Syon Capital LLC Makes New Investment in Patterson Companies, Inc. (NASDAQ:PDCO)

Syon Capital LLC bought a new stake in Patterson Companies, Inc. (NASDAQ:PDCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,869 shares of the company’s stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbour Investments Inc. acquired a new position in shares of Patterson Companies in the fourth quarter worth $26,000. Huntington National Bank increased its position in Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Patterson Companies by 103.0% during 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 in the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock valued at $51,000 after buying an additional 400 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Patterson Companies by 501.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock valued at $58,000 after buying an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

Shares of Patterson Companies stock opened at $31.33 on Friday. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $31.79. The stock has a market capitalization of $2.77 billion, a P/E ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $31.17 and a two-hundred day moving average price of $27.99.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Patterson Companies in a research report on Sunday, April 20th. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Patterson Companies has a consensus rating of “Hold” and an average target price of $26.57.

Patterson Companies 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.