Finance

Are Prestige Brands Holdings, Inc. (PBH)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Prestige Brands Holdings, Inc. (NYSE:PBH) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how PBH might perform in the future.

Institutions own 115.70% of Prestige Brands Holdings, Inc. (PBH)’s shares. The total value of these holdings, in millions, is $2,021. Among active positions in the latest quarter, 153 holders increased their positions by a total of 7.73 million shares, 95 holders decreased the positions by a total of 4.11 million shares, and 19 holders held their positions. This works out to a net increase in ownership of 3.62 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 32 holders initiated new positions by a total of 611934 shares and 24 holders exited their positions by a total of 825078 shares. This nets out to a decrease of 213144 shares and is another bearish sign for PBH.

In the last three months, insiders executed a total of 5 trades. 5 of these were buys. Insider ownership increased by a total of 23200 shares, which suggests that PBH’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 19 buys and 7 sells, and ownership increased by a net of 47847 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Prestige Brands Holdings, Inc. (NYSE:PBH)’s short interest is 7.46 million shares, or 15.57% of the float. This represents an increase of 6% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PBH is a Strong sell, which implies that PBH is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Prestige Brands Holdings, Inc. (NYSE:PBH) is overvalued.

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