Ims Capital Management buys $1,024,075 stake in Patterson Companies (PDCO)

Patterson Companies (PDCO) : Ims Capital Management scooped up 4,272 additional shares in Patterson Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 20,823 shares of Patterson Companies which is valued at $1,024,075.Patterson Companies makes up approximately 1.16% of Ims Capital Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added PDCO to its portfolio by purchasing 8,562 company shares during the most recent quarter which is valued at $421,079. Patterson Companies makes up approx 0.04% of Quantbot Technologies Lp’s portfolio.Proficio Capital Partners boosted its stake in PDCO in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 223 shares of Patterson Companies which is valued at $11,007. Patterson Companies makes up approx 0.01% of Proficio Capital Partners’s portfolio.Shell Asset Management Co reduced its stake in PDCO by selling 2,720 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 127,144 shares of PDCO which is valued at $6,210,984. Patterson Companies makes up approx 0.14% of Shell Asset Management Co’s portfolio.Louisiana State Employees Retirement System reduced its stake in PDCO by selling 100 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 5,500 shares of PDCO which is valued at $268,675. Patterson Companies makes up approx 0.01% of Louisiana State Employees Retirement System’s portfolio.

Patterson Companies closed down -1.77 points or -3.68% at $46.32 with 23,78,951 shares getting traded on Monday. Post opening the session at $47.1, the shares hit an intraday low of $45.6 and an intraday high of $47.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Patterson Companies reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.75. The company had revenue of $1453.70 million for the quarter, compared to analysts expectations of $1464.59 million. The company’s revenue was up 40.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Patterson Companies Inc. is a distributor serving the dental veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply veterinary supply and rehabilitation supply. The Company’s dental supply segment provides consumable products (including x-ray film restorative materials hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems and office forms and stationery. The Company’s veterinary supply segment distributes veterinary supplies to companion-pet (dogs cats and other common household pets) equine and large animal veterinarians and veterinary clinics public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.

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