Manor Road Capital Partners Llc Decreased Prestige Brands Hldgs Inc (NYSE:PBH) Stake By $73.46 Million

May 23, 2018 - By Dolores Ford

Prestige Brands Holdings, Inc. (NYSE:PBH) LogoInvestors sentiment decreased to 1.12 in Q4 2017. Its down 0.52, from 1.64 in 2017Q3. It is negative, as 26 investors sold PBH shares while 72 reduced holdings. 33 funds opened positions while 77 raised stakes. 59.33 million shares or 5.79% more from 56.08 million shares in 2017Q3 were reported. Moreover, Millennium Ltd Liability Corporation has 0.03% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 546,233 shares. Amer Gru Incorporated has invested 0.02% in Prestige Brands Holdings, Inc. (NYSE:PBH). State Street reported 0.01% in Prestige Brands Holdings, Inc. (NYSE:PBH). 5,747 are held by Victory Cap Mgmt. Nuveen Asset Limited Liability Company holds 0.02% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH) for 83,788 shares. Louisiana State Employees Retirement owns 13,400 shares or 0.03% of their US portfolio. Northwestern Mutual Wealth Co accumulated 799 shares. First Mercantile owns 2,266 shares for 0.02% of their portfolio. 91 are held by Gemmer Asset Mgmt. Farmers And Merchants Invs owns 0% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 132 shares. Nomura Holding reported 15,890 shares or 0% of all its holdings. Proshare Advsrs Llc has 13,927 shares. Aristotle Capital Boston Limited Liability Company reported 319,686 shares stake. Mutual Of America Cap Mgmt Ltd Liability Company reported 93,153 shares. Dupont Capital Mgmt holds 102,818 shares.

John Ku decreased its stake in Prestige Brands Hldgs Inc (NYSE:PBH) by 46.61% based on its latest 2018Q1 regulatory filing with the SEC. Manor Road Capital Partners Llc sold 2.23M shares as the company’s stock declined 24.62% with the market. The hedge fund run by John Ku held 2.55 million shares of the health care company at the end of 2018Q1, valued at $85.99M, down from 4.78 million at the end of the previous reported quarter. Manor Road Capital Partners Llc who had been investing in Prestige Brands Hldgs Inc for a number of months, seems to be less bullish one the $1.76 billion market cap company. The stock decreased 1.98% or $0.67 during the last trading session, reaching $33.17. About 1.05M shares traded or 21.79% up from the average. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 40.38% since May 23, 2017 and is downtrending. It has underperformed by 51.93% the S&P500.

Estate Road Capital Partners, oversaw by John Ku, is a medium-sized trust found in New York City. John Ku and his group utilize alternatives notwithstanding long value plays. Manor Road Capital Partners Llc is a New York-based hedge fund that was founded by John Ku. It had more than $404.00 million assets under management in March, 2014. Taken from Manor Road Capital Partners latest Adv, the fund reported to have 5 full and part-time employees. Among which 3 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Prestige Brands Holdings, Inc. (NYSE:PBH) Ratings Coverage

Among 4 analysts covering Prestige Brands Holdings (NYSE:PBH), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Prestige Brands Holdings had 5 analyst reports since December 4, 2017 according to SRatingsIntel. The firm has “Outperform” rating by William Blair given on Monday, December 4. The firm has “Hold” rating given on Friday, February 2 by Jefferies. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Neutral” rating given on Monday, February 5 by DA Davidson. KeyBanc Capital Markets maintained it with “Overweight” rating and $43 target in Monday, February 5 report. The firm has “Hold” rating given on Friday, February 2 by DA Davidson.

Prestige Brands Holdings, Inc., through its subsidiaries, markets, sells, makes, and distributes over-the-counter healthcare and household cleaning products in North America, Australia, and internationally. The company has market cap of $1.76 billion. It operates through North American OTC Healthcare, International OTC Healthcare, and Household Cleaning divisions. It has a 5.23 P/E ratio. The companyÂ’s OTC healthcare products include Chloraseptic sore throat treatments and mouth pain products, Clear Eyes eye care products, Compound W wart removers, Dramamine Non-Drowsy naturals, Efferdent denture cleansers, Luden's throat drops, BC and Goody's analgesic powders, Beano for gas prevention, Debrox for ear wax removal, and Gaviscon for upset stomach remedies.

More important recent Prestige Brands Holdings, Inc. (NYSE:PBH) news were published by: Seekingalpha.com which released: “Prestige Brands Holdings (PBH) Q4 2018 Results – Earnings Call Transcript” on May 10, 2018, also Streetinsider.com published article titled: “Prestige Brands (PBH) Tops Q4 EPS by 1c, Slight Beat on Revenues”, Seekingalpha.com published: “Merck Is Inexpensive – Cramer’s Lightning Round (5/7/18)” on May 08, 2018. More interesting news about Prestige Brands Holdings, Inc. (NYSE:PBH) was released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Agios Pharmaceuticals, Corcept Therapeutics, Prestige Brand, Virtu Financial …” with publication date: May 17, 2018.

Prestige Brands Holdings, Inc. (NYSE:PBH) Institutional Positions Chart

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