Brookstone Capital Management Purchases New Position in Energizer Holdings Inc (ENR)

Brookstone Capital Management purchased a new stake in Energizer Holdings Inc (NYSE:ENR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,996 shares of the company’s stock, valued at approximately $494,000.

A number of other hedge funds have also modified their holdings of ENR. CX Institutional bought a new position in shares of Energizer in the 4th quarter valued at about $51,000. Parkside Financial Bank & Trust grew its position in shares of Energizer by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,250 shares of the company’s stock valued at $57,000 after acquiring an additional 215 shares during the period. Eukles Asset Management bought a new position in shares of Energizer in the 4th quarter valued at about $98,000. NumerixS Investment Technologies Inc grew its position in shares of Energizer by 500.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the company’s stock valued at $108,000 after acquiring an additional 2,000 shares during the period. Finally, Sciencast Management LP bought a new position in shares of Energizer in the 1st quarter valued at about $226,000. Hedge funds and other institutional investors own 79.43% of the company’s stock.

A number of brokerages have recently commented on ENR. JPMorgan Chase & Co. began coverage on shares of Energizer in a research report on Friday, March 22nd. They issued a “neutral” rating and a $49.00 price objective for the company. Zacks Investment Research downgraded shares of Energizer from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Goldman Sachs Group raised shares of Energizer from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $48.00 to $60.00 in a research report on Sunday, March 31st. Citigroup decreased their price objective on shares of Energizer from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, March 26th. Finally, Evercore ISI initiated coverage on shares of Energizer in a report on Tuesday, February 12th. They set an “outperform” rating and a $55.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Energizer currently has an average rating of “Hold” and an average price target of $58.42.

Shares of ENR stock opened at $48.51 on Friday. The stock has a market cap of $3.39 billion, a P/E ratio of 14.39, a P/E/G ratio of 3.93 and a beta of 0.48. The company has a quick ratio of 1.10, a current ratio of 1.45 and a debt-to-equity ratio of 13.86. Energizer Holdings Inc has a 52 week low of $42.74 and a 52 week high of $65.57.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, February 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.53 by $0.11. The business had revenue of $572.00 million during the quarter, compared to the consensus estimate of $572.02 million. Energizer had a net margin of 5.78% and a return on equity of 452.08%. Energizer’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 EPS. On average, research analysts forecast that Energizer Holdings Inc will post 3 EPS for the current year.

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Energizer Company Profile

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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