Public Employees Retirement Association of Colorado Boosts Stake in Elanco Animal Health (NASDAQ:ELAN)

Public Employees Retirement Association of Colorado grew its stake in shares of Elanco Animal Health (NASDAQ:ELAN) by 3,131.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,535 shares of the company’s stock after buying an additional 82,888 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Elanco Animal Health were worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in Elanco Animal Health by 377.9% in the first quarter. Janus Henderson Group PLC now owns 8,278,745 shares of the company’s stock worth $265,499,000 after acquiring an additional 6,546,483 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in shares of Elanco Animal Health by 53.4% in the first quarter. First Republic Investment Management Inc. now owns 60,440 shares of the company’s stock worth $1,938,000 after buying an additional 21,032 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Elanco Animal Health by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 83,998 shares of the company’s stock worth $2,694,000 after buying an additional 10,635 shares during the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Elanco Animal Health in the first quarter worth $10,615,000. Finally, Osborn Williams & Donohoe LLC acquired a new stake in shares of Elanco Animal Health in the first quarter worth $70,000.

Several equities analysts recently commented on ELAN shares. Guggenheim started coverage on shares of Elanco Animal Health in a research note on Wednesday, May 22nd. They set a “neutral” rating for the company. Zacks Investment Research cut shares of Elanco Animal Health from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. BMO Capital Markets increased their price objective on shares of Elanco Animal Health from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, May 10th. UBS Group initiated coverage on shares of Elanco Animal Health in a research note on Wednesday, March 20th. They issued a “sell” rating and a $28.00 price objective for the company. Finally, Bank of America raised shares of Elanco Animal Health from a “neutral” rating to a “buy” rating and set a $30.95 target price on the stock in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Elanco Animal Health presently has a consensus rating of “Hold” and an average price target of $33.47.

NASDAQ:ELAN traded down $0.23 during mid-day trading on Wednesday, reaching $31.74. 2,257,882 shares of the company were exchanged, compared to its average volume of 7,398,158. 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 issued its quarterly earnings data on Thursday, May 9th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $731.10 million for the quarter, compared to the consensus estimate of $743.40 million. During the same period in the prior year, the company earned $0.33 EPS. The firm’s revenue was down .7% compared to the same quarter last year.

In other Elanco Animal Health news, Director John P. Bilbrey bought 7,750 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $32.39 per share, for a total transaction of $251,022.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director R David Hoover purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $31.43 per share, for a total transaction of $628,600.00. The disclosure for this purchase can be found here.

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Institutional Ownership by Quarter for Elanco Animal Health (NASDAQ:ELAN)

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