North Star Investment Management Corp. Lowers stake in Central Garden & Pet Co (CENT)

Central Garden & Pet Co (CENT) : North Star Investment Management Corp. reduced its stake in Central Garden & Pet Co by 11.74% during the most recent quarter end. The investment management company now holds a total of 112,775 shares of Central Garden & Pet Co which is valued at $2,932,150 after selling 15,000 shares in Central Garden & Pet Co , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Central Garden & Pet Co makes up approximately 0.53% of North Star Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in CENT in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 17,950 shares of Central Garden & Pet Co which is valued at $466,700.Advisory Services Network reduced its stake in CENT by selling 758 shares or 94.75% in the most recent quarter. The Hedge Fund company now holds 42 shares of CENT which is valued at $1,116.Simplex Trading boosted its stake in CENT in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 620 shares of Central Garden & Pet Co which is valued at $16,480. Washington Trust Bank added CENT to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $636.Eqis Capital Management boosted its stake in CENT in the latest quarter, The investment management firm added 7,323 additional shares and now holds a total of 22,925 shares of Central Garden & Pet Co which is valued at $607,742. Central Garden & Pet Co makes up approx 0.04% of Eqis Capital Management’s portfolio.

Central Garden & Pet Co closed down -0.56 points or -2.11% at $26 with 1,23,919 shares getting traded on Tuesday. Post opening the session at $26.44, the shares hit an intraday low of $25.68 and an intraday high of $26.58 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Central Garden & Pet Co reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.43. The company had revenue of $514.54 million for the quarter, compared to analysts expectations of $490.85 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Central Garden & Pet Company is a marketer and producer of branded products. The Company is the supplier of pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Garden Products and Pet Products. The Company’s pet supplies products include products for dogs and cats including edible bones premium healthy edible and non-edible chews super premium dog and cat food and treats toys pet carriers grooming supplies and other accessories; products for birds among others. The Company’s lawn and garden supplies products include proprietary and non-proprietary grass seed; wild bird feed bird feeders bird houses and other birding accessories; weed grass ant and other herbicide insecticide and pesticide products; and decorative outdoor lifestyle and lighting products including pottery trellises and other wood products and holiday lighting.

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