California Public Employees Retirement System increased its holdings in shares of Elanco Animal Health (NASDAQ:ELAN) by 11,658.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,210,218 shares of the company’s stock after acquiring an additional 1,199,926 shares during the period. California Public Employees Retirement System’s holdings in Elanco Animal Health were worth $38,812,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley purchased a new position in Elanco Animal Health during the 3rd quarter worth $314,448,000. Janus Henderson Group PLC increased its holdings in Elanco Animal Health by 377.9% during the 1st quarter. Janus Henderson Group PLC now owns 8,278,745 shares of the company’s stock worth $265,499,000 after purchasing an additional 6,546,483 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in Elanco Animal Health by 115,239.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,766,978 shares of the company’s stock worth $181,833,000 after purchasing an additional 5,761,978 shares during the period. Vanguard Group Inc. purchased a new position in Elanco Animal Health during the 3rd quarter worth $176,182,000. Finally, FMR LLC increased its holdings in Elanco Animal Health by 34.5% during the 4th quarter. FMR LLC now owns 4,415,172 shares of the company’s stock worth $139,210,000 after purchasing an additional 1,131,504 shares during the period.
In other Elanco Animal Health news, Director R David Hoover bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $31.43 per share, for a total transaction of $628,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John P. Bilbrey bought 7,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $32.39 per share, for a total transaction of $251,022.50. The disclosure for this purchase can be found here.
Shares of NASDAQ:ELAN opened at $32.75 on Thursday. Elanco Animal Health has a 12-month low of $28.00 and a 12-month high of $37.61.
Elanco Animal Health (NASDAQ:ELAN) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The company had revenue of $731.10 million during the quarter, compared to analysts’ expectations of $743.40 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. The company’s revenue was down .7% compared to the same quarter last year.
Several research analysts have commented on the company. Zacks Investment Research downgraded Elanco Animal Health from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets lifted their price target on Elanco Animal Health from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, May 10th. UBS Group initiated coverage on Elanco Animal Health in a report on Wednesday, March 20th. They issued a “sell” rating and a $28.00 price target on the stock. Bank of America upgraded Elanco Animal Health from a “neutral” rating to a “buy” rating and set a $30.95 price target on the stock in a report on Monday, March 18th. Finally, Morgan Stanley initiated coverage on Elanco Animal Health in a report on Wednesday, March 13th. They issued an “equal weight” rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Elanco Animal Health has an average rating of “Hold” and an average price target of $33.47.
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About Elanco Animal Health
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