NJ State Employees Deferred Compensation Plan Buys New Stake in Pharmerica Corporation (PMC)

NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Pharmerica Corporation (NYSE:PMC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in Pharmerica Corporation by 124.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,886 shares of the company’s stock worth $128,000 after purchasing an additional 2,710 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Pharmerica Corporation by 10.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,028 shares of the company’s stock worth $132,000 after purchasing an additional 476 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Pharmerica Corporation in the 1st quarter worth approximately $121,000. State of Alaska Department of Revenue lifted its stake in Pharmerica Corporation by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,112 shares of the company’s stock worth $160,000 after purchasing an additional 2,712 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Pharmerica Corporation in the 2nd quarter worth approximately $200,000. Institutional investors own 86.49% of the company’s stock.

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PMC has been the topic of several research reports. Zacks Investment Research cut shares of Pharmerica Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub cut shares of Pharmerica Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. KeyCorp cut shares of Pharmerica Corporation to an “overweight” rating in a research report on Wednesday, August 2nd. Barrington Research lowered shares of Pharmerica Corporation from an “outperform” rating to an “underperform” rating in a report on Thursday, August 3rd. Finally, UBS AG reaffirmed a “neutral” rating and set a $29.25 target price (up previously from $26.00) on shares of Pharmerica Corporation in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Pharmerica Corporation currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Shares of Pharmerica Corporation (PMC) opened at $29.15 on Tuesday. Pharmerica Corporation has a twelve month low of $22.00 and a twelve month high of $29.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.58 and a quick ratio of 1.79. The stock has a market cap of $905.60, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.27 and a beta of 0.82.

Pharmerica Corporation (NYSE:PMC) last posted its earnings results on Thursday, November 9th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). Pharmerica Corporation had a return on equity of 10.94% and a net margin of 0.83%. The company had revenue of $595.10 million during the quarter, compared to analysts’ expectations of $596.80 million. equities analysts expect that Pharmerica Corporation will post 1.92 earnings per share for the current year.

Pharmerica Corporation Company Profile

Institutional Ownership by Quarter for Pharmerica Corporation (NYSE:PMC)

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