Bamco Inc. NY Has $220.20 Million Position in Birkenstock Holding PLC $BIRK

Bamco Inc. NY increased its holdings in shares of Birkenstock Holding PLC (NYSE:BIRK) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,477,403 shares of the company’s stock after purchasing an additional 453,052 shares during the period. Birkenstock makes up 0.6% of Bamco Inc. NY’s portfolio, making the stock its 29th biggest position. Bamco Inc. NY owned approximately 2.38% of Birkenstock worth $220,199,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BIRK. GAMMA Investing LLC raised its holdings in Birkenstock by 34.5% during the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock worth $45,000 after buying an additional 233 shares during the period. NewEdge Advisors LLC increased its position in shares of Birkenstock by 61.0% during the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after acquiring an additional 488 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Birkenstock by 3,131.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,068 shares of the company’s stock worth $102,000 after acquiring an additional 2,004 shares during the period. Amalgamated Bank raised its holdings in shares of Birkenstock by 26.8% during the second quarter. Amalgamated Bank now owns 2,632 shares of the company’s stock worth $129,000 after acquiring an additional 556 shares during the period. Finally, California State Teachers Retirement System lifted its position in Birkenstock by 67.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,358 shares of the company’s stock valued at $165,000 after acquiring an additional 1,351 shares in the last quarter. 19.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BIRK. JPMorgan Chase & Co. dropped their price target on Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, September 19th. Guggenheim upgraded Birkenstock to a “strong-buy” rating in a report on Wednesday. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Birkenstock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Birkenstock has an average rating of “Buy” and a consensus target price of $68.38.

Birkenstock Stock Performance

Shares of NYSE BIRK opened at $45.51 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78. The stock has a 50 day moving average price of $41.96 and a 200 day moving average price of $47.19. The stock has a market capitalization of $8.55 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.14. Birkenstock Holding PLC has a 52 week low of $38.16 and a 52 week high of $62.66.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.