Mirabella Financial Services LLP Has $19.78 Million Stock Holdings in Central Garden & Pet (NASDAQ:CENTA)

Mirabella Financial Services LLP grew its stake in shares of Central Garden & Pet (NASDAQ:CENTA) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 630,051 shares of the company’s stock after buying an additional 27,249 shares during the quarter. Central Garden & Pet accounts for approximately 1.3% of Mirabella Financial Services LLP’s portfolio, making the stock its 19th biggest position. Mirabella Financial Services LLP’s holdings in Central Garden & Pet were worth $19,784,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their target price on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $41.33.

Central Garden & Pet Stock Up 0.9 %

Central Garden & Pet stock opened at $33.18 on Monday. 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 debt-to-equity ratio of 0.75, a quick ratio of 2.16 and a current ratio of 3.66. The firm’s 50-day simple moving average is $30.80 and its 200 day simple moving average is $33.32. The stock has a market cap of $2.24 billion, a PE ratio of 15.30 and a beta of 0.73.

Insider Transactions at Central Garden & Pet

In other news, Chairman William E. Brown sold 60,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the completion of the sale, the chairman now directly owns 1,125,773 shares of the company’s stock, valued at $37,758,426.42. This trade represents a 5.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 20.28% of the company’s stock.

Central Garden & Pet Company Profile

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.