Van Den Berg Management I Inc. purchased a new stake in Post Holdings Inc (NYSE:POST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,172 shares of the company’s stock, valued at approximately $3,579,000. Van Den Berg Management I Inc. owned about 0.07% of Post at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Levin Capital Strategies L.P. boosted its position in shares of Post by 371.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 985,710 shares of the company’s stock valued at $78,098,000 after purchasing an additional 776,411 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Post by 46.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,312,200 shares of the company’s stock valued at $183,196,000 after acquiring an additional 734,100 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Post by 23.1% during the third quarter. JPMorgan Chase & Co. now owns 2,027,185 shares of the company’s stock valued at $176,447,000 after acquiring an additional 380,818 shares during the last quarter. Armistice Capital LLC purchased a new stake in shares of Post during the fourth quarter valued at approximately $24,720,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Post during the fourth quarter valued at approximately $18,112,000.
Shares of Post Holdings Inc (NYSE:POST) traded up $0.24 during midday trading on Monday, reaching $81.08. The company’s stock had a trading volume of 14,278 shares, compared to its average volume of 1,020,183. Post Holdings Inc has a 1-year low of $71.06 and a 1-year high of $89.04. The company has a market capitalization of $5,554.69, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.28 and a beta of -0.03. The company has a current ratio of 4.05, a quick ratio of 3.27 and a debt-to-equity ratio of 2.47.
A number of brokerages recently commented on POST. Zacks Investment Research raised Post from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Thursday, February 8th. Wells Fargo & Co decreased their price target on Post from $106.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Vertical Group raised Post from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Pivotal Research reaffirmed a “buy” rating and set a $105.00 price target on shares of Post in a research report on Friday, February 2nd. Finally, Citigroup set a $110.00 price objective on Post and gave the company a “buy” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $100.13.
In related news, CEO Robert V. Vitale acquired 2,720 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $73.72 per share, for a total transaction of $200,518.40. Following the completion of the acquisition, the chief executive officer now owns 268,058 shares in the company, valued at $19,761,235.76. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director William P. Stiritz acquired 100,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $71.99 per share, for a total transaction of $7,199,000.00. The disclosure for this purchase can be found here. Insiders have purchased 104,073 shares of company stock valued at $7,498,693 in the last three months. 7.40% of the stock is owned by corporate insiders.
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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