12,820 Shares in Post Holdings Inc (POST) Purchased by Highland Capital Management LLC

Share on StockTwits

Highland Capital Management LLC bought a new stake in shares of Post Holdings Inc (NYSE:POST) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,820 shares of the company’s stock, valued at approximately $1,257,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in POST. BlackRock Inc. raised its holdings in shares of Post by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,552,309 shares of the company’s stock worth $477,610,000 after purchasing an additional 235,570 shares during the period. Iridian Asset Management LLC CT grew its position in shares of Post by 10.7% in the 2nd quarter. Iridian Asset Management LLC CT now owns 2,773,566 shares of the company’s stock worth $238,582,000 after acquiring an additional 267,149 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Post by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,427,567 shares of the company’s stock worth $208,823,000 after acquiring an additional 27,557 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Post by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 666,181 shares of the company’s stock worth $57,305,000 after purchasing an additional 6,157 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Post by 12.5% in the 2nd quarter. Bank of America Corp DE now owns 633,313 shares of the company’s stock worth $54,477,000 after purchasing an additional 70,533 shares during the last quarter.

Post stock traded up $1.19 during mid-day trading on Friday, hitting $92.62. 1,050,564 shares of the company’s stock traded hands, compared to its average volume of 780,431. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.94 and a quick ratio of 1.21. The company has a market capitalization of $6.08 billion, a P/E ratio of 23.51, a PEG ratio of 1.18 and a beta of 0.03. Post Holdings Inc has a one year low of $70.66 and a one year high of $101.43.

Several brokerages recently issued reports on POST. Piper Jaffray Companies began coverage on Post in a report on Thursday, August 16th. They issued an “overweight” rating and a $115.00 price target on the stock. ValuEngine downgraded Post from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Zacks Investment Research raised Post from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Saturday, October 6th. Stifel Nicolaus raised their price target on Post from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, October 5th. Finally, Barclays began coverage on Post in a report on Tuesday, August 14th. They issued an “overweight” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $110.25.

COPYRIGHT VIOLATION NOTICE: “12,820 Shares in Post Holdings Inc (POST) Purchased by Highland Capital Management LLC” was reported by Equities Focus and is the property of of Equities Focus. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.equitiesfocus.com/2018/11/10/12820-shares-in-post-holdings-inc-post-acquired-by-highland-capital-management-llc.html.

Post Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.

Recommended Story: What is a Call Option?

Institutional Ownership by Quarter for Post (NYSE:POST)

Receive News & Ratings for Post Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply