Exchange Traded Concepts LLC lessened its position in Henry Schein, Inc. (NASDAQ:HSIC – Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,658 shares of the company’s stock after selling 274 shares during the period. Exchange Traded Concepts LLC’s holdings in Henry Schein were worth $599,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of HSIC. Cromwell Holdings LLC grew its stake in shares of Henry Schein by 93.4% in the third quarter. Cromwell Holdings LLC now owns 352 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Henry Schein by 274.6% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the company’s stock worth $32,000 after purchasing an additional 335 shares during the period. City State Bank bought a new position in Henry Schein in the 4th quarter valued at about $55,000. Farther Finance Advisors LLC grew its position in Henry Schein by 58.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 933 shares of the company’s stock valued at $68,000 after buying an additional 346 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Henry Schein by 282.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,490 shares of the company’s stock valued at $109,000 after buying an additional 1,100 shares during the period. 96.62% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on HSIC. Evercore ISI increased their price objective on shares of Henry Schein from $70.00 to $74.00 and gave the company an “in-line” rating in a report on Tuesday, October 8th. StockNews.com upgraded Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on Henry Schein from $77.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Barrington Research lifted their target price on Henry Schein from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Bank of America upgraded shares of Henry Schein from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $84.00 in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.10.
Henry Schein Price Performance
HSIC stock opened at $80.03 on Friday. Henry Schein, Inc. has a one year low of $63.67 and a one year high of $82.63. The firm has a 50-day moving average of $73.31 and a two-hundred day moving average of $71.34. The firm has a market capitalization of $9.98 billion, a PE ratio of 32.93, a P/E/G ratio of 2.04 and a beta of 0.89. The company has a current ratio of 1.42, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.
Henry Schein (NASDAQ:HSIC – Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts forecast that Henry Schein, Inc. will post 4.78 earnings per share for the current year.
Insider Activity
In other news, COO Michael S. Ettinger sold 12,240 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $75.00, for a total value of $918,000.00. Following the transaction, the chief operating officer now owns 87,706 shares in the company, valued at $6,577,950. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.14% of the company’s stock.
About Henry Schein
Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, 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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