(NYSE:PMC) Position Increased by California Public Employees Retirement System

Louisiana State Employees Retirement System boosted its position in Pharmerica Corporation by 0.8% in the first quarter. (NYSE:PMC) by 16.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. Citadel Advisors LLC now owns 338,128 shares of the company's stock worth $7,912,000 after buying an additional 149,142 shares in the last quarter.

A number of other institutional investors have also bought and sold shares of PMC. Tudor Investment Corp Et Al purchased a new stake in PharMerica during the fourth quarter valued at $207,000. Vanguard Group Inc. raised its position in PharMerica by 5.5% in the second quarter. BlackRock Inc. now owns 3,975,551 shares of the company's stock valued at $93,027,000 after buying an additional 3,967,862 shares during the last quarter. US Bancorp DE boosted its stake in PharMerica by 41.3% in the first quarter. Tudor Investment Corp ET AL boosted its position in Pharmerica Corporation by 4.7% in the first quarter. PharMerica has a 12-month low of $19.20 and a 12-month high of $29.10. (NYSE:PMC) traded down 0.17% on Friday, hitting $29.05. The company had a trading volume of 346,427 shares.

The most current P/E ratio is 39.36 and the market cap is 904.07M. The 50 day moving average went up $2.53 or +9.52% whereas the 200 day average was up by +16.60%.

PharMerica (NYSE:PMC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Pharmerica Corporation had a return on equity of 10.94% and a net margin of 1.05%. The company had revenue of $592 million for the quarter, compared to analyst estimates of $592.96 million. During the same quarter in the previous year, the company earned $0.47 EPS. Pharmerica Corporation's revenue was up 13.9% compared to the same quarter a year ago. On average, equities analysts expect that Pharmerica Corporation will post $1.92 EPS for the current year. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & global trademark and copyright legislation. "(NYSE:PMC)" was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another site, it was illegally copied and reposted in violation of USA and global copyright & trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/11/pharmerica-corporation-nysepmc-shares-bought-by-california-public-employees-retirement-system-updated.html.

Several equities research analysts have recently issued reports on PMC shares. Zacks Investment Research raised shares of Pharmerica Corporation from a "hold" rating to a "buy" rating and set a $28.00 target price for the company in a research report on Saturday, June 24th. ValuEngine lowered PharMerica from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Credit Suisse Group lowered shares of PharMerica from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $29.00 to $29.25 in a report on Friday, August 4th. They noted that the move was a valuation call. Finally, BidaskClub cut PharMerica from a "hold" rating to a "sell" rating in a research report on Monday, July 31st. Finally, KeyCorp downgraded shares of PharMerica to an "overweight" rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Company shares last traded at $29.05 quite a bit higher than $26.52, the stock's 50 day moving average and significantly higher than the 200 day moving average of $24.91.

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