VCA Inc. (WOOF) Position Increased by Algert Global LLC
Algert Global LLC raised its position in VCA Inc. (NASDAQ:WOOF) by 39.3% during the third quarter, Holdings Channel reports. The fund owned 40,773 shares of the company’s stock after buying an additional 11,506 shares during the period. VCA makes up 0.8% of Algert Global LLC’s portfolio, making the stock its 12th largest position. Algert Global LLC’s holdings in VCA were worth $2,853,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of VCA by 2.6% in the second quarter. Vanguard Group Inc. now owns 6,075,455 shares of the company’s stock worth $410,761,000 after buying an additional 153,115 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of VCA by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,661,362 shares of the company’s stock worth $247,545,000 after buying an additional 106,152 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of VCA by 3.7% in the second quarter. BlackRock Fund Advisors now owns 2,881,577 shares of the company’s stock worth $194,823,000 after buying an additional 101,555 shares during the last quarter. American Century Companies Inc. raised its stake in shares of VCA by 2.6% in the second quarter. American Century Companies Inc. now owns 2,545,638 shares of the company’s stock worth $172,111,000 after buying an additional 64,778 shares during the last quarter. Finally, State Street Corp raised its stake in shares of VCA by 2.4% in the first quarter. State Street Corp now owns 2,186,643 shares of the company’s stock worth $126,147,000 after buying an additional 50,360 shares during the last quarter. 91.17% of the stock is currently owned by hedge funds and other institutional investors.
VCA Inc. (NASDAQ:WOOF) opened at 70.26 on Wednesday. The stock has a 50 day moving average price of $69.92 and a 200 day moving average price of $66.56. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 25.07 and a beta of 1.23. VCA Inc. has a 1-year low of $44.00 and a 1-year high of $73.69.
VCA (NASDAQ:WOOF) last announced its earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $653.50 million for the quarter, compared to analyst estimates of $637.18 million. VCA had a return on equity of 16.86% and a net margin of 9.93%. VCA’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. Analysts predict that VCA Inc. will post $2.93 EPS for the current year.
WOOF has been the topic of a number of research analyst reports. Jefferies Group raised their price target on VCA from $56.00 to $69.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Zacks Investment Research lowered VCA from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of VCA in a research note on Thursday, September 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $71.00.
In related news, COO Arthur J. Antin sold 34,000 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $69.03, for a total transaction of $2,347,020.00. Following the transaction, the chief operating officer now directly owns 89,691 shares of the company’s stock, valued at $6,191,369.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Chickering, Jr. sold 2,302 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $70.85, for a total value of $163,096.70. Following the transaction, the director now directly owns 10,992 shares in the company, valued at $778,783.20. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
VCA Company Profile
VCA Inc is an animal healthcare company. The Company operates through five segments. Its Animal Hospital segment provides veterinary services for companion animals and sells related retail and pharmaceutical products. Its Laboratory segment provides diagnostic laboratory testing services for veterinarians, both associated with its animal hospitals and those independent of the Company.
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