Stoneridge Investment Partners LLC Acquires Shares of 15,090 VCA Inc. (WOOF)
Stoneridge Investment Partners LLC acquired a new position in VCA Inc. (NASDAQ:WOOF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,090 shares of the company’s stock, valued at approximately $1,056,000.
Several other hedge funds have also recently made changes to their positions in WOOF. Bank of Montreal Can increased its stake in shares of VCA by 0.4% in the third quarter. Bank of Montreal Can now owns 36,891 shares of the company’s stock worth $2,581,000 after buying an additional 143 shares in the last quarter. Montrusco Bolton Investments Inc. increased its stake in shares of VCA by 60.4% in the third quarter. Montrusco Bolton Investments Inc. now owns 237,839 shares of the company’s stock worth $16,850,000 after buying an additional 89,584 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of VCA by 8.8% in the second quarter. BlackRock Advisors LLC now owns 47,800 shares of the company’s stock worth $3,232,000 after buying an additional 3,851 shares in the last quarter. Redwood Investments LLC increased its stake in shares of VCA by 3.8% in the second quarter. Redwood Investments LLC now owns 270,360 shares of the company’s stock worth $18,279,000 after buying an additional 9,866 shares in the last quarter. Finally, Pitcairn Co. increased its stake in shares of VCA by 104.4% in the second quarter. Pitcairn Co. now owns 13,532 shares of the company’s stock worth $915,000 after buying an additional 6,911 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.
VCA Inc. (NASDAQ:WOOF) traded up 0.27% during trading on Friday, hitting $91.25. The company had a trading volume of 2,482,182 shares. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 32.11 and a beta of 1.04. The stock has a 50-day moving average of $65.80 and a 200 day moving average of $67.64. VCA Inc. has a one year low of $44.00 and a one year high of $91.58.
VCA (NASDAQ:WOOF) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $659.90 million for the quarter, compared to analyst estimates of $667.13 million. VCA had a return on equity of 16.47% and a net margin of 9.64%. VCA’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. Equities analysts forecast that VCA Inc. will post $2.91 EPS for the current fiscal year.
WOOF has been the subject of a number of research reports. Zacks Investment Research downgraded VCA from a “buy” rating to a “sell” rating in a research report on Tuesday, November 1st. Raymond James Financial, Inc. upgraded VCA from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $74.00 to $80.00 in a research report on Tuesday, January 3rd. Benchmark Co. initiated coverage on VCA in a research report on Monday, October 24th. They issued a “buy” rating and a $90.00 price objective for the company. Jefferies Group reiterated a “hold” rating and issued a $60.00 price objective (down previously from $69.00) on shares of VCA in a research report on Friday, October 28th. Finally, Credit Suisse Group downgraded VCA from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $93.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. VCA presently has a consensus rating of “Hold” and a consensus target price of $79.17.
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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