Eversept Partners LP Acquires New Stake in Patterson Companies, Inc. (NASDAQ:PDCO)

Eversept Partners LP acquired a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 146,051 shares of the company's stock, valued at approximately $4,507,000. Eversept Partners LP owned about 0.17% of Patterson Companies at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PDCO. Harbour Investments Inc. acquired a new stake in shares of Patterson Companies in the 4th quarter worth about $26,000. Huntington National Bank raised its stake in shares of Patterson Companies by 54.0% in 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 last quarter. GAMMA Investing LLC lifted its holdings in shares of Patterson Companies by 103.0% in the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock valued at $41,000 after purchasing an additional 680 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Patterson Companies by 501.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company's stock valued at $58,000 after buying an additional 1,570 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Patterson Companies by 779.7% during the fourth quarter. Sterling Capital Management LLC now owns 2,041 shares of the company's stock worth $63,000 after buying an additional 1,809 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Patterson Companies in a research note on Sunday, April 20th. They set a "hold" rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Patterson Companies presently has an average rating of "Hold" and a consensus target price of $26.57.

Patterson Companies Stock Performance

NASDAQ:PDCO remained flat at $31.33 during trading on Friday. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. The business's fifty day moving average is $31.17 and its two-hundred day moving average is $28.10. The company has a quick ratio of 0.76, a current ratio of 1.37 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.