Cigogne Management SA Takes $1.70 Million Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Cigogne Management SA purchased a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 55,000 shares of the company's stock, valued at approximately $1,697,000. Cigogne Management SA owned 0.06% of Patterson Companies at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Values First Advisors Inc. lifted its holdings in shares of Patterson Companies by 2.9% during the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company's stock worth $369,000 after purchasing an additional 337 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Patterson Companies by 4.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,242 shares of the company's stock worth $254,000 after purchasing an additional 363 shares during the period. Huntington National Bank lifted its holdings in shares of Patterson Companies by 54.0% during the fourth quarter. Huntington National Bank now owns 1,115 shares of the company's stock worth $34,000 after purchasing an additional 391 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Patterson Companies by 20.5% during the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock worth $51,000 after purchasing an additional 400 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Patterson Companies by 18.0% during the fourth quarter. Blue Trust Inc. now owns 2,738 shares of the company's stock worth $84,000 after purchasing an additional 417 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Patterson Companies in a report on Monday. They issued a "hold" rating for the company. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.57.

Patterson Companies Stock Performance

Shares of PDCO stock remained flat at $31.33 during mid-day trading on Tuesday. Patterson Companies, Inc. has a twelve month low of $19.45 and a twelve month high of $31.79. The company has a market capitalization of $2.77 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The business's 50-day moving average price is $31.18 and its 200-day moving average price is $28.17. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

About Patterson Companies

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.