Bridgewater Associates LP Reduces Stock Holdings in Central Garden & Pet (NASDAQ:CENTA)

Bridgewater Associates LP lowered its holdings in shares of Central Garden & Pet (NASDAQ:CENTA) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,072 shares of the company’s stock after selling 15,008 shares during the quarter. Bridgewater Associates LP owned approximately 0.15% of Central Garden & Pet worth $3,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP raised its holdings in Central Garden & Pet by 253.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,891 shares of the company’s stock worth $122,000 after purchasing an additional 2,791 shares during the period. FMR LLC raised its stake in shares of Central Garden & Pet by 33.8% in the third quarter. FMR LLC now owns 76,388 shares of the company’s stock worth $2,399,000 after buying an additional 19,306 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Central Garden & Pet by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 691,092 shares of the company’s stock valued at $21,700,000 after acquiring an additional 59,368 shares during the period. Mirabella Financial Services LLP increased its holdings in Central Garden & Pet by 4.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 630,051 shares of the company’s stock worth $19,784,000 after acquiring an additional 27,249 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Central Garden & Pet in the 3rd quarter worth approximately $1,012,000. Institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Price Performance

Shares of NASDAQ:CENTA opened at $33.79 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.16 and a current ratio of 3.66. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 20.86 and a beta of 0.73. The firm has a fifty day moving average price of $30.88 and a 200 day moving average price of $33.19. Central Garden & Pet has a fifty-two week low of $27.70 and a fifty-two week high of $41.03.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CENTA. StockNews.com lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $41.33.

Central Garden & Pet Profile

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.