Daiwa Securities Group Inc. Takes Position in VCA Inc. (WOOF)
Daiwa Securities Group Inc. purchased a new position in shares of VCA Inc. (NASDAQ:WOOF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,350 shares of the company’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of VCA by 2,848.0% in the first quarter. BlackRock Inc. now owns 6,340,883 shares of the company’s stock worth $580,192,000 after buying an additional 6,125,792 shares in the last quarter. Pentwater Capital Management LP acquired a new position in shares of VCA during the first quarter worth $214,110,000. Bank of America Corp DE increased its position in shares of VCA by 267.3% in the first quarter. Bank of America Corp DE now owns 2,624,862 shares of the company’s stock worth $240,175,000 after buying an additional 1,910,155 shares in the last quarter. Morgan Stanley increased its position in shares of VCA by 535.1% in the first quarter. Morgan Stanley now owns 1,546,462 shares of the company’s stock worth $141,500,000 after buying an additional 1,302,982 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of VCA by 227.7% in the first quarter. JPMorgan Chase & Co. now owns 1,206,693 shares of the company’s stock worth $110,412,000 after buying an additional 838,452 shares in the last quarter. Institutional investors and hedge funds own 74.12% of the company’s stock.
VCA Inc. (WOOF) opened at 92.55 on Friday. The stock has a market cap of $7.52 billion, a P/E ratio of 34.78 and a beta of 1.01. VCA Inc. has a 52 week low of $59.51 and a 52 week high of $92.87. The firm has a 50-day moving average price of $92.53 and a 200-day moving average price of $91.83.
VCA (NASDAQ:WOOF) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.02. VCA had a return on equity of 15.54% and a net margin of 8.00%. The firm had revenue of $743.13 million for the quarter, compared to the consensus estimate of $735.75 million. During the same quarter last year, the business posted $0.87 EPS. On average, equities research analysts predict that VCA Inc. will post $3.20 EPS for the current year.
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WOOF has been the topic of a number of research analyst reports. BidaskClub upgraded VCA from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Zacks Investment Research downgraded VCA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $93.00 target price on shares of VCA in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. VCA has an average rating of “Hold” and a consensus target price of $92.17.
VCA Inc is an animal healthcare company operating in the United States and Canada. The Company operates through five segments: animal hospitals (Animal Hospital), veterinary diagnostic laboratories (Laboratory), veterinary medical technology (Medical Technology), Vetstreet and Camp Bow Wow Franchising, Inc (Camp Bow Wow).
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