Mutual of America Capital Management LLC Cuts Stock Position in Central Garden & Pet (NASDAQ:CENTA)

Mutual of America Capital Management LLC lowered its holdings in Central Garden & Pet (NASDAQ:CENTA) by 12.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,822 shares of the company’s stock after selling 1,083 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Central Garden & Pet were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its position in shares of Central Garden & Pet by 503.2% in the second quarter. Quarry LP now owns 754 shares of the company’s stock valued at $25,000 after acquiring an additional 629 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Central Garden & Pet during the second quarter valued at approximately $26,000. CWM LLC boosted its holdings in Central Garden & Pet by 3,558.1% in the second quarter. CWM LLC now owns 1,134 shares of the company’s stock valued at $37,000 after purchasing an additional 1,103 shares during the last quarter. Quest Partners LLC bought a new position in Central Garden & Pet during the 2nd quarter valued at $37,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Central Garden & Pet by 37.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company’s stock worth $61,000 after purchasing an additional 449 shares during the period. Institutional investors and hedge funds own 50.82% of the company’s stock.

Central Garden & Pet Trading Up 1.1 %

CENTA opened at $34.13 on Friday. The firm has a 50 day simple moving average of $30.84 and a 200 day simple moving average of $33.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16. Central Garden & Pet has a fifty-two week low of $27.70 and a fifty-two week high of $41.03. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 21.09 and a beta of 0.73.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CENTA. StockNews.com cut Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Central Garden & Pet presently has an average rating of “Buy” and an average 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.