Private Trust Co Na Lowers stake in Neogen Corporation (NEOG)

Neogen Corporation (NEOG) : Private Trust Co Na reduced its stake in Neogen Corporation by 1.86% during the most recent quarter end. The investment management company now holds a total of 43,514 shares of Neogen Corporation which is valued at $2,325,388 after selling 824 shares in Neogen Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Neogen Corporation makes up approximately 0.58% of Private Trust Co Na’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in NEOG in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 162 shares of Neogen Corporation which is valued at $8,657.Legal General Group Plc boosted its stake in NEOG in the latest quarter, The investment management firm added 26,769 additional shares and now holds a total of 34,836 shares of Neogen Corporation which is valued at $1,886,369.Conestoga Capital Advisors boosted its stake in NEOG in the latest quarter, The investment management firm added 96,293 additional shares and now holds a total of 877,779 shares of Neogen Corporation which is valued at $48,901,068. Neogen Corporation makes up approx 3.36% of Conestoga Capital Advisors’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in NEOG by selling 6,021 shares or 51.4% in the most recent quarter. The Hedge Fund company now holds 5,693 shares of NEOG which is valued at $314,994.

Neogen Corporation closed down -1.56 points or -2.80% at $54.15 with 85,261 shares getting traded on Tuesday. Post opening the session at $55.69, the shares hit an intraday low of $53.94 and an intraday high of $55.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Neogen Corporation reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Sep 27, 2016. Analyst had a consensus of $0.27. The company had revenue of $83.65 million for the quarter, compared to analysts expectations of $86.10 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Neogen Corporation develops manufactures and markets a diverse line of products dedicated to food and animal safety. The Company has two segments: Food Safety and Animal Safety. The Food Safety segment is engaged in the development production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins foodborne bacteria allergens and levels of general sanitation. The Animal Safety segment is engaged in the development production and marketing of products dedicated to animal safety including a complete line of consumable products marketed to veterinarians and animal health product distributors. It also provides genomic identification and related interpretive bioinformatics services. Additionally the Animal Safety segment produces and markets rodenticides disinfectants and insecticides to assist in control of rodents insects and disease in and around agricultural food production and other facilities.

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