Neogen Corp (NASDAQ:NEOG) Institutional Investors Sentiment Worsens in Q2 2018

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Sentiment for Neogen Corp (NASDAQ:NEOG)

Neogen Corp (NASDAQ:NEOG) institutional sentiment decreased to 1.17 in 2018 Q2. Its down -5.54, from 6.71 in 2018Q1. The ratio has worsened, as 96 investment managers started new or increased holdings, while 82 decreased and sold their stock positions in Neogen Corp. The investment managers in our partner’s database reported: 45.84 million shares, down from 90.94 million shares in 2018Q1. Also, the number of investment managers holding Neogen Corp in their top 10 holdings increased from 5 to 8 for an increase of 3. Sold All: 9 Reduced: 73 Increased: 66 New Position: 30.

Neogen Corporation, together with its subsidiaries, develops, makes, and markets various products for food and animal safety worldwide. The company has market cap of $3.18 billion. It operates through two divisions, Food Safety and Animal Safety. It has a 48.21 P/E ratio. The Food Safety segment primarily offers diagnostic test kits and complementary to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells.

The stock decreased 0.71% or $0.44 during the last trading session, reaching $61.18. About 7,824 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 77.07% since December 6, 2017 and is uptrending. It has outperformed by 61.45% the S&P500.

Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on December, 20 before the open. They expect $0.31 earnings per share, down 6.06 % or $0.02 from last year’s $0.33 per share. NEOG’s profit will be $16.12 million for 49.34 P/E if the $0.31 EPS becomes a reality. After $0.29 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

Wms Partners Llc holds 5.54% of its portfolio in Neogen Corporation for 594,594 shares. Brown Capital Management Llc owns 6.40 million shares or 5.26% of their US portfolio. Moreover, Tirschwell & Loewy Inc has 4.86% invested in the company for 456,030 shares. The Pennsylvania-based Conestoga Capital Advisors Llc has invested 3.27% in the stock. North Point Portfolio Managers Corp Oh, a Ohio-based fund reported 232,617 shares.

Since January 1, 0001, it had 2 buys, and 13 insider sales for $19.61 million activity.

More notable recent Neogen Corporation (NASDAQ:NEOG) news were published by: Seekingalpha.com which released: “Neogen acquires genetic services provider for cattle breeding – Seeking Alpha” on September 04, 2018, also Nasdaq.com with their article: “Mid-Afternoon Market Update: Neogen Falls After Q1 Results; Jaguar Health Shares Surge – Nasdaq” published on September 25, 2018, Finance.Yahoo.com published: “Neogen (NEOG) Q1 Earnings Beat Estimates – Yahoo Finance” on September 25, 2018. More interesting news about Neogen Corporation (NASDAQ:NEOG) were released by: Seekingalpha.com and their article: “Neogen OKs buyback of up to 3M common shares – Seeking Alpha” published on October 10, 2018 as well as Seekingalpha.com‘s news article titled: “Neogen Q1 miss pressures shares, down 15% – Seeking Alpha” with publication date: September 25, 2018.

Neogen Corporation (NASDAQ:NEOG) Institutional Positions Chart

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