Westpac Banking Corp Sells 71,224 Shares of VCA Inc. (WOOF)
Westpac Banking Corp cut its position in shares of VCA Inc. (NASDAQ:WOOF) by 90.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,376 shares of the company’s stock after selling 71,224 shares during the quarter. Westpac Banking Corp’s holdings in VCA were worth $681,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. State of Wisconsin Investment Board increased its position in shares of VCA by 201.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 107,183 shares of the company’s stock valued at $9,894,000 after purchasing an additional 71,640 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of VCA during the 1st quarter valued at about $1,749,000. BlackRock Inc. increased its position in shares of VCA by 2,848.0% during the 1st quarter. BlackRock Inc. now owns 6,340,883 shares of the company’s stock valued at $580,192,000 after purchasing an additional 6,125,792 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of VCA by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 33,500 shares of the company’s stock valued at $3,092,000 after purchasing an additional 500 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of VCA by 264.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 110,672 shares of the company’s stock valued at $10,216,000 after purchasing an additional 80,339 shares during the last quarter. Hedge funds and other institutional investors own 76.52% of the company’s stock.
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Shares of VCA Inc. (NASDAQ:WOOF) opened at 92.98 on Wednesday. The stock has a market capitalization of $7.56 billion, a PE ratio of 34.94 and a beta of 1.01. VCA Inc. has a one year low of $59.51 and a one year high of $93.00. The company’s 50-day moving average price is $92.67 and its 200 day moving average price is $92.07.
VCA (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. VCA had a return on equity of 15.54% and a net margin of 8.00%. The company had revenue of $743.13 million for the quarter, compared to analysts’ expectations of $735.75 million. During the same period in the previous year, the firm posted $0.87 earnings per share. Analysts anticipate that VCA Inc. will post $3.20 EPS for the current year.
Several equities analysts have recently commented on WOOF shares. Zacks Investment Research upgraded VCA from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Tuesday, August 1st. BidaskClub lowered VCA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $93.00 price objective on shares of VCA in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $92.17.
VCA Company Profile
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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