Connor Clark & Lunn Investment Management Ltd. Buys 289,629 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 26.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,368,751 shares of the company's stock after purchasing an additional 289,629 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.44% of Petco Health and Wellness worth $5,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WOOF. New York State Common Retirement Fund lifted its position in Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock valued at $44,000 after purchasing an additional 3,711 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after buying an additional 8,056 shares during the period. Quadrature Capital Ltd bought a new position in Petco Health and Wellness during the third quarter worth about $58,000. Sanctuary Advisors LLC acquired a new position in shares of Petco Health and Wellness during the 3rd quarter worth about $66,000. Finally, Advyzon Investment Management LLC bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at about $85,000.

Petco Health and Wellness Stock Down 1.2 %

Shares of NASDAQ:WOOF traded down $0.03 during trading on Thursday, hitting $2.41. 2,789,519 shares of the company were exchanged, compared to its average volume of 3,705,009. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The stock has a market cap of $755.41 million, a price-to-earnings ratio of -6.03 and a beta of 1.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average price of $3.13 and a two-hundred day moving average price of $3.94.

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Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and set a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Morgan Stanley dropped their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Wedbush restated an "outperform" rating and set a $6.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of "Hold" and an average price target of $4.28.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.