Quinn Opportunity Partners LLC Makes New $1.23 Million Investment in Patterson Companies, Inc. (NASDAQ:PDCO)

Quinn Opportunity Partners LLC bought a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $1,234,000.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. purchased a new position in Patterson Companies during the fourth quarter valued at $26,000. Huntington National Bank increased its holdings in shares of Patterson Companies by 54.0% during the fourth quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after acquiring an additional 391 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Patterson Companies by 103.0% in the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock worth $41,000 after purchasing an additional 680 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Patterson Companies by 20.5% in the 3rd 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 grew its position in Patterson Companies by 501.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock valued at $58,000 after purchasing an additional 1,570 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

PDCO has been the subject of several recent analyst reports. StockNews.com started coverage on shares of Patterson Companies in a report on Saturday. They issued a “hold” rating for the company. Morgan Stanley boosted their price objective on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Patterson Companies has an average rating of “Hold” and an average target price of $26.57.

Patterson Companies Trading Down 0.1 %

NASDAQ:PDCO opened at $30.91 on Friday. The company has a market cap of $2.73 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $31.11 and a two-hundred day simple moving average of $27.31. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79.

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.