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Institutional investors boosted their stake in Patterson Companies, now owning 85.43% of the stock, as the company missed earnings estimates.
LM Wealth Partners LLC and Kestra Investment Management LLC increased their investments in Patterson Companies, Inc., with institutional investors now holding 85.43% of the company's stock.
Patterson reported earnings of $0.47 per share, falling short of analysts' estimates of $0.49.
The stock has a market cap of $2.74 billion and a PE ratio of 18.15.
Analysts have a consensus target price of $26.57 and an average rating of "Hold."
CEO Donald Zurbay sold 1,962 shares, reducing his position by 0.87%.
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Los inversores institucionales impulsaron su participación en Patterson Companies, que ahora posee el 85,43% de las acciones, ya que la compañía perdió las ganancias estimadas.