Patterson Companies, Inc. (NASDAQ:PDCO) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC reduced its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 16.3% in the 4th quarter, Holdings Channel reports. The firm owned 8,100 shares of the company’s stock after selling 1,578 shares during the quarter. Two Sigma Securities LLC’s holdings in Patterson Companies were worth $250,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Patterson Companies during the 4th quarter valued at about $18,316,000. Barclays PLC grew its position in Patterson Companies by 37.2% in the third 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 in the last quarter. EMC Capital Management raised its stake in shares of Patterson Companies by 600.7% during the fourth quarter. EMC Capital Management now owns 16,053 shares of the company’s stock valued at $495,000 after purchasing an additional 13,762 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Patterson Companies by 15.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock worth $55,546,000 after purchasing an additional 245,376 shares in the last quarter. Finally, Tritonpoint Wealth LLC purchased a new position in shares of Patterson Companies in the fourth quarter valued at $264,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Patterson Companies in a research note on Monday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Patterson Companies has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Price Performance

NASDAQ:PDCO opened at $31.33 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a one year low of $19.45 and a one year high of $31.79. The stock has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $28.19.

Patterson Companies Company 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.