CastleKnight Management LP Boosts Position in Phibro Animal Health Co. (NASDAQ:PAHC)

CastleKnight Management LP increased its position in shares of Phibro Animal Health Co. (NASDAQ:PAHC - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,433 shares of the company's stock after acquiring an additional 22,796 shares during the quarter. CastleKnight Management LP owned about 0.96% of Phibro Animal Health worth $8,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hussman Strategic Advisors Inc. acquired a new position in Phibro Animal Health in the fourth quarter valued at about $2,205,000. Alliancebernstein L.P. increased its holdings in Phibro Animal Health by 357.1% during the fourth quarter. Alliancebernstein L.P. now owns 130,000 shares of the company's stock worth $2,730,000 after buying an additional 101,560 shares during the last quarter. Prudential Financial Inc. raised its stake in Phibro Animal Health by 405.8% in the fourth quarter. Prudential Financial Inc. now owns 120,655 shares of the company's stock valued at $2,534,000 after buying an additional 96,800 shares during the period. American Century Companies Inc. increased its holdings in shares of Phibro Animal Health by 18.0% during the 4th quarter. American Century Companies Inc. now owns 635,599 shares of the company's stock worth $13,348,000 after acquiring an additional 96,787 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Phibro Animal Health during the fourth quarter worth $2,020,000. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on PAHC. Barclays raised their price objective on shares of Phibro Animal Health from $20.00 to $22.00 and gave the stock an "underweight" rating in a research report on Monday, February 10th. StockNews.com raised shares of Phibro Animal Health from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Phibro Animal Health from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.00.

Phibro Animal Health Trading Up 1.0 %

Shares of PAHC stock traded up $0.23 on Friday, hitting $22.48. The company had a trading volume of 317,954 shares, compared to its average volume of 194,137. Phibro Animal Health Co. has a twelve month low of $16.16 and a twelve month high of $26.55. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.37 and a current ratio of 3.20. The stock's 50-day moving average is $19.99 and its two-hundred day moving average is $21.84. The firm has a market cap of $910.51 million, a P/E ratio of 46.83, a P/E/G ratio of 0.45 and a beta of 0.62.

Phibro Animal Health (NASDAQ:PAHC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Phibro Animal Health had a net margin of 1.75% and a return on equity of 25.35%. The company had revenue of $347.80 million during the quarter, compared to the consensus estimate of $352.41 million. On average, equities research analysts anticipate that Phibro Animal Health Co. will post 1.95 earnings per share for the current fiscal year.

Phibro Animal Health Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, June 4th. Phibro Animal Health's payout ratio is 100.00%.

About Phibro Animal Health

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.