D. E. Shaw & Co. Inc. lowered its position in Pharmerica Corporation (NYSE:PMC) by 21.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,810 shares of the company’s stock after selling 69,015 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.83% of Pharmerica Corporation worth $7,209,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in PMC. Public Employees Retirement System of Ohio raised its stake in Pharmerica Corporation by 7.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,215 shares of the company’s stock worth $104,000 after buying an additional 293 shares during the period. Teacher Retirement System of Texas raised its stake in Pharmerica Corporation by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 4,243 shares of the company’s stock worth $105,000 after buying an additional 523 shares during the period. Mason Street Advisors LLC acquired a new stake in Pharmerica Corporation during the second quarter worth about $148,000. Walleye Trading LLC acquired a new stake in Pharmerica Corporation during the second quarter worth about $180,000. Finally, PNC Financial Services Group Inc. raised its stake in Pharmerica Corporation by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 7,600 shares of the company’s stock worth $214,000 after buying an additional 126 shares during the period. Institutional investors own 96.52% of the company’s stock.
Shares of Pharmerica Corporation (NYSE:PMC) traded up 1.00% during midday trading on Friday, hitting $25.25. 86,653 shares of the stock were exchanged. The firm has a market cap of $777.22 million, a P/E ratio of 23.02 and a beta of 1.10. The firm has a 50 day moving average of $25.46 and a 200 day moving average of $25.39. Pharmerica Corporation has a 12-month low of $19.20 and a 12-month high of $31.02.
Pharmerica Corporation (NYSE:PMC) last released its earnings results on Wednesday, November 9th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.07. Pharmerica Corporation had a net margin of 1.64% and a return on equity of 10.40%. The company earned $512.60 million during the quarter, compared to analysts’ expectations of $530.01 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Pharmerica Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts forecast that Pharmerica Corporation will post $1.87 EPS for the current fiscal year.
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Separately, Zacks Investment Research upgraded shares of Pharmerica Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.00.
About Pharmerica Corporation
PharMerica Corporation is an institutional pharmacy services company. The Company services healthcare facilities, provides pharmacy management services to hospitals, provides specialty infusion services to patients outside a hospital setting and offers the national oncology pharmacy in the United States.
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