which is valued $972,530.Omers Administration Corp boosted its stake in POST in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 8,100 shares of Post Holdings Inc which is valued at $605,961. Post Holdings Inc makes up approx 0.01% of Omers Administration Corp’s portfolio.Profund Advisors reduced its stake in POST by selling 2,055 shares or 18.48% in the most recent quarter. The Hedge Fund company now holds 9,063 shares of POST which is valued at $675,194. Post Holdings Inc makes up approx 0.04% of Profund Advisors’s portfolio. Los Angeles Capital Management Equity Research Inc sold out all of its stake in POST during the most recent quarter. The investment firm sold 4,420 shares of POST which is valued $329,290.

Post Holdings Inc opened for trading at $74.95 and hit $75.88 on the upside on Wednesday, eventually ending the session at $75.69, with a gain of 1.30% or 0.97 points. The heightened volatility saw the trading volume jump to 9,86,204 shares. Company has a market cap of $4,868 M.

On the company’s financial health, Post Holdings Inc reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.34. The company had revenue of $1248.00 million for the quarter, compared to analysts expectations of $1325.66 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.15 EPS.

Many Wall Street Analysts have commented on Post Holdings Inc. Post Holdings Inc was Initiated by KeyBanc Capital Mkts to “Overweight” on May 26, 2016. Company shares were Reiterated by Stifel on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $75 .Company shares were Reiterated by Pivotal Research Group on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $83 .

Post Holdings Inc. is a consumer packaged goods holding company. The Company operates through four segments namely Post Consumer Brands Michael Foods Group Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands. Its Michael Foods Group segment produces and distributes egg products refrigerated potato products cheese and other dairy case products and pasta products. Its Private Brands segment manufactures and distributes organic and conventional private label peanut butter and other nut butters baking nuts raisins and other dried fruit and trail mixes. Its Active Nutrition segment markets and distributes protein beverages and bars under the Premier Protein brand protein powders and bars under the Dymatize and Supreme Protein brands and ready-to-drink beverages and other liquid-based solutions under the Joint Juice brand.

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