Susquehanna Fundamental Investments LLC Acquires 280,644 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Susquehanna Fundamental Investments LLC raised its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 50.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 833,153 shares of the company’s stock after purchasing an additional 280,644 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Petco Health and Wellness were worth $3,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new stake in shares of Petco Health and Wellness during the second quarter worth $135,000. Millennium Management LLC grew its position in Petco Health and Wellness by 233.7% during the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after acquiring an additional 1,876,233 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Petco Health and Wellness in the 2nd quarter worth about $93,000. AQR Capital Management LLC raised its position in Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after purchasing an additional 2,953,667 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Petco Health and Wellness by 47.3% during the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after purchasing an additional 1,092,204 shares in the last quarter.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $4.68 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. The business’s 50-day moving average price is $3.36 and its two-hundred day moving average price is $2.90. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $5.09.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company lifted their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Wedbush reiterated an “outperform” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, September 11th. Finally, Citigroup raised their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus price target of $3.45.

Petco Health and Wellness Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.