Scotts Miracle-Gro Company (NYSE:SMG).
Hosking Partners Llp says it bought 746 shares in quarter ending 09/30/2017 increasing its exposure to Scotts Miracle-Gro Company by 0.5%. Its investment stood at $15,243,000 an increase of 9.3% as of quarter end.
Hosking Partners Llp isn’t the only one who has changed their investment in SMG. As of the end of the quarter Ubs Asset Management Americas Inc had acquired 746 shares growing its position 2,984.0%. The value in dollars increased from $2,237,000 to $75,049,000 a change of 3,254.9% quarter over quarter. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had sold a total of 469 shares trimming its holdings by 7.3%. The value of the investment in Scotts Miracle-Gro Company went from $576,000 to $581,000 a change of $5,000 quarter to quarter.
As of the end of the quarter Raymond James & Associates had disposed of 5,494 shares trimming its stake by 5.8%. The value of the company’s investment in Scotts Miracle-Gro Company went from $8,534,000 to $8,751,000 increasing 2.5% since the last quarter.
Bank of America Corporation raised the price target on November 8 boosting the projection from $107.00 to $110.00 and stated a “Buy” rating.
October 16 investment analysts at KeyCorp reiterated a “Hold” rating on the stock. On August 28, 2017 KeyCorp kept a “Hold” rating on the company.
The company is now down by 1.00% percent from yesterday’s close. Scotts Miracle-Gro Company’s P/E ratio is 28.11 and market cap is 5.68B. As of the last earnings report the EPS was $3.46 with 58.60M shares currently outstanding.
Short traders are more bearish on the company recently if you pay attention to the uptick in short interest. The company realized a rise in short interest between September 29, 2017 and October 13, 2017 of 4.11%. Short shares increased from 2,911,241 to 3,030,933 over that timeframe. The short-interest ratio increased to 13.0 and the percentage of shorted shares is 0.05% as of October 13.