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Teacher Retirement System of Texas Sells 57,605 Shares of Phibro Animal Health Corporation (NASDAQ:PAHC)

Phibro Animal Health logo with Medical background

Teacher Retirement System of Texas decreased its position in Phibro Animal Health Corporation (NASDAQ:PAHC - Free Report) by 75.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,246 shares of the company's stock after selling 57,605 shares during the quarter. Teacher Retirement System of Texas' holdings in Phibro Animal Health were worth $411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Phibro Animal Health during the fourth quarter valued at about $29,000. Lazard Asset Management LLC increased its position in shares of Phibro Animal Health by 2,739.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,647 shares of the company's stock valued at $34,000 after buying an additional 1,589 shares during the period. Virtus Fund Advisers LLC purchased a new position in shares of Phibro Animal Health during the fourth quarter valued at about $69,000. Aquatic Capital Management LLC purchased a new position in shares of Phibro Animal Health during the fourth quarter valued at about $69,000. Finally, Quantbot Technologies LP increased its position in shares of Phibro Animal Health by 65.1% during the fourth quarter. Quantbot Technologies LP now owns 5,116 shares of the company's stock valued at $107,000 after buying an additional 2,018 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PAHC. BNP Paribas upgraded shares of Phibro Animal Health to a "hold" rating in a research report on Monday, June 16th. Morgan Stanley set a $26.00 price objective on shares of Phibro Animal Health and gave the stock an "equal weight" rating in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Phibro Animal Health from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised shares of Phibro Animal Health from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $25.00 to $35.00 in a research note on Monday, July 7th. Finally, BNP Paribas Exane raised shares of Phibro Animal Health from an "underperform" rating to a "neutral" rating and set a $24.00 price objective on the stock in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $24.40.

Get Our Latest Research Report on PAHC

Phibro Animal Health Stock Down 0.9%

Shares of NASDAQ PAHC traded down $0.27 during midday trading on Monday, hitting $29.14. The stock had a trading volume of 302,501 shares, compared to its average volume of 225,288. The business's 50 day moving average is $25.77 and its 200-day moving average is $22.78. The company has a market cap of $1.18 billion, a P/E ratio of 37.36, a PEG ratio of 0.49 and a beta of 0.75. Phibro Animal Health Corporation has a 52 week low of $16.16 and a 52 week high of $31.80. The company has a quick ratio of 1.23, a current ratio of 2.91 and a debt-to-equity ratio of 2.67.

Phibro Animal Health (NASDAQ:PAHC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $347.80 million for the quarter, compared to the consensus estimate of $352.41 million. Phibro Animal Health had a net margin of 2.68% and a return on equity of 30.51%. As a group, analysts predict that Phibro Animal Health Corporation will post 1.95 EPS for the current year.

Phibro Animal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%. Phibro Animal Health's dividend payout ratio (DPR) is 61.54%.

About Phibro Animal Health

(Free Report)

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.

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

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