Henry Schein, Inc. (NASDAQ:HSIC) Stake Reduced by Wedbush Securities Inc.

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Wedbush Securities Inc. reduced its stake in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 64.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,384 shares of the company’s stock after selling 7,790 shares during the quarter. Wedbush Securities Inc.’s holdings in Henry Schein were worth $306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HSIC. Geode Capital Management LLC grew its stake in Henry Schein by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 2,105,314 shares of the company’s stock worth $165,038,000 after buying an additional 161,542 shares during the last quarter. Raymond James Trust N.A. grew its stake in Henry Schein by 12.2% during the 1st quarter. Raymond James Trust N.A. now owns 5,021 shares of the company’s stock worth $302,000 after buying an additional 547 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Henry Schein by 3.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 60,980 shares of the company’s stock worth $3,666,000 after buying an additional 2,019 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Henry Schein by 8.2% during the 1st quarter. IFM Investors Pty Ltd now owns 9,667 shares of the company’s stock worth $581,000 after buying an additional 731 shares during the last quarter. Finally, Strs Ohio grew its stake in Henry Schein by 6.8% during the 1st quarter. Strs Ohio now owns 26,693 shares of the company’s stock worth $1,604,000 after buying an additional 1,690 shares during the last quarter.

Shares of NASDAQ:HSIC traded up $0.21 on Friday, hitting $61.75. The company’s stock had a trading volume of 1,030,100 shares, compared to its average volume of 1,481,247. Henry Schein, Inc. has a 12 month low of $56.58 and a 12 month high of $72.81. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.42 and a beta of 0.84. The stock’s 50-day moving average is $67.11 and its two-hundred day moving average is $65.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 1.70.

Henry Schein (NASDAQ:HSIC) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.01. Henry Schein had a return on equity of 16.67% and a net margin of 4.18%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts expect that Henry Schein, Inc. will post 3.46 earnings per share for the current fiscal year.

A number of brokerages recently commented on HSIC. Barrington Research restated a “buy” rating and set a $75.00 price objective on shares of Henry Schein in a research note on Wednesday, August 7th. Wolfe Research began coverage on Henry Schein in a research note on Thursday, May 30th. They set an “underperform” rating for the company. Zacks Investment Research downgraded Henry Schein from a “buy” rating to a “hold” rating and set a $76.00 price objective for the company. in a research note on Wednesday, June 19th. BidaskClub downgraded Henry Schein from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Leerink Swann cut Henry Schein from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $75.00 to $70.00 in a research note on Wednesday, May 15th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Henry Schein currently has an average rating of “Hold” and an average target price of $73.64.

In other news, Director Paul Brons sold 1,758 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $70.96, for a total value of $124,747.68. Following the completion of the sale, the director now owns 17,582 shares in the company, valued at $1,247,618.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director E Dianne Rekow sold 3,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $71.18, for a total value of $249,130.00. Following the completion of the sale, the director now owns 14,147 shares of the company’s stock, valued at approximately $1,006,983.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,524 shares of company stock valued at $3,984,949. Insiders own 1.06% of the company’s stock.

Henry Schein Profile

Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, physician practices, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.

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Institutional Ownership by Quarter for Henry Schein (NASDAQ:HSIC)

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