Principal Financial Group Inc. Has $30.28 Million Stake in VCA Inc (WOOF)
Principal Financial Group Inc. reduced its position in VCA Inc (NASDAQ:WOOF) by 25.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 330,883 shares of the company’s stock after selling 113,725 shares during the period. Principal Financial Group Inc.’s holdings in VCA were worth $30,276,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Credit Agricole S A increased its stake in VCA by 106.1% in the first quarter. Credit Agricole S A now owns 14,102 shares of the company’s stock worth $1,290,000 after buying an additional 7,259 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in VCA during the first quarter worth $925,000. Municipal Employees Retirement System of Michigan increased its stake in VCA by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 37,600 shares of the company’s stock worth $3,440,000 after buying an additional 610 shares in the last quarter. Spark Investment Management LLC acquired a new stake in VCA during the first quarter worth $3,385,000. Finally, Westpac Banking Corp increased its stake in VCA by 4.8% in the first quarter. Westpac Banking Corp now owns 100,600 shares of the company’s stock worth $5,804,000 after buying an additional 4,612 shares in the last quarter. 86.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VCA Inc (NASDAQ:WOOF) remained flat at $92.14 during mid-day trading on Tuesday. 260,988 shares of the stock were exchanged. The company’s 50 day moving average price is $91.82 and its 200 day moving average price is $85.10. VCA Inc has a 12 month low of $59.51 and a 12 month high of $92.36. The company has a market cap of $7.49 billion, a PE ratio of 35.30 and a beta of 1.03.
VCA (NASDAQ:WOOF) last announced its earnings results on Thursday, April 27th. The company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. The firm had revenue of $678.25 million during the quarter, compared to the consensus estimate of $679.92 million. VCA had a return on equity of 16.03% and a net margin of 8.31%. On average, equities research analysts predict that VCA Inc will post $3.10 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on WOOF. Zacks Investment Research downgraded shares of VCA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $93.00 target price on shares of VCA in a research report on Friday, March 17th. Finally, Benchmark Co. downgraded shares of VCA from a “buy” rating to a “hold” rating in a research report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. VCA has a consensus rating of “Hold” and an average target price of $86.60.
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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