Herman Morris Insider Sell Transaction
In a legally required form that was submitted to the D.C. based-SEC, it was stated that the director of Perrigo Company plc Ordinary Shares (NYSE:PRGO)
Perrigo Co Plc Stock Rating, Sentiment and Fundamentals
Sixteen expert analysts who study Perrigo Co Plc’s financial statements see earnings of $7.74 per share for 2015 and an expected year-on-year growth rate +13.58%.
|Rating & Sentiment|
|Hedge Funds Sentiment:||NEUTRAL|
|Earnings + FCF Trend:||BUY|
* Read How Our Stock Ratings System Works
Octafinance chart analysis indicates that Perrigo Co Plc’s stock price is in a steady downtrend after a loss by around 9.69 % over the last 175 days alone. In accordance with our sophisticated equities momentum model which is presented below and the fact that Herman Morris, who can be considered as someone in the know, has unaloded such a big amount we rate this stock “SELL”.
Price Chart of Perrigo Company Plc Ordinary Shares NYSE:PRGO Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
As of Q2 2015, 540 hedge funds and institutional investors have shares of Perrigo Co Plc. The institutional ownership of this company in the last quarter is extremely high, at 69.52 % of the shares outstanding. Its down 5.54 % from Q1 2015. These institutional and hedge funds decreased the total shares they own by 5.97 million to 101.78 million this quarter. There were 77 funds that closed their positions and 232 that reduced them. A total of 127 funds opened new positions in Perrigo Co Plc and 136 increased their holdings.
There are 25 funds having the firm in their Top 10. These are: Chesapeake Partners Management Co Inc Md, Lg Capital Management Lp, York Capital Management Global Advisors Llc, Dividend Asset Capital Llc, Hayman Capital Management L.P., Saybrook Capital Nc, Scoggin Llc, Bbt Capital Management Llc, Menora Mivtachim Holdings Ltd., Segall Bryant & Hamill Llc.
Azimuth Capital Management Llc had the greatest investment with ownership of 17,398 shares as of Q2 2015 for 0.31% of the fund’s portfolio. Boston Private Wealth Llc is another bullish institutional manager owning 3,072 shares of the company or 0.02% of their stocks portfolio. The stock is also 0.01% of the fund’s AUM. Further The Nebraska-based fund Bridges Investment Counsel Inc have 0.41% of their stock portfolio invested in the stock for 9,345 shares. The Nebraska-based fund Bridges Investment Management Inc disclosed it had purchased a stake worth 0.61% of the fund’s stock portfolio in Perrigo Co Plc. Churchill Management Corp is also upbeat about the company, possessing 5,800 shares or 0.04% of their stock portfolio.
Perrigo Company plc Ordinary Shares NYSE:PRGO Company Profile
Company Website: Perrigo Company plc Ordinary Shares
Perrigo Co Plc has 13500 employees. Now its market value is: $22.68 billion and it has 146.67 million shares outstanding. Now there are 72.26% shareholders and the institutional ownership is 72.26%. Perrigo Co Plc was created in Dublin on 2013-06-28. The stock closed at $154.919998 yesterday and it had average 2 days volume of 330975 shares. It is up from the 30 days average shares volume of 302547. Perrigo Co Plc has a 52weeks low of $140.60 and a 250 days high of $215.72. The stock price is below the 200 days Simple moving average. Perrigo Co Plc last issued its quarterly earnings report on 10/22/2015. The company reported 1.76 EPS for the quarter, above the consensus estimate of 1.74 by 0.02. The company had a revenue of 1.34 billion for 9/26/2015 and 1.53 billion for 6/27/2015. Therefore, the revenue was -186,900,000 down.
Herman Morris is also director of Perrigo Co.
* Share holding balances in Custodian accounts of children Patrick Morris (400 shares) – Geoffrey Morris (450 shares).
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