Atria Investments Inc Sells 590 Shares of Phibro Animal Health Co. (NASDAQ:PAHC)

Atria Investments Inc reduced its stake in Phibro Animal Health Co. (NASDAQ:PAHC) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,988 shares of the company’s stock after selling 590 shares during the period. Atria Investments Inc’s holdings in Phibro Animal Health were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Phibro Animal Health during the third quarter valued at $70,000. New York State Teachers Retirement System lifted its position in Phibro Animal Health by 16.7% during the 4th quarter. New York State Teachers Retirement System now owns 5,428 shares of the company’s stock valued at $114,000 after purchasing an additional 775 shares during the period. Zacks Investment Management bought a new position in shares of Phibro Animal Health in the 3rd quarter valued at about $274,000. SG Americas Securities LLC grew its position in shares of Phibro Animal Health by 7.4% during the 4th quarter. SG Americas Securities LLC now owns 13,162 shares of the company’s stock worth $276,000 after buying an additional 906 shares during the period. Finally, Ieq Capital LLC bought a new stake in shares of Phibro Animal Health during the fourth quarter worth approximately $302,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Phibro Animal Health Stock Down 1.1 %

Shares of NASDAQ PAHC opened at $21.62 on Wednesday. The stock has a 50-day moving average price of $22.62 and a two-hundred day moving average price of $22.59. The company has a market cap of $875.67 million, a price-to-earnings ratio of 45.04, a PEG ratio of 0.45 and a beta of 0.58. Phibro Animal Health Co. has a 12 month low of $12.07 and a 12 month high of $26.55. The company has a current ratio of 3.20, a quick ratio of 1.37 and a debt-to-equity ratio of 2.99.

Phibro Animal Health (NASDAQ:PAHC) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. Phibro Animal Health had a net margin of 1.75% and a return on equity of 25.35%. As a group, analysts forecast that Phibro Animal Health Co. will post 1.95 earnings per share for the current fiscal year.

Phibro Animal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, March 5th. Phibro Animal Health’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

PAHC has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Phibro Animal Health from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Monday, February 10th. Morgan Stanley increased their price objective on shares of Phibro Animal Health from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, StockNews.com raised shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Phibro Animal Health currently has an average rating of “Hold” and an average price target of $21.00.

About Phibro Animal Health

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.