Pharmerica Corporation (PMC) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Pharmerica Corporation (NYSE:PMC) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,618,313 shares of the company’s stock after acquiring an additional 14,399 shares during the quarter. Dimensional Fund Advisors LP owned 8.41% of Pharmerica Corporation worth $68,731,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Pharmerica Corporation by 16.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 86,275 shares of the company’s stock worth $2,265,000 after acquiring an additional 12,425 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Pharmerica Corporation in the 2nd quarter worth approximately $218,000. Nordea Investment Management AB lifted its holdings in shares of Pharmerica Corporation by 0.9% in the 2nd quarter. Nordea Investment Management AB now owns 142,200 shares of the company’s stock worth $3,733,000 after acquiring an additional 1,300 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Pharmerica Corporation by 13.8% in the 2nd quarter. California Public Employees Retirement System now owns 92,400 shares of the company’s stock worth $2,426,000 after acquiring an additional 11,200 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Pharmerica Corporation by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,649,704 shares of the company’s stock worth $43,305,000 after acquiring an additional 85,838 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Shares of Pharmerica Corporation (NYSE:PMC) opened at 29.15 on Thursday. Pharmerica Corporation has a one year low of $19.20 and a one year high of $29.50. The stock has a 50 day moving average of $29.14 and a 200-day moving average of $26.37. The firm has a market capitalization of $907.18 million, a price-to-earnings ratio of 39.50 and a beta of 0.84.

Pharmerica Corporation (NYSE:PMC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Pharmerica Corporation had a net margin of 1.05% and a return on equity of 10.94%. The business had revenue of $592.00 million for the quarter, compared to analysts’ expectations of $592.96 million. During the same period in the previous year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts anticipate that Pharmerica Corporation will post $1.94 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Pharmerica Corporation from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, September 27th. ValuEngine lowered shares of Pharmerica Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Barrington Research lowered shares of Pharmerica Corporation from an “outperform” rating to an “underperform” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Pharmerica Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, KeyCorp lowered shares of Pharmerica Corporation to an “overweight” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Pharmerica Corporation has an average rating of “Hold” and a consensus target price of $30.50.

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Pharmerica Corporation Profile

Institutional Ownership by Quarter for Pharmerica Corporation (NYSE:PMC)

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