Energizer Holdings, Inc. $ENR Shares Newly Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 61,253 shares of the company’s stock, valued at approximately $1,310,000.

A number of other institutional investors have also modified their holdings of the company. Parallel Advisors LLC increased its position in Energizer by 907.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,874 shares of the company’s stock worth $40,000 after purchasing an additional 1,688 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in Energizer by 4.3% during the third quarter. Kestra Private Wealth Services LLC now owns 12,058 shares of the company’s stock valued at $258,000 after buying an additional 499 shares in the last quarter. North Star Investment Management Corp. lifted its position in Energizer by 7.9% during the third quarter. North Star Investment Management Corp. now owns 157,050 shares of the company’s stock valued at $3,359,000 after buying an additional 11,500 shares in the last quarter. Sterling Capital Management LLC grew its stake in Energizer by 385.6% during the third quarter. Sterling Capital Management LLC now owns 1,918 shares of the company’s stock worth $41,000 after buying an additional 1,523 shares during the period. Finally, IFP Advisors Inc grew its stake in Energizer by 169.3% during the third quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock worth $34,000 after buying an additional 1,009 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Trading Down 1.0%

ENR opened at $24.82 on Wednesday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 21.03 and a beta of 0.83. The firm’s 50 day moving average is $22.06 and its 200-day moving average is $20.55. Energizer Holdings, Inc. has a 52-week low of $15.75 and a 52-week high of $25.83. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Tuesday, November 24th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, November 24th. Energizer’s dividend payout ratio (DPR) is presently 101.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings raised shares of Energizer from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. UBS Group set a $22.00 price target on shares of Energizer in a research report on Thursday, October 15th. Barclays increased their price target on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Finally, Canaccord Genuity Group cut their price objective on Energizer from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $21.50.

Energizer Profile

Energizer Holdings, Inc. develops, manufactures and markets batteries, portable lighting and automotive care products. Its battery offerings include alkaline, lithium, rechargeable and specialty batteries for consumer and commercial uses. The company sells products under brands including Energizer, Eveready and Rayovac. Its automotive care portfolio includes Armor All, STP and A/C Pro products, such as cleaners, protectants and vehicle maintenance items. Headquartered in St. Louis, Missouri, Energizer serves customers in North America and international markets through retail, e-commerce and other sales channels.