Does Patterson Companies Inc (NASDAQ:PDCO) Have Gas After Even Less Sellers Involved?

August 9, 2018 - By Billy Entrekin

Patterson Companies, Inc. (NASDAQ:PDCO) Logo

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.26, from 1 in 2017Q4. It increased, as 68 investors sold Patterson Companies, Inc. shares while 74 reduced holdings. 48 funds opened positions while 131 raised stakes. 82.52 million shares or 5.42% less from 87.24 million shares in 2017Q4 were reported.
Ftb Advsrs Inc holds 542 shares. Mason Street Advsrs Limited Liability Corp reported 0.02% in Patterson Companies, Inc. (NASDAQ:PDCO). Horizon Invs Ltd Liability invested in 0.01% or 12,027 shares. Zebra Capital Mgmt Limited Liability Company stated it has 36,139 shares. Principal Fincl Grp Inc owns 364,937 shares for 0.01% of their portfolio. Moreover, Rampart Inv Co Limited Liability Co has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Blackrock Incorporated invested 0.01% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Acadian Asset Mngmt Limited Liability accumulated 0% or 27,742 shares. Highland Capital Mngmt Lp reported 577,085 shares stake. Continental Advisors Limited Liability Company invested in 181,764 shares or 1.03% of the stock. Mairs And Pwr owns 0.48% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 1.75M shares. Cove Street Cap Ltd Com has invested 1.51% in Patterson Companies, Inc. (NASDAQ:PDCO). Aperio Gru Ltd Limited Liability Company stated it has 0% in Patterson Companies, Inc. (NASDAQ:PDCO). Bnp Paribas Asset Management Hldgs Sa invested 0.03% in Patterson Companies, Inc. (NASDAQ:PDCO). Rowland & Com Counsel Adv invested in 55,165 shares.

The stock of Patterson Companies Inc (NASDAQ:PDCO) registered a decrease of 0.96% in short interest. PDCO’s total short interest was 9.84M shares in August as published by FINRA. Its down 0.96% from 9.94M shares, reported previously. With 1.59 million shares average volume, it will take short sellers 6 days to cover their PDCO’s short positions. The short interest to Patterson Companies Inc’s float is 12.45%.

The stock increased 1.07% or $0.24 during the last trading session, reaching $22.75. About 521,439 shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.53% since August 9, 2017 and is downtrending. It has underperformed by 64.10% the S&P500.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $2.12 billion. It operates through Dental and Animal Health divisions. It has a 10.53 P/E ratio. The companyÂ’s Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Patterson Companies, Inc. (NASDAQ:PDCO) Ratings Coverage

Among 12 analysts covering Patterson Companies Inc (NASDAQ:PDCO), 2 have Buy rating, 6 Sell and 4 Hold. Therefore 17% are positive. Patterson Companies Inc had 17 analyst reports since February 15, 2018 according to SRatingsIntel. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Underweight” rating given on Friday, March 2 by Morgan Stanley. The rating was upgraded by Craig Hallum on Friday, April 6 to “Buy”. The firm has “Underweight” rating by JP Morgan given on Monday, March 5. The company was maintained on Thursday, June 7 by JP Morgan. Morgan Stanley maintained Patterson Companies, Inc. (NASDAQ:PDCO) on Friday, June 22 with “Underweight” rating. The firm has “Hold” rating by Piper Jaffray given on Thursday, March 1. The company was maintained on Tuesday, May 29 by Bank of America. The company was maintained on Monday, June 18 by Stifel Nicolaus. The stock has “Sell” rating by Evercore on Thursday, March 1. The firm earned “Sell” rating on Thursday, February 15 by J.P. Morgan.

More news for Patterson Companies, Inc. (NASDAQ:PDCO) were recently published by: Benzinga.com, which released: “77 Biggest Movers From Yesterday” on August 08, 2018. Seekingalpha.com‘s article titled: “Patterson Companies Is Worth A Look” and published on July 23, 2018 is yet another important article.

Patterson Companies, Inc. (NASDAQ:PDCO) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.