SG Americas Securities LLC Sells 978,216 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

SG Americas Securities LLC lowered its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 89.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,038 shares of the company's stock after selling 978,216 shares during the quarter. SG Americas Securities LLC's holdings in Petco Health and Wellness were worth $461,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. raised its position in Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after acquiring an additional 8,056 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Petco Health and Wellness during the 3rd quarter worth about $58,000. Sanctuary Advisors LLC acquired a new position in Petco Health and Wellness during the third quarter worth $66,000. Diversified Trust Co boosted its holdings in shares of Petco Health and Wellness by 57.2% in the 4th quarter. Diversified Trust Co now owns 25,486 shares of the company's stock worth $97,000 after acquiring an additional 9,272 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Petco Health and Wellness during the third quarter worth approximately $118,000.

Petco Health and Wellness Trading Down 2.1 %

WOOF stock traded down $0.07 during trading on Wednesday, reaching $3.31. The company had a trading volume of 3,516,171 shares, compared to its average volume of 3,602,958. The company has a market cap of $1.04 billion, a P/E ratio of -8.28 and a beta of 1.88. The business has a 50 day moving average of $4.09 and a 200 day moving average of $3.98. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WOOF shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. StockNews.com downgraded shares of Petco Health and Wellness from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Wedbush boosted their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Morgan Stanley lowered their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Petco Health and Wellness has an average rating of "Hold" and an average price target of $4.16.

About Petco Health and Wellness

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.