Blair William & Co. IL lessened its holdings in Freshpet Inc (NASDAQ:FRPT) by 22.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,325 shares of the company’s stock after selling 10,000 shares during the period. Blair William & Co. IL owned approximately 0.10% of Freshpet worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. WINTON GROUP Ltd lifted its stake in shares of Freshpet by 9.8% in the 3rd quarter. WINTON GROUP Ltd now owns 17,580 shares of the company’s stock valued at $645,000 after purchasing an additional 1,565 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Freshpet by 132.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,654 shares of the company’s stock valued at $168,000 after purchasing an additional 2,654 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Freshpet by 13.2% in the 3rd quarter. Engineers Gate Manager LP now owns 28,750 shares of the company’s stock valued at $1,055,000 after purchasing an additional 3,363 shares during the last quarter. Credit Suisse AG lifted its stake in shares of Freshpet by 1.4% in the 3rd quarter. Credit Suisse AG now owns 261,903 shares of the company’s stock valued at $9,612,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Freshpet by 39.5% in the 3rd quarter. Fisher Asset Management LLC now owns 16,019 shares of the company’s stock valued at $588,000 after purchasing an additional 4,532 shares during the last quarter. 73.03% of the stock is currently owned by institutional investors and hedge funds.
In related news, COO Scott James Morris sold 3,512 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $37.75, for a total transaction of $132,578.00. Following the transaction, the chief operating officer now owns 173,672 shares of the company’s stock, valued at approximately $6,556,118. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.
FRPT opened at $31.72 on Friday. Freshpet Inc has a 12-month low of $15.67 and a 12-month high of $40.58. The stock has a market cap of $1.13 billion, a P/E ratio of -264.33 and a beta of 1.50.
Several equities analysts have recently commented on the company. BidaskClub lowered Freshpet from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered Freshpet from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Imperial Capital upped their price target on Freshpet from $18.00 to $35.00 and gave the company an “in-line” rating in a research note on Tuesday, November 6th. Finally, Credit Suisse Group upped their price target on Freshpet from $26.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.57.
COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/12/08/freshpet-inc-frpt-stake-lowered-by-blair-william-co-il.html.
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
Read More: Day Trading
Want to see what other hedge funds are holding FRPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freshpet Inc (NASDAQ:FRPT).
Receive News & Ratings for Freshpet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshpet and related companies with MarketBeat.com's FREE daily email newsletter.