Fox Run Management L.l.c. buys $715,287 stake in Prestige Brands Holdings (PBH)

Prestige Brands Holdings (PBH) : Fox Run Management L.l.c. scooped up 9,400 additional shares in Prestige Brands Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 15,100 shares of Prestige Brands Holdings which is valued at $715,287.Prestige Brands Holdings makes up approximately 0.43% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in PBH in the latest quarter, The investment management firm added 672 additional shares and now holds a total of 14,063 shares of Prestige Brands Holdings which is valued at $666,164.Fisher Asset Management boosted its stake in PBH in the latest quarter, The investment management firm added 49,756 additional shares and now holds a total of 1,519,258 shares of Prestige Brands Holdings which is valued at $73,881,517. Prestige Brands Holdings makes up approx 0.14% of Fisher Asset Management’s portfolio. Cutler Group Lp sold out all of its stake in PBH during the most recent quarter. The investment firm sold 2,047 shares of PBH which is valued $99,546.Bnp Paribas Arbitrage Sa reduced its stake in PBH by selling 14,166 shares or 60.11% in the most recent quarter. The Hedge Fund company now holds 9,401 shares of PBH which is valued at $454,256.Ct Mason boosted its stake in PBH in the latest quarter, The investment management firm added 3,190 additional shares and now holds a total of 54,798 shares of Prestige Brands Holdings which is valued at $2,647,839. Prestige Brands Holdings makes up approx 1.17% of Ct Mason’s portfolio.

Prestige Brands Holdings closed down -1.26 points or -2.59% at $47.37 with 2,62,477 shares getting traded on Tuesday. Post opening the session at $48.52, the shares hit an intraday low of $46.941 and an intraday high of $48.52 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Prestige Brands Holdings reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.54. The company had revenue of $209.60 million for the quarter, compared to analysts expectations of $208.18 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Prestige Brands Holdings. Prestige Brands Holdings was Upgraded by Sidoti to ” Buy” on Aug 12, 2016.

Prestige Brands Holdings Inc. (Prestige) is a holding company. The Company is engaged in the marketing sales and distribution of brand name over-the-counter (OTC) healthcare and household cleaning products to mass merchandisers drug stores supermarkets and club convenience and dollar stores in North America (the United States and Canada) and in Australia and certain other international markets. The Company operates through three segments: North American OTC Healthcare International OTC Healthcare and Household Cleaning. The Company’s major brands include Chloraseptic Clear Eyes Compound W Dramamine Efferdent Little Remedies Luden’s The Doctor’s NightGuard The Doctor’s Brushpicks BC/Goody’s Beano Debrox Gaviscon Dermoplast New-Skin Fiber Choice Ecotrin Fess Hydralyte Monistat e.p.t Nix Chore Boy Comet and Spic and Span. The Company distributes across major retail channels including mass merchandisers food drug dollar convenience and club stores.

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