Quadrant Capital Group LLC Raises Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Quadrant Capital Group LLC raised its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 501.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,883 shares of the company’s stock after buying an additional 1,570 shares during the quarter. Quadrant Capital Group LLC’s holdings in Patterson Companies were worth $58,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its position in Patterson Companies by 31.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company’s stock valued at $726,000 after buying an additional 7,969 shares during the period. Barclays PLC increased its holdings in shares of Patterson Companies by 37.2% in the 3rd quarter. Barclays PLC now owns 165,715 shares of the company’s stock valued at $3,619,000 after acquiring an additional 44,906 shares during the last quarter. EMC Capital Management raised its holdings in Patterson Companies by 600.7% during the fourth quarter. EMC Capital Management now owns 16,053 shares of the company’s stock worth $495,000 after purchasing an additional 13,762 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Patterson Companies by 15.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock worth $55,546,000 after acquiring an additional 245,376 shares in the last quarter. Finally, Tritonpoint Wealth LLC purchased a new stake in shares of Patterson Companies in the 4th quarter valued at about $264,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

PDCO has been the topic of several analyst reports. Morgan Stanley lifted their target price on Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. StockNews.com began coverage on Patterson Companies in a report on Saturday. They set a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Stock Down 0.1 %

Shares of NASDAQ:PDCO opened at $30.91 on Friday. The company has a market capitalization of $2.73 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.71 and a beta of 0.73. The stock’s fifty day simple moving average is $31.11 and its 200-day simple moving average is $27.31. Patterson Companies, Inc. has a 52-week low of $19.45 and a 52-week high of $31.79. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Patterson Companies Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.