New York State Teachers Retirement System raised its stake in shares of Phibro Animal Health Corporation (NASDAQ:PAHC) by 76.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,943 shares of the company’s stock after buying an additional 5,600 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Phibro Animal Health Corporation worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in Phibro Animal Health Corporation by 80.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,690 shares of the company’s stock valued at $136,000 after buying an additional 1,650 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Phibro Animal Health Corporation by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,370 shares of the company’s stock valued at $162,000 after acquiring an additional 150 shares during the last quarter. KBC Group NV bought a new position in shares of Phibro Animal Health Corporation during the 2nd quarter valued at approximately $166,000. Victory Capital Management Inc. boosted its position in shares of Phibro Animal Health Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,380 shares of the company’s stock valued at $199,000 after acquiring an additional 807 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Phibro Animal Health Corporation during the 2nd quarter valued at approximately $210,000. 50.36% of the stock is owned by institutional investors and hedge funds.

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Shares of Phibro Animal Health Corporation (NASDAQ:PAHC) opened at $34.30 on Wednesday. The stock has a market capitalization of $1,384.30, a price-to-earnings ratio of 22.52, a P/E/G ratio of 4.04 and a beta of 1.35. Phibro Animal Health Corporation has a 52-week low of $26.10 and a 52-week high of $40.25. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.26 and a quick ratio of 1.85.

Phibro Animal Health Corporation (NASDAQ:PAHC) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $193.40 million during the quarter, compared to the consensus estimate of $189.89 million. Phibro Animal Health Corporation had a return on equity of 42.75% and a net margin of 8.87%. Phibro Animal Health Corporation’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. analysts anticipate that Phibro Animal Health Corporation will post 1.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 6th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.17%. Phibro Animal Health Corporation’s dividend payout ratio is presently 23.53%.

A number of research firms have recently commented on PAHC. Piper Jaffray Companies set a $41.00 target price on Phibro Animal Health Corporation and gave the company a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded Phibro Animal Health Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub downgraded Phibro Animal Health Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Credit Suisse Group increased their target price on Phibro Animal Health Corporation from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Finally, ValuEngine downgraded Phibro Animal Health Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Phibro Animal Health Corporation has an average rating of “Hold” and a consensus target price of $38.25.

In related news, VP Daniel M. Bendheim sold 4,976 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $40.01, for a total value of $199,089.76. Following the completion of the sale, the vice president now directly owns 4,176 shares in the company, valued at $167,081.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dean J. Warras sold 10,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $35.70, for a total value of $357,000.00. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at $357,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 284,767 shares of company stock valued at $10,317,421. 51.88% of the stock is owned by corporate insiders.

About Phibro Animal Health Corporation

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

Institutional Ownership by Quarter for Phibro Animal Health Corporation (NASDAQ:PAHC)

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