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

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

Several other hedge funds have also recently added to or reduced their stakes in PDCO. HighTower Advisors LLC lifted its position in shares of Patterson Companies by 144.0% during the 3rd quarter. HighTower Advisors LLC now owns 13,318 shares of the company's stock worth $301,000 after purchasing an additional 43,572 shares during the last quarter. Stifel Financial Corp raised its stake in Patterson Companies by 6.2% in the third quarter. Stifel Financial Corp now owns 30,825 shares of the company's stock valued at $673,000 after buying an additional 1,789 shares in the last quarter. Barclays PLC lifted its holdings in Patterson Companies by 37.2% during the 3rd quarter. Barclays PLC now owns 165,715 shares of the company's stock worth $3,619,000 after buying an additional 44,906 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Patterson Companies by 54.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,670 shares of the company's stock worth $525,000 after buying an additional 9,015 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Patterson Companies during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analyst Weigh In

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

Patterson Companies Stock Performance

Shares of NASDAQ:PDCO remained flat at $31.33 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The firm 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. The stock has a 50-day moving average price of $31.17 and a two-hundred day moving average price of $27.91. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $31.79.

Patterson Companies Company Profile

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.