Y Intercept Hong Kong Ltd Sells 14,863 Shares of Central Garden & Pet (NASDAQ:CENTA)

Y Intercept Hong Kong Ltd lowered its stake in Central Garden & Pet (NASDAQ:CENTA) by 52.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,359 shares of the company’s stock after selling 14,863 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Central Garden & Pet were worth $419,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of Central Garden & Pet by 503.2% in the 2nd quarter. Quarry LP now owns 754 shares of the company’s stock worth $25,000 after acquiring an additional 629 shares during the last quarter. Federated Hermes Inc. bought a new stake in Central Garden & Pet in the second quarter worth about $26,000. Quest Partners LLC purchased a new position in shares of Central Garden & Pet during the second quarter valued at approximately $37,000. CWM LLC grew its stake in shares of Central Garden & Pet by 3,558.1% during the second quarter. CWM LLC now owns 1,134 shares of the company’s stock valued at $37,000 after buying an additional 1,103 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Central Garden & Pet in the second quarter worth approximately $61,000. 50.82% of the stock is owned by institutional investors.

Central Garden & Pet Trading Down 0.2 %

NASDAQ CENTA opened at $34.64 on Tuesday. The company’s 50-day simple moving average is $31.71 and its two-hundred day simple moving average is $32.74. Central Garden & Pet has a one year low of $27.70 and a one year high of $41.03. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 21.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.19 and a current ratio of 3.66.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $41.33.

About Central Garden & Pet

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.