EAM Investors LLC purchased a new position in shares of PetIQ, Inc. (NASDAQ:PETQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 96,579 shares of the company’s stock, valued at approximately $2,615,000. EAM Investors LLC owned about 0.31% of PetIQ as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC acquired a new position in shares of PetIQ during the 3rd quarter worth $3,228,000. Cortina Asset Management LLC acquired a new position in shares of PetIQ during the 3rd quarter worth $5,956,000. Russell Investments Group Ltd. acquired a new position in shares of PetIQ during the 3rd quarter worth $520,000. Bank of New York Mellon Corp acquired a new position in shares of PetIQ during the 3rd quarter worth $1,200,000. Finally, New York State Common Retirement Fund acquired a new position in shares of PetIQ during the 3rd quarter worth $448,000. 34.94% of the stock is owned by institutional investors and hedge funds.

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PetIQ, Inc. (NASDAQ PETQ) traded down $0.22 on Wednesday, reaching $21.98. The company’s stock had a trading volume of 266,500 shares, compared to its average volume of 287,630. The company has a debt-to-equity ratio of 0.19, a current ratio of 6.83 and a quick ratio of 4.67. PetIQ, Inc. has a 52 week low of $17.03 and a 52 week high of $28.23.

Several research firms have recently issued reports on PETQ. Jefferies Group LLC began coverage on PetIQ in a research note on Tuesday, August 15th. They set a “hold” rating and a $25.00 price target for the company. Oppenheimer Holdings, Inc. started coverage on shares of PetIQ in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $28.00 target price for the company. SunTrust Banks, Inc. started coverage on shares of PetIQ in a research note on Tuesday, August 15th. They issued a “buy” rating and a $28.00 target price for the company. William Blair started coverage on shares of PetIQ in a research note on Tuesday, August 15th. They issued an “outperform” rating for the company. Finally, Raymond James Financial, Inc. started coverage on shares of PetIQ in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $26.00 target price for the company. Six analysts have rated the stock with a buy rating, PetIQ has a consensus rating of “Buy” and an average price target of $27.20.

PetIQ Company Profile

PetIQ, Inc is engaged in manufacturing and distributing pet medication and health and wellness products to the retail channel in the United States. The Company provides retail stores with third-party brands, including Frontline Plus, Heartgard Plus, PetAction Plus, Advecta II, Pet Lock Plus, Pet Lock Max, TruProfen and Heartshield.

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Institutional Ownership by Quarter for PetIQ (NASDAQ:PETQ)

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