Alberta Investment Management Corp Has $2.25 Million Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Alberta Investment Management Corp trimmed its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,106 shares of the company’s stock after selling 4,330 shares during the quarter. Alberta Investment Management Corp’s holdings in Inter Parfums were worth $2,250,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IPAR. GAMMA Investing LLC boosted its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after buying an additional 81 shares during the last quarter. SRH Advisors LLC raised its position in Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after acquiring an additional 475 shares in the last quarter. Blue Trust Inc. raised its position in Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after acquiring an additional 296 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Inter Parfums in the third quarter valued at $104,000. Finally, Principal Securities Inc. grew its position in shares of Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after acquiring an additional 174 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Stock Up 0.3 %

Shares of IPAR opened at $134.57 on Friday. The firm has a market cap of $4.31 billion, a P/E ratio of 28.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $154.54. The firm’s 50-day simple moving average is $135.06 and its 200 day simple moving average is $129.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IPAR shares. Canaccord Genuity Group assumed coverage on shares of Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 target price on the stock. DA Davidson restated a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research note on Thursday, January 23rd. Piper Sandler raised their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus price target of $159.40.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.