Moore Capital Management LP increased its stake in shares of Post Holdings Inc. (NYSE:POST) by 25.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,000 shares of the company’s stock after buying an additional 66,000 shares during the period. Post Holdings accounts for about 0.9% of Moore Capital Management LP’s investment portfolio, making the stock its 16th largest position. Moore Capital Management LP owned approximately 0.50% of Post Holdings worth $25,080,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in POST. First Trust Advisors LP increased its stake in shares of Post Holdings by 1,617.2% in the third quarter. First Trust Advisors LP now owns 1,471,301 shares of the company’s stock valued at $113,540,000 after buying an additional 1,385,620 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in Post Holdings by 118.6% in the second quarter. BlueMountain Capital Management LLC now owns 972,606 shares of the company’s stock valued at $80,425,000 after buying an additional 527,618 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Post Holdings during the second quarter valued at about $39,749,000. Victory Capital Management Inc. acquired a new stake in Post Holdings during the third quarter valued at about $32,072,000. Finally, Adage Capital Partners GP L.L.C. increased its stake in Post Holdings by 325.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 340,000 shares of the company’s stock valued at $28,115,000 after buying an additional 260,000 shares in the last quarter.
Shares of Post Holdings Inc. (NYSE:POST) opened at 84.92 on Thursday. Post Holdings Inc. has a one year low of $53.47 and a one year high of $89.00. The firm’s market cap is $5.51 billion. The stock has a 50 day moving average price of $79.89 and a 200 day moving average price of $80.74.
Post Holdings (NYSE:POST) last released its earnings results on Thursday, November 17th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. The business had revenue of $1.26 billion for the quarter. Post Holdings had a positive return on equity of 6.92% and a negative net margin of 0.07%. Post Holdings’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. On average, equities research analysts forecast that Post Holdings Inc. will post $2.61 EPS for the current year.
POST has been the topic of several analyst reports. BMO Capital Markets downgraded Post Holdings from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $90.00 to $83.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. Zacks Investment Research downgraded Post Holdings from a “buy” rating to a “hold” rating in a report on Saturday, October 8th. Stifel Nicolaus dropped their price objective on Post Holdings from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, November 21st. Finally, TheStreet downgraded Post Holdings from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $88.17.
In related news, Director William P. Stiritz bought 120,000 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average price of $75.48 per share, with a total value of $9,057,600.00. Following the completion of the transaction, the director now owns 1,381,996 shares in the company, valued at $104,313,058.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is owned by corporate insiders.
Post Holdings Company Profile
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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