Mutual of America Capital Management LLC Sells 1,083 Shares of Central Garden & Pet (NASDAQ:CENTA)

Mutual of America Capital Management LLC cut its stake in shares of Central Garden & Pet (NASDAQ:CENTA) by 12.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,822 shares of the company’s stock after selling 1,083 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Central Garden & Pet were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Central Garden & Pet by 503.2% in the 2nd quarter. Quarry LP now owns 754 shares of the company’s stock valued at $25,000 after purchasing an additional 629 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Central Garden & Pet in the second quarter valued at about $26,000. CWM LLC raised its holdings in Central Garden & Pet by 3,558.1% during the 2nd quarter. CWM LLC now owns 1,134 shares of the company’s stock worth $37,000 after purchasing an additional 1,103 shares during the last quarter. Quest Partners LLC bought a new position in Central Garden & Pet during the second quarter worth $37,000. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of Central Garden & Pet by 37.4% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company’s stock valued at $61,000 after purchasing an additional 449 shares during the period. 50.82% of the stock is currently owned by institutional investors.

Central Garden & Pet Price Performance

CENTA stock opened at $34.13 on Friday. The firm has a 50 day moving average of $30.84 and a 200-day moving average of $33.23. The firm has a market capitalization of $2.30 billion, a P/E ratio of 21.09 and a beta of 0.73. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.75. Central Garden & Pet has a 12 month low of $27.70 and a 12 month high of $41.03.

Analysts Set New Price Targets

Several research analysts recently issued reports on CENTA shares. 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. lowered their price objective 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 given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $41.33.

About Central Garden & Pet

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.