Systematic Financial Management LP Reduces Position in Post Holdings Inc (POST)
Systematic Financial Management LP lessened its holdings in Post Holdings Inc (NYSE:POST) by 96.8% in the first quarter, Holdings Channel reports. The institutional investor owned 1,011 shares of the company’s stock after selling 30,528 shares during the period. Systematic Financial Management LP’s holdings in Post were worth $111,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of POST. Oregon Public Employees Retirement Fund raised its holdings in Post by 8,813.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,290,017 shares of the company’s stock valued at $26,000 after buying an additional 2,264,324 shares during the last quarter. Bank of Montreal Can raised its holdings in Post by 737.4% during the 1st quarter. Bank of Montreal Can now owns 888,285 shares of the company’s stock worth $97,178,000 after purchasing an additional 782,206 shares during the last quarter. Norges Bank bought a new position in Post during the 4th quarter worth approximately $37,272,000. Victory Capital Management Inc. raised its holdings in Post by 77.6% during the 4th quarter. Victory Capital Management Inc. now owns 955,450 shares of the company’s stock worth $85,160,000 after purchasing an additional 417,543 shares during the last quarter. Finally, Martingale Asset Management L P raised its holdings in Post by 3,672.2% during the 4th quarter. Martingale Asset Management L P now owns 237,723 shares of the company’s stock worth $21,190,000 after purchasing an additional 231,421 shares during the last quarter. Institutional investors and hedge funds own 95.19% of the company’s stock.
POST has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Post from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Thursday, April 4th. Wells Fargo & Co set a $114.00 price target on shares of Post and gave the stock a “buy” rating in a report on Friday, January 25th. SunTrust Banks raised their price target on shares of Post to $115.00 and gave the stock a “buy” rating in a report on Monday, February 4th. Pivotal Research restated a “buy” rating and set a $125.00 price target on shares of Post in a report on Friday, May 3rd. Finally, Piper Jaffray Companies lowered shares of Post from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $115.00 to $109.00 in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Post presently has a consensus rating of “Buy” and a consensus target price of $117.90.
Post (NYSE:POST) last released its quarterly earnings data on Thursday, May 2nd. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.15. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Post had a net margin of 4.15% and a return on equity of 10.94%. Post’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 EPS. On average, analysts anticipate that Post Holdings Inc will post 5.05 EPS for the current fiscal year.
In other news, Director Robert E. Grote sold 750 shares of Post stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $99.89, for a total value of $74,917.50. Following the completion of the sale, the director now owns 6,950 shares in the company, valued at approximately $694,235.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.10% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Systematic Financial Management LP Reduces Position in Post Holdings Inc (POST)” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://theolympiareport.com/2019/05/22/systematic-financial-management-lp-reduces-position-in-post-holdings-inc-post.html.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
Featured Story: Do back-end load funds outperform no-load funds?
Want to see what other hedge funds are holding POST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Post Holdings Inc (NYSE:POST).
Receive News & Ratings for Post Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post and related companies with MarketBeat.com's FREE daily email newsletter.