Bridgewater Associates LP Decreases Stock Holdings in Central Garden & Pet (NASDAQ:CENTA)

Bridgewater Associates LP reduced its holdings in Central Garden & Pet (NASDAQ:CENTA) by 13.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,072 shares of the company’s stock after selling 15,008 shares during the period. Bridgewater Associates LP’s holdings in Central Garden & Pet were worth $3,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Quantbot Technologies LP lifted its holdings in shares of Central Garden & Pet by 253.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,891 shares of the company’s stock valued at $122,000 after acquiring an additional 2,791 shares during the last quarter. FMR LLC raised its position in Central Garden & Pet by 33.8% during the third quarter. FMR LLC now owns 76,388 shares of the company’s stock valued at $2,399,000 after purchasing an additional 19,306 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Central Garden & Pet by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 691,092 shares of the company’s stock valued at $21,700,000 after purchasing an additional 59,368 shares during the last quarter. Mirabella Financial Services LLP boosted its holdings in shares of Central Garden & Pet by 4.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 630,051 shares of the company’s stock worth $19,784,000 after purchasing an additional 27,249 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Central Garden & Pet during the 3rd quarter valued at approximately $1,012,000. 50.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CENTA. StockNews.com lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $41.33.

Central Garden & Pet Stock Down 1.0 %

NASDAQ:CENTA opened at $33.79 on Friday. The stock has a fifty day simple moving average of $30.88 and a 200-day simple moving average of $33.19. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 20.86 and a beta of 0.73. Central Garden & Pet has a twelve month low of $27.70 and a twelve month high of $41.03.

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.