Central Garden & Pet Company (CENT) Position Maintained by Nationwide Fund Advisors

Nationwide Fund Advisors held its stake in Central Garden & Pet Company (NASDAQ:CENT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,783 shares of the company’s stock at the end of the 2nd quarter. Nationwide Fund Advisors’ holdings in Central Garden & Pet were worth $247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after buying an additional 537 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Central Garden & Pet by 65.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock valued at $153,000 after buying an additional 1,641 shares during the last quarter. Sei Investments Co. raised its position in shares of Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after buying an additional 380 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in shares of Central Garden & Pet in the first quarter valued at about $212,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Central Garden & Pet in the first quarter valued at about $222,000. Institutional investors and hedge funds own 20.62% of the company’s stock.

Central Garden & Pet Company (CENT) opened at $35.58 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 3.38. The firm has a market cap of $1,842.12, a PE ratio of 23.10, a price-to-earnings-growth ratio of 2.14 and a beta of 0.03. Central Garden & Pet Company has a 12 month low of $25.91 and a 12 month high of $40.48.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a report on Friday, August 4th. BidaskClub lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. KeyCorp reissued a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, September 6th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Central Garden & Pet in a report on Thursday, August 3rd. Finally, Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.00.

In other news, Director Alfred A. Piergallini sold 6,390 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $32.20, for a total transaction of $205,758.00. Following the sale, the director now owns 60,430 shares of the company’s stock, valued at $1,945,846. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brooks Pennington III sold 2,226 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $33.58, for a total transaction of $74,749.08. Following the sale, the director now directly owns 48,365 shares in the company, valued at approximately $1,624,096.70. The disclosure for this sale can be found here. Insiders have sold 24,141 shares of company stock worth $805,437 in the last three months. Corporate insiders own 11.60% of the company’s stock.

About Central Garden & Pet

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENT)

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