Friess Associates LLC Trimmed Its Prestige Brands Holdings INC (PBH) Stake as Share Value Declined

February 15, 2018 - By Clifton Ray

Investors sentiment increased to 1.64 in 2017 Q3. Its up 0.34, from 1.3 in 2017Q2. It is positive, as 19 investors sold PBH shares while 57 reduced holdings. 32 funds opened positions while 93 raised stakes. 56.08 million shares or 5.89% more from 52.96 million shares in 2017Q2 were reported. Morgan Stanley owns 321,246 shares or 0% of their US portfolio. Tower Research Cap Ltd Liability Co (Trc) invested 0.02% in Prestige Brands Holdings, Inc. (NYSE:PBH). Great West Life Assurance Can holds 0% or 30,449 shares in its portfolio. Wells Fargo & Com Mn owns 282,874 shares. Goldman Sachs Group invested in 0.01% or 713,700 shares. Point72 Asia (Hong Kong) Limited has invested 0.01% in Prestige Brands Holdings, Inc. (NYSE:PBH). 23,000 were reported by Weiss Multi. Bbva Compass Fincl Bank accumulated 0.03% or 8,249 shares. Northern Trust Corp owns 871,222 shares for 0.01% of their portfolio. Retirement Systems Of Alabama has 99,085 shares for 0.03% of their portfolio. Ranger Mngmt Limited Partnership holds 507,748 shares or 1.91% of its portfolio. Teacher Retirement System Of Texas holds 0% in Prestige Brands Holdings, Inc. (NYSE:PBH) or 4,387 shares. Magnetar Limited Liability Corporation invested in 0.03% or 23,434 shares. Fifth Third National Bank holds 0% or 10,392 shares. Ig Management has 14,585 shares.

Friess Associates Llc decreased its stake in Prestige Brands Holdings Inc. (PBH) by 68.46% based on its latest 2017Q3 regulatory filing with the SEC. Friess Associates Llc sold 198,532 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 91,468 shares of the health care company at the end of 2017Q3, valued at $4.58M, down from 290,000 at the end of the previous reported quarter. Friess Associates Llc who had been investing in Prestige Brands Holdings Inc. for a number of months, seems to be less bullish one the $1.84 billion market cap company. The stock increased 0.99% or $0.3399 during the last trading session, reaching $34.7499. About 680,915 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since February 15, 2017 and is downtrending. It has underperformed by 25.27% the S&P500.

More news for Prestige Brands Holdings, Inc. (NYSE:PBH) were recently published by: Seekingalpha.com, which released: “Prestige Brands Holdings’ (PBH) CEO Ronald Lombardi on Q3 2018 Results …” on February 01, 2018. Nasdaq.com‘s article titled: “Oversold Conditions For Prestige Brands Holdings” and published on January 30, 2018 is yet another important article.

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

Among 10 analysts covering Prestige Brands Holdings (NYSE:PBH), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Prestige Brands Holdings had 24 analyst reports since August 11, 2015 according to SRatingsIntel. As per Friday, June 2, the company rating was reinitiated by Jefferies. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Hold” rating given on Thursday, November 2 by Jefferies. The firm earned “Hold” rating on Monday, August 14 by Jefferies. As per Thursday, October 12, the company rating was maintained by DA Davidson. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Outperform” rating given on Wednesday, November 15 by BMO Capital Markets. Zacks upgraded Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Tuesday, August 11. Zacks has “Hold” rating and $54 target. On Monday, February 5 the stock rating was downgraded by DA Davidson to “Neutral”. The stock has “Hold” rating by DA Davidson on Friday, February 2. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Outperform” rating given on Monday, May 22 by Raymond James. Piper Jaffray initiated Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Friday, February 5. Piper Jaffray has “Overweight” rating and $58 target.

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