Uss Investment Management Ltd Lowers stake in Patterson Companies (PDCO)

Patterson Companies (PDCO) : Uss Investment Management Ltd reduced its stake in Patterson Companies by 3.24% during the most recent quarter end. The investment management company now holds a total of 140,201 shares of Patterson Companies which is valued at $6,895,085 after selling 4,700 shares in Patterson Companies , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Patterson Companies makes up approximately 0.11% of Uss Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Quantitative Systematic Strategies boosted its stake in PDCO in the latest quarter, The investment management firm added 3,886 additional shares and now holds a total of 12,785 shares of Patterson Companies which is valued at $631,068. Patterson Companies makes up approx 0.27% of Quantitative Systematic Strategies’s portfolio.Windsor Financial Group boosted its stake in PDCO in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 104,774 shares of Patterson Companies which is valued at $5,196,790. Patterson Companies makes up approx 2.32% of Windsor Financial Group’s portfolio.Kistler-tiffany Companies boosted its stake in PDCO in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 333 shares of Patterson Companies which is valued at $16,593. Patterson Companies makes up approx 0.01% of Kistler-tiffany Companies’s portfolio.

Patterson Companies closed down -1.82 points or -3.70% at $47.36 with 18,47,860 shares getting traded on Thursday. Post opening the session at $48.88, the shares hit an intraday low of $46.83 and an intraday high of $48.9825 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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