Time to Reconsider Patterson Companies Incorporated (NASDAQ:PDCO) After Less Short Sellers?

February 17, 2018 - By Adrian Mccoy

 Time to Reconsider Patterson Companies Incorporated (NASDAQ:PDCO) After Less Short Sellers?

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.46, from 0.79 in 2017Q2. It increased, as 39 investors sold Patterson Companies, Inc. shares while 102 reduced holdings. 46 funds opened positions while 130 raised stakes. 88.39 million shares or 5.32% more from 83.93 million shares in 2017Q2 were reported.
Reilly Finance Advsrs Limited Liability has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 500 shares. Bancorporation Of Nova Scotia reported 0% in Patterson Companies, Inc. (NASDAQ:PDCO). Old Mutual Customised Solutions (Proprietary) accumulated 2,300 shares. 17,680 are held by Zeke Cap Advsrs Limited. Federated Investors Pa reported 2,783 shares stake. Fdx Advisors holds 0.03% or 28,002 shares in its portfolio. Riverhead Capital Ltd invested in 0.04% or 21,601 shares. Advisory Rech Inc, Illinois-based fund reported 14,869 shares. Colorado-based Advsrs Asset Mgmt Inc has invested 0.02% in Patterson Companies, Inc. (NASDAQ:PDCO). Lombard Odier Asset Management (Usa) accumulated 0.15% or 53,000 shares. Trexquant Limited Partnership owns 0.11% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 10,936 shares. New England Rech & Inc accumulated 7,400 shares. Bbva Compass Bancorp owns 0.05% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 18,902 shares. Hutchin Hill Limited Partnership accumulated 204,933 shares or 0.3% of the stock. Morgan Stanley accumulated 437,651 shares.

Since October 11, 2017, it had 0 buys, and 2 insider sales for $54,833 activity.

The stock of Patterson Companies Incorporated (NASDAQ:PDCO) registered a decrease of 5.66% in short interest. PDCO’s total short interest was 12.38M shares in February as published by FINRA. Its down 5.66% from 13.12M shares, reported previously. With 3.43M shares average volume, it will take short sellers 4 days to cover their PDCO’s short positions. The short interest to Patterson Companies Incorporated’s float is 15.28%.

The stock increased 2.42% or $0.75 during the last trading session, reaching $31.75. About 1.93 million shares traded or 4.62% up from the average. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 4.97% since February 17, 2017 and is downtrending. It has underperformed by 21.67% the S&P500.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $2.94 billion. It operates through Dental and Animal Health divisions. It has a 19 P/E ratio. The companyÂ’s Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Patterson Companies, Inc. (NASDAQ:PDCO) Ratings Coverage

Among 16 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 2 have Buy rating, 4 Sell and 10 Hold. Therefore 13% are positive. Patterson Companies Inc. had 35 analyst reports since August 28, 2015 according to SRatingsIntel. The stock has “Hold” rating by Evercore on Friday, May 27. The rating was maintained by Jefferies on Wednesday, November 22 with “Hold”. The firm has “Hold” rating given on Thursday, November 16 by Stifel Nicolaus. Craig Hallum maintained Patterson Companies, Inc. (NASDAQ:PDCO) rating on Thursday, August 17. Craig Hallum has “Hold” rating and $41.0 target. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. William Blair maintained the shares of PDCO in report on Friday, August 28 with “Market Perform” rating. The stock has “Sell” rating by J.P. Morgan on Thursday, February 15. The rating was downgraded by UBS on Tuesday, July 11 to “Sell”. The firm has “Buy” rating given on Wednesday, January 6 by Evercore. Robert W. Baird maintained it with “Buy” rating and $44.0 target in Monday, September 25 report.

More notable recent Patterson Companies, Inc. (NASDAQ:PDCO) news were published by: Businesswire.com which released: “Patterson Companies Denies Allegations Contained in FTC Administrative Complaint” on February 13, 2018, also Businesswire.com with their article: “EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims …” published on February 13, 2018, Businesswire.com published: “Bragar Eagel & Squire, PC is Investigating Patterson Companies, Inc. (PDCO) on …” on February 13, 2018. More interesting news about Patterson Companies, Inc. (NASDAQ:PDCO) were released by: Prnewswire.com and their article: “PATTERSON COMPANIES INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors …” published on February 13, 2018 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” with publication date: February 14, 2018.

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