AMI Asset Management Corp Trims Position in Henry Schein, Inc. (HSIC)
AMI Asset Management Corp reduced its position in Henry Schein, Inc. (NASDAQ:HSIC) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 348,008 shares of the company’s stock after selling 14,877 shares during the quarter. Henry Schein comprises approximately 1.7% of AMI Asset Management Corp’s investment portfolio, making the stock its 26th biggest position. AMI Asset Management Corp’s holdings in Henry Schein were worth $24,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of HSIC. Wells Fargo & Company MN lifted its position in Henry Schein by 6.1% in the second quarter. Wells Fargo & Company MN now owns 136,032 shares of the company’s stock worth $24,897,000 after purchasing an additional 7,775 shares during the period. Stephens Inc. AR lifted its position in Henry Schein by 39.1% in the second quarter. Stephens Inc. AR now owns 2,379 shares of the company’s stock worth $435,000 after purchasing an additional 669 shares during the period. Norinchukin Bank The lifted its position in Henry Schein by 7.0% in the second quarter. Norinchukin Bank The now owns 5,506 shares of the company’s stock worth $1,008,000 after purchasing an additional 359 shares during the period. BlackRock Inc. lifted its position in Henry Schein by 1.8% in the second quarter. BlackRock Inc. now owns 5,696,685 shares of the company’s stock worth $1,042,607,000 after purchasing an additional 101,406 shares during the period. Finally, Amalgamated Bank lifted its position in Henry Schein by 50.5% in the second quarter. Amalgamated Bank now owns 9,291 shares of the company’s stock worth $1,700,000 after purchasing an additional 3,117 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Barry J. Alperin sold 5,796 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $70.76, for a total value of $410,124.96. Following the completion of the sale, the director now directly owns 48,172 shares in the company, valued at $3,408,650.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.19% of the company’s stock.
Several brokerages recently commented on HSIC. Jefferies Group reaffirmed a “hold” rating and issued a $89.00 target price on shares of Henry Schein in a research report on Friday, October 20th. Robert W. Baird set a $95.00 target price on Henry Schein and gave the stock a “buy” rating in a research report on Thursday, October 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $89.00 target price on shares of Henry Schein in a research report on Thursday, October 19th. Royal Bank of Canada began coverage on Henry Schein in a research report on Tuesday, September 19th. They issued a “sector perform” rating and a $91.00 target price for the company. Finally, Morgan Stanley started coverage on Henry Schein in a research report on Thursday, September 21st. They issued an “equal weight” rating and a $88.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Henry Schein presently has a consensus rating of “Hold” and a consensus target price of $84.23.
Henry Schein, Inc. (NASDAQ HSIC) traded up $1.20 during trading on Tuesday, reaching $76.04. The company’s stock had a trading volume of 2,075,651 shares, compared to its average volume of 1,374,020. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 0.30. Henry Schein, Inc. has a 1 year low of $65.28 and a 1 year high of $93.50. The firm has a market capitalization of $11,930.00, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.91 and a beta of 0.99.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings data on Monday, November 6th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.03). Henry Schein had a return on equity of 19.71% and a net margin of 4.52%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. sell-side analysts forecast that Henry Schein, Inc. will post 3.6 EPS for the current fiscal year.
Henry Schein announced that its Board of Directors has authorized a share buyback plan on Monday, September 18th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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About Henry Schein
Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
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