Sei Investments Co. Has $3.89 Million Position in Blue Buffalo Pet Products (BUFF)

Share on StockTwits

Sei Investments Co. decreased its position in Blue Buffalo Pet Products (NASDAQ:BUFF) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,706 shares of the company’s stock after selling 8,146 shares during the quarter. Sei Investments Co.’s holdings in Blue Buffalo Pet Products were worth $3,890,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BUFF. Schwab Charles Investment Management Inc. increased its position in shares of Blue Buffalo Pet Products by 9.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 488,354 shares of the company’s stock valued at $16,014,000 after acquiring an additional 43,927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Blue Buffalo Pet Products by 44.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock valued at $177,000 after acquiring an additional 1,656 shares during the period. Victory Capital Management Inc. increased its position in shares of Blue Buffalo Pet Products by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 66,505 shares of the company’s stock valued at $2,181,000 after acquiring an additional 7,474 shares during the period. Teacher Retirement System of Texas increased its position in shares of Blue Buffalo Pet Products by 317.4% in the fourth quarter. Teacher Retirement System of Texas now owns 33,880 shares of the company’s stock valued at $1,111,000 after acquiring an additional 25,764 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Blue Buffalo Pet Products by 3.8% in the fourth quarter. California Public Employees Retirement System now owns 150,000 shares of the company’s stock valued at $4,919,000 after acquiring an additional 5,500 shares during the period. Hedge funds and other institutional investors own 94.55% of the company’s stock.

In related news, CEO William W. Bishop, Jr. sold 3,180 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $39.88, for a total transaction of $126,818.40. Following the transaction, the chief executive officer now owns 591,490 shares in the company, valued at $23,588,621.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction dated Thursday, April 19th. The shares were sold at an average price of $39.98, for a total transaction of $847,576.00. Following the transaction, the insider now owns 578,770 shares in the company, valued at approximately $23,139,224.60. The disclosure for this sale can be found here. Insiders have sold 45,580 shares of company stock worth $1,819,638 in the last quarter. 7.70% of the stock is owned by corporate insiders.

Shares of NASDAQ BUFF opened at $40.00 on Tuesday. Blue Buffalo Pet Products has a 1 year low of $21.51 and a 1 year high of $40.15. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.17 and a current ratio of 3.74. The stock has a market cap of $7.91 billion, a P/E ratio of 42.11, a P/E/G ratio of 1.41 and a beta of 1.38.

A number of research firms have issued reports on BUFF. Wells Fargo & Co cut shares of Blue Buffalo Pet Products from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $36.00 to $40.00 in a research report on Tuesday, February 27th. Zacks Investment Research cut shares of Blue Buffalo Pet Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Societe Generale cut shares of Blue Buffalo Pet Products from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. BidaskClub upgraded shares of Blue Buffalo Pet Products from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Finally, ValuEngine upgraded shares of Blue Buffalo Pet Products from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $35.50.

Blue Buffalo Pet Products Company Profile

Blue Buffalo Pet Products, Inc, through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the United States, Canada, Japan, and Mexico. It develops, produces, markets, and sells dog and cat food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom, and BLUE Natural Veterinary Diet lines.

Want to see what other hedge funds are holding BUFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Buffalo Pet Products (NASDAQ:BUFF).

Institutional Ownership by Quarter for Blue Buffalo Pet Products (NASDAQ:BUFF)

Receive News & Ratings for Blue Buffalo Pet Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Buffalo Pet Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply