Duality Advisers LP, an institutional investor, recently purchased a new position in Perrigo Company plc during the 1st quarter, according to its most recent filing with the SEC. The investor bought 13,985 shares of Perrigo’s stock, valued at approximately $502,000. This acquisition reflects the confidence that Duality Advisers LP has in Perrigo’s potential for growth and success.
Other hedge funds have also made changes to their positions in the company. For example, Raymond James & Associates raised its position in Perrigo by 23.6% in the 1st quarter, while PNC Financial Services Group Inc. increased its position by 222.6%. Additionally, Natixis Advisors L.P. raised its position by 135.4% and Commonwealth of Pennsylvania Public School Empls Retrmt SYS by 10.5%. BlackRock Inc. also acquired additional shares, raising its position by 4.8%. These changes in ownership indicate continued investor interest in Perrigo and its potential for profitability.
Several research firms have recently commented on Perrigo. JPMorgan Chase & Co. boosted their price target on the stock and gave it an “overweight” rating. StockNews.com also upgraded Perrigo from a “hold” rating to a “buy” rating. These positive evaluations indicate that industry experts believe Perrigo’s stock has significant potential and may be a good investment opportunity.
Perrigo Company plc is a global provider of over-the-counter health and wellness solutions. It operates in various countries, including the United States, France, Belgium, China, and the United Kingdom, among others. Perrigo offers a wide range of products to enhance individual well-being. The company recently reported better-than-expected earnings for the quarter, with a positive return on equity. Perrigo’s strong financial performance and market presence make it an attractive choice for investors.
Definitions:
– Securities and Exchange Commission (SEC): a U.S. government agency that regulates the securities industry, protecting investors and maintaining fair and orderly markets.
– Institutional Investor: an organization that pools money to invest in various assets, such as stocks, bonds, and real estate, on behalf of its members or shareholders.
– Hedge Fund: a type of investment fund that pools capital from accredited individuals and institutional investors to invest in a variety of assets with the aim of generating high returns.
– Price Target: an investment analyst’s projection of the future price of a stock or other security.
– Overweight Rating: an investment recommendation indicating that a stock or other security is expected to perform better than the overall market or a specific benchmark.
– Earnings Per Share (EPS): a financial metric that represents a company’s net profit divided by the number of outstanding shares, indicating the company’s profitability per share.
– Dividend: a distribution of a portion of a company’s earnings to its shareholders.
– Dividend Yield: a financial ratio that shows how much a company pays out in dividends relative to its stock price, expressed as a percentage.
– Debt-to-Equity Ratio: a financial ratio that compares a company’s total debt to its total equity, indicating the proportion of debt financing relative to equity financing.
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