Neo Ivy Capital Management Makes New Investment in Patterson Companies, Inc. (NASDAQ:PDCO)

Neo Ivy Capital Management 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. The firm bought 58,308 shares of the company’s stock, valued at approximately $1,799,000. Neo Ivy Capital Management owned 0.07% of Patterson Companies as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Patterson Companies by 37.2% during the 3rd quarter. Barclays PLC now owns 165,715 shares of the company’s stock valued at $3,619,000 after buying an additional 44,906 shares in the last quarter. Dakota Wealth Management bought a new position in shares of Patterson Companies in the 4th quarter worth about $1,032,000. Janney Montgomery Scott LLC purchased a new position in Patterson Companies during the 4th quarter valued at about $1,121,000. Exchange Traded Concepts LLC boosted its stake in Patterson Companies by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 36,159 shares of the company’s stock worth $1,116,000 after acquiring an additional 915 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Patterson Companies by 18.0% in the fourth quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock worth $84,000 after purchasing an additional 417 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Patterson Companies in a report on Thursday. They set a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.57.

Patterson Companies Stock Performance

Shares of NASDAQ PDCO opened at $31.33 on Friday. The firm’s 50 day moving average price is $31.26 and its 200-day moving average price is $29.41. Patterson Companies, Inc. has a 52-week low of $19.45 and a 52-week high of $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The company has a market cap of $2.77 billion, a PE ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73.

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.