Townsquare Capital LLC Takes Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Townsquare Capital LLC bought a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,664 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds have also added to or reduced their stakes in PDCO. Water Island Capital LLC bought a new stake in shares of Patterson Companies during the fourth quarter worth approximately $7,270,000. Rockefeller Capital Management L.P. increased its stake in Patterson Companies by 9.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,987 shares of the company’s stock worth $339,000 after acquiring an additional 953 shares during the period. Sterling Capital Management LLC lifted its position in shares of Patterson Companies by 779.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock valued at $63,000 after acquiring an additional 1,809 shares during the period. Quinn Opportunity Partners LLC acquired a new stake in shares of Patterson Companies during the 4th quarter worth $1,234,000. Finally, Raymond James Financial Inc. bought a new position in shares of Patterson Companies in the fourth quarter worth $18,316,000. Institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $31.33 on Tuesday. Patterson Companies, Inc. has a one year low of $19.45 and a one year high of $31.79. 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 company has a market cap of $2.77 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. The firm has a 50 day simple moving average of $31.15 and a 200 day simple moving average of $27.78.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Patterson Companies in a research report on Sunday. They issued a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.57.

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.