Sawgrass Asset Management Lowers stake in Henry Schein (HSIC)

Henry Schein (HSIC) : Sawgrass Asset Management reduced its stake in Henry Schein by 0.72% during the most recent quarter end. The investment management company now holds a total of 107,660 shares of Henry Schein which is valued at $19,344,349 after selling 780 shares in Henry Schein , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Henry Schein makes up approximately 0.88% of Sawgrass Asset Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in HSIC by selling 4,371 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 173,277 shares of HSIC which is valued at $31,134,411. Henry Schein makes up approx 0.06% of California State Teachers Retirement System’s portfolio.Moody Lynn Lieberson boosted its stake in HSIC in the latest quarter, The investment management firm added 3,505 additional shares and now holds a total of 6,639 shares of Henry Schein which is valued at $1,201,526. Henry Schein makes up approx 0.21% of Moody Lynn Lieberson’s portfolio.Gateway Investment Advisers reduced its stake in HSIC by selling 4,666 shares or 12.19% in the most recent quarter. The Hedge Fund company now holds 33,626 shares of HSIC which is valued at $6,090,005. Henry Schein makes up approx 0.05% of Gateway Investment Advisers’s portfolio.

Henry Schein closed down -0.94 points or -0.56% at $166.02 with 9,33,975 shares getting traded on Monday. Post opening the session at $166.94, the shares hit an intraday low of $165.1 and an intraday high of $167.53 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Henry Schein reported $1.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.63. The company had revenue of $2872.60 million for the quarter, compared to analysts expectations of $2845.09 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Henry Schein Inc. provides health care products and services to office-based dental animal health and medical practitioners. The Company operates its business through two segments: health care distribution and technology and value-added services. The health care distribution segment distributes consumable products laboratory products equipment repair services branded and generic pharmaceuticals vaccines surgical products diagnostic tests infection-control products and vitamins among others. The Company’s global technology and value-added services segment provides software technology and other value-added services to health care practitioners. Its offerings include practice management software systems for dental and medical practitioners and animal health clinics. Its value-added practice solutions include financial services on a non-recourse basis e-services practice technology network and hardware services as well as continuing education services for practitioners.

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