CV Holdings Inc (CBF) Lowered to Hold at Brean Capital

Brean Capital cut shares of CV Holdings Inc (NYSE:CBF) from a buy rating to a hold rating in a research note issued to investors on Monday, May 8th.

Several other research analysts have also issued reports on the stock. Barclays PLC restated an overweight rating and issued a $45.00 price target (up previously from $44.00) on shares of CV Holdings in a research report on Monday, April 24th. FBR & Co lowered shares of CV Holdings from an outperform rating to a market perform rating and decreased their price target for the stock from $45.00 to $44.00 in a research report on Monday, April 24th. Zacks Investment Research lowered shares of CV Holdings from a buy rating to a hold rating in a research report on Wednesday, April 12th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $41.00 price target on shares of CV Holdings in a research report on Wednesday, April 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $41.29.

CV Holdings (NYSE:CBF) traded down 0.27% during trading on Monday, hitting $37.40. The stock had a trading volume of 294,430 shares. The stock’s 50 day moving average price is $41.05 and its 200 day moving average price is $39.28. The firm has a market cap of $1.93 billion and a P/E ratio of 25.79. CV Holdings has a 12-month low of $27.71 and a 12-month high of $45.00.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.28%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in CV Holdings during the fourth quarter valued at about $15,364,000. Banc Funds Co. LLC raised its stake in shares of CV Holdings by 8.0% in the third quarter. Banc Funds Co. LLC now owns 654,224 shares of the company’s stock valued at $21,007,000 after buying an additional 48,700 shares during the period. First Interstate Bank raised its stake in shares of CV Holdings by 19.5% in the fourth quarter. First Interstate Bank now owns 5,340 shares of the company’s stock valued at $210,000 after buying an additional 870 shares during the period. Teachers Advisors LLC raised its stake in shares of CV Holdings by 34.6% in the fourth quarter. Teachers Advisors LLC now owns 67,469 shares of the company’s stock valued at $2,648,000 after buying an additional 17,345 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of CV Holdings by 4.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,304 shares of the company’s stock valued at $679,000 after buying an additional 660 shares during the period.

12 Month Chart for NYSE:CBF

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