Perrigo Company PLC (PRGO) Position Lessened by Paloma Partners Management Co

Paloma Partners Management Co lowered its position in shares of Perrigo Company PLC (NYSE:PRGO) by 61.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,200 shares of the company’s stock after selling 9,890 shares during the quarter. Paloma Partners Management Co’s holdings in Perrigo were worth $240,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new stake in shares of Perrigo in the 4th quarter worth about $26,000. Oregon Public Employees Retirement Fund grew its position in shares of Perrigo by 3,574.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,430,805 shares of the company’s stock valued at $37,000 after buying an additional 1,391,870 shares during the last quarter. Advisor Group Inc. grew its position in shares of Perrigo by 822.2% during the 4th quarter. Advisor Group Inc. now owns 1,079 shares of the company’s stock valued at $41,000 after buying an additional 962 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Perrigo during the 4th quarter valued at about $85,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Perrigo during the 4th quarter valued at about $139,000. Institutional investors own 85.29% of the company’s stock.

Shares of NYSE PRGO traded down $1.04 during midday trading on Friday, reaching $48.82. The company’s stock had a trading volume of 1,372,716 shares, compared to its average volume of 1,093,582. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.89 and a quick ratio of 1.32. Perrigo Company PLC has a one year low of $36.28 and a one year high of $82.95. The company has a market capitalization of $6.63 billion, a P/E ratio of 10.73, a PEG ratio of 2.51 and a beta of 1.31.

Perrigo (NYSE:PRGO) last released its earnings results on Wednesday, February 27th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). Perrigo had a return on equity of 10.74% and a net margin of 2.77%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts anticipate that Perrigo Company PLC will post 4.16 earnings per share for the current year.

A number of equities research analysts recently weighed in on PRGO shares. Morgan Stanley set a $67.00 price objective on shares of Perrigo and gave the company a “hold” rating in a research report on Sunday, December 23rd. Leerink Swann reduced their target price on shares of Perrigo from $70.00 to $56.00 in a research note on Monday, December 24th. Wells Fargo & Co set a $46.00 target price on shares of Perrigo and gave the company a “hold” rating in a research note on Sunday, December 30th. Royal Bank of Canada set a $50.00 target price on shares of Perrigo and gave the company a “hold” rating in a research note on Friday, January 4th. Finally, SunTrust Banks began coverage on shares of Perrigo in a research note on Tuesday, March 19th. They set a “hold” rating and a $51.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $74.33.

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About Perrigo

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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