Park Dental Partners (NASDAQ:PARK) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Park Dental Partners (NASDAQ:PARK) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on PARK. Weiss Ratings lowered shares of Park Dental Partners from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of Park Dental Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.75.

Park Dental Partners Stock Down 9.6%

Shares of Park Dental Partners stock opened at $18.64 on Wednesday. The firm has a 50 day moving average of $17.99. Park Dental Partners has a 52 week low of $9.53 and a 52 week high of $22.62.

Park Dental Partners (NASDAQ:PARK) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.30 EPS for the quarter. The company had revenue of $61.21 million during the quarter. Analysts expect that Park Dental Partners will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Park Dental Partners

Several hedge funds and other institutional investors have recently bought and sold shares of PARK. Boston Partners acquired a new position in Park Dental Partners in the 4th quarter worth approximately $576,000. Sei Investments Co. grew its stake in shares of Park Dental Partners by 100.0% during the 1st quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock worth $583,000 after purchasing an additional 17,383 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $1,522,000. Heartland Advisors Inc. acquired a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $2,251,000. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $2,316,000.

Park Dental Partners Company Profile

Park Dental Partners (NASDAQ: PARK) is a dental support organization that provides business and administrative services to affiliated dental practices. The company focuses on enabling dental clinicians to concentrate on patient care by delivering centralized non-clinical functions that support day-to-day operations and practice growth.

Services typically offered by Park Dental Partners include practice management, billing and revenue cycle management, procurement and supply-chain support, information technology, human resources, marketing and patient acquisition, and regulatory and compliance assistance.