Neogen Corp (NASDAQ:NEOG): Negative Stock Sentiment

July 18, 2017 - By Stephen Andrade

 Neogen Corp (NASDAQ:NEOG): Negative Stock Sentiment

Sentiment for Neogen Corp (NASDAQ:NEOG)

Neogen Corp (NASDAQ:NEOG) institutional sentiment decreased to 0.84 in 2016 Q4. Its down -0.02, from 0.86 in 2016Q3. The ratio turned negative, as 81 active investment managers increased and opened new stock positions, while 96 sold and decreased equity positions in Neogen Corp. The active investment managers in our partner’s database now own: 32.08 million shares, up from 31.88 million shares in 2016Q3. Also, the number of active investment managers holding Neogen Corp in their top 10 stock positions was flat from 4 to 4 for the same number . Sold All: 15 Reduced: 81 Increased: 50 New Position: 31.

Neogen Corporation develops, manufactures and markets a range of services and products dedicated to food and animal safety. The company has market cap of $2.49 billion. The Firm operates through two divisions: Food Safety and Animal Safety. It has a 60.44 P/E ratio. The Food Safety segment produces and markets 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.

About 6,797 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 27.20% since July 18, 2016 and is uptrending. It has outperformed by 10.50% the S&P500.

Brown Capital Management Llc holds 5.17% of its portfolio in Neogen Corporation for 5.37 million shares. Wms Partners Llc owns 496,144 shares or 4.35% of their US portfolio. Moreover, Tirschwell & Loewy Inc has 4.07% invested in the company for 344,289 shares. The Pennsylvania-based Conestoga Capital Advisors Llc has invested 3.25% in the stock. North Point Portfolio Managers Corp Oh, a Ohio-based fund reported 204,198 shares.#img1#

Since January 1, 0001, it had 0 buys, and 5 selling transactions for $5.42 million activity.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

Ratings analysis reveals 0 of Neogen’s analysts are positive. Out of 3 Wall Street analysts rating Neogen, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. NEOG was included in 4 notes of analysts from August 26, 2015. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. The firm has “Hold” rating given on Tuesday, December 22 by Craig Hallum. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”.

More notable recent Neogen Corporation (NASDAQ:NEOG) news were published by: Prnewswire.com which released: “Neogen develops fastest Listeria test with no enrichment” on July 10, 2017, also Prnewswire.com with their article: “Neogen expands food safety genomic testing” published on June 19, 2017, Prnewswire.com published: “Neogen launches revolutionary new mycotoxin tests” on January 31, 2017. More interesting news about Neogen Corporation (NASDAQ:NEOG) were released by: Seekingalpha.com and their article: “Neogen Corporation’s (NEOG) CEO Jim Herbert on Q3 2017 Results – Earnings Call …” published on March 21, 2017 as well as Prnewswire.com‘s news article titled: “Neogen names new CEO” with publication date: July 17, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.