Townsquare Capital LLC Makes New Investment in Patterson Companies, Inc. (NASDAQ:PDCO)

Townsquare Capital LLC purchased a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,664 shares of the company's stock, valued at approximately $329,000.

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

Patterson Companies Stock Performance

Shares of PDCO stock remained flat at $31.33 during trading hours on Friday. The stock has a 50-day simple moving average of $31.17 and a 200-day simple moving average of $27.99. The company has a market cap of $2.77 billion, a PE ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76.

Analyst Upgrades and Downgrades

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

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.