Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of VCA Inc. (NASDAQ:WOOF) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,573 shares of the company’s stock, valued at approximately $514,000.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake 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 valued at $580,192,000 after buying an additional 6,125,792 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of VCA by 5.6% in the first quarter. Vanguard Group Inc. now owns 6,229,684 shares of the company’s stock valued at $570,016,000 after buying an additional 329,884 shares during the last quarter. Bank of America Corp DE increased its stake 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 valued at $240,175,000 after buying an additional 1,910,155 shares during the last quarter. Pentwater Capital Management LP acquired a new stake in shares of VCA during the first quarter valued at $214,110,000. Finally, Morgan Stanley increased its stake in shares of VCA by 535.1% in the first quarter. Morgan Stanley now owns 1,546,462 shares of the company’s stock valued at $141,500,000 after buying an additional 1,302,982 shares during the last quarter. 74.38% of the stock is currently owned by hedge funds and other institutional investors.
VCA Inc. (WOOF) opened at 92.51 on Friday. The stock’s 50 day moving average price is $92.50 and its 200 day moving average price is $91.76. The firm has a market capitalization of $7.61 billion, a PE ratio of 34.77 and a beta of 1.01. VCA Inc. has a 12 month low of $59.51 and a 12 month high of $92.87.
VCA (NASDAQ:WOOF) last posted its earnings results on Wednesday, July 26th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $743.13 million during the quarter, compared to the consensus estimate of $735.75 million. VCA had a net margin of 8.00% and a return on equity of 15.54%. During the same period in the previous year, the firm posted $0.87 earnings per share. Equities research analysts expect that VCA Inc. will post $3.20 earnings per share for the current fiscal year.
WOOF has been the topic of several recent analyst reports. BidaskClub downgraded VCA from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research upgraded VCA from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $93.00 price target on shares of VCA in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $92.17.
VCA Company Profile
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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