Patterson Companies, Inc. (PDCO) Reaches $32.00 After 8.00% Up Move; Roystone Capital Management LP Raised Alliance Data Systems (ADS) Holding

February 16, 2018 - By Kurt Siggers

Roystone Capital Management Lp increased Alliance Data Systems Corp (ADS) stake by 12.07% reported in 2017Q3 SEC filing. Roystone Capital Management Lp acquired 28,000 shares as Alliance Data Systems Corp (ADS)’s stock rose 0.06%. The Roystone Capital Management Lp holds 259,990 shares with $57.60M value, up from 231,990 last quarter. Alliance Data Systems Corp now has $13.53B valuation. The stock increased 1.78% or $4.28 during the last trading session, reaching $244.93. About 124,783 shares traded. Alliance Data Systems Corporation (NYSE:ADS) has risen 14.47% since February 16, 2017 and is uptrending. It has underperformed by 2.23% the S&P500.

The stock of Patterson Companies, Inc. (NASDAQ:PDCO) is a huge mover today! The stock increased 3.23% or $1 during the last trading session, reaching $32. About 294,129 shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 4.97% since February 16, 2017 and is downtrending. It has underperformed by 21.67% the S&P500.The move comes after 7 months positive chart setup for the $2.96B company. It was reported on Feb, 16 by Barchart.com. We have $34.56 PT which if reached, will make NASDAQ:PDCO worth $237.12 million more.

Investors sentiment increased to 0.93 in Q3 2017. Its up 0.08, from 0.85 in 2017Q2. It is positive, as 46 investors sold ADS shares while 163 reduced holdings. 48 funds opened positions while 146 raised stakes. 50.97 million shares or 2.32% less from 52.18 million shares in 2017Q2 were reported. Polaris Capital Management Ltd Liability Company reported 0.03% in Alliance Data Systems Corporation (NYSE:ADS). Brant Point Investment Mngmt Limited Liability Corp invested in 7,600 shares. Westfield Co Ltd Partnership accumulated 288,141 shares. Peak6 LP reported 7,592 shares. Ameritas Investment Prns holds 0.01% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS) for 1,286 shares. Bankshares Of Montreal Can owns 504,608 shares for 0.1% of their portfolio. Us Savings Bank De accumulated 18,037 shares. Segall Bryant Hamill Limited Liability reported 0.4% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS). Boothbay Fund Mgmt Ltd Limited Liability Company holds 8,188 shares or 0.3% of its portfolio. Wells Fargo And Mn has 0.01% invested in Alliance Data Systems Corporation (NYSE:ADS) for 87,773 shares. The United Kingdom-based Lloyds Banking Gr Public Ltd has invested 1.11% in Alliance Data Systems Corporation (NYSE:ADS). Hightower Advsr Ltd holds 2,680 shares or 0.01% of its portfolio. Smith Thomas W stated it has 2.95% in Alliance Data Systems Corporation (NYSE:ADS). Sector Pension Inv Board holds 0.01% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS) for 5,434 shares. Fernwood Investment Mngmt Ltd Company invested 0.61% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS).

Among 33 analysts covering Alliance Data Systems (NYSE:ADS), 18 have Buy rating, 3 Sell and 12 Hold. Therefore 55% are positive. Alliance Data Systems had 79 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of Alliance Data Systems Corporation (NYSE:ADS) has “Buy” rating given on Sunday, October 1 by RBC Capital Markets. On Wednesday, August 17 the stock rating was downgraded by Credit Suisse to “Underperform”. Cowen & Co downgraded Alliance Data Systems Corporation (NYSE:ADS) on Monday, January 29 to “Hold” rating. Piper Jaffray maintained Alliance Data Systems Corporation (NYSE:ADS) on Thursday, January 25 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Monday, September 18. The rating was maintained by Barclays Capital on Friday, April 21 with “Overweight”. The stock of Alliance Data Systems Corporation (NYSE:ADS) earned “Hold” rating by BMO Capital Markets on Wednesday, May 31. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, November 15. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, August 23. The stock of Alliance Data Systems Corporation (NYSE:ADS) earned “Underperform” rating by IBC on Wednesday, April 12.

Roystone Capital Management Lp decreased Dxc Technology Co stake by 188,500 shares to 590,200 valued at $50.69M in 2017Q3. It also reduced Cbs Corp New (NYSE:CBS) stake by 299,500 shares and now owns 343,800 shares. Liberty Interactive Corp (NASDAQ:QVCA) was reduced too.

Analysts await Patterson Companies, Inc. (NASDAQ:PDCO) to report earnings on February, 22. They expect $0.52 EPS, down 10.34% or $0.06 from last year’s $0.58 per share. PDCO’s profit will be $48.17 million for 15.38 P/E if the $0.52 EPS becomes a reality. After $0.51 actual EPS reported by Patterson Companies, Inc. for the previous quarter, Wall Street now forecasts 1.96% EPS growth.

Among 16 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 2 have Buy rating, 4 Sell and 10 Hold. Therefore 13% are positive. Patterson Companies Inc. had 35 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Buy” rating given on Wednesday, January 6 by Evercore. Robert W. Baird maintained Patterson Companies, Inc. (NASDAQ:PDCO) on Friday, August 26 with “Neutral” rating. On Tuesday, November 21 the stock rating was maintained by Piper Jaffray with “Hold”. The firm has “Buy” rating given on Wednesday, November 22 by Robert W. Baird. Jefferies maintained the stock with “Hold” rating in Wednesday, September 13 report. The company was reinitiated on Wednesday, August 24 by Bank of America. Stifel Nicolaus maintained it with “Sell” rating and $34.0 target in Tuesday, October 17 report. The rating was initiated by Deutsche Bank with “Hold” on Friday, December 8. UBS downgraded Patterson Companies, Inc. (NASDAQ:PDCO) on Tuesday, July 11 to “Sell” rating. On Thursday, February 15 the stock rating was downgraded by JP Morgan to “Underweight”.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.46, from 0.79 in 2017Q2. It increased, as 39 investors sold Patterson Companies, Inc. shares while 102 reduced holdings. 46 funds opened positions while 130 raised stakes. 88.39 million shares or 5.32% more from 83.93 million shares in 2017Q2 were reported. Jefferies Gp Ltd Liability Com invested in 0% or 6,700 shares. Mairs & Power invested in 1.08% or 2.34 million shares. Alpha Windward Ltd Liability holds 0.03% or 1,112 shares in its portfolio. Jarislowsky Fraser stated it has 0% in Patterson Companies, Inc. (NASDAQ:PDCO). 54,392 are owned by Bnp Paribas Arbitrage Sa. Federated Invsts Pa holds 0% or 2,783 shares. Kayne Anderson Rudnick Investment Mgmt Lc holds 1.63 million shares. Ftb Incorporated stated it has 187 shares or 0% of all its holdings. Aqr Capital Management Ltd Co stated it has 0% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Cipher Cap Ltd Partnership accumulated 50,931 shares. Glenmede Trust Na holds 227,456 shares or 0.04% of its portfolio. 10,447 were reported by Ls Investment Advsr Lc. Gemmer Asset Llc stated it has 140 shares or 0% of all its holdings. Us Retail Bank De has invested 0.01% in Patterson Companies, Inc. (NASDAQ:PDCO). 28,103 are held by First Republic Inv Management.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $2.96 billion. It operates through Dental and Animal Health divisions. It has a 19.15 P/E ratio. The companyÂ’s Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

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