Alta Capital Management LLC reduced its position in shares of VCA Inc. (NASDAQ:WOOF) by 8.6% during the third quarter, Holdings Channel reports. The fund owned 229,686 shares of the company’s stock after selling 21,713 shares during the period. Alta Capital Management LLC’s holdings in VCA were worth $16,073,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of VCA by 910.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,657 shares of the company’s stock worth $116,000 after buying an additional 1,493 shares during the last quarter. Walleye Trading LLC raised its position in shares of VCA by 312.0% in the second quarter. Walleye Trading LLC now owns 2,052 shares of the company’s stock worth $139,000 after buying an additional 1,554 shares during the last quarter. Creative Planning raised its position in shares of VCA by 43.5% in the second quarter. Creative Planning now owns 2,554 shares of the company’s stock worth $173,000 after buying an additional 774 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of VCA during the third quarter worth approximately $204,000. Finally, Bessemer Group Inc. raised its position in shares of VCA by 58.1% in the second quarter. Bessemer Group Inc. now owns 3,004 shares of the company’s stock worth $203,000 after buying an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.
VCA Inc. (NASDAQ:WOOF) traded down 1.77% during mid-day trading on Monday, hitting $63.44. The company’s stock had a trading volume of 539,219 shares. VCA Inc. has a 52-week low of $44.00 and a 52-week high of $73.69. The firm has a 50 day moving average of $64.85 and a 200-day moving average of $67.41. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 22.32 and a beta of 1.05.
VCA (NASDAQ:WOOF) last announced its earnings results on Wednesday, October 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.81 by $0.02. The company had revenue of $659.90 million for the quarter, compared to analysts’ expectations of $667.13 million. VCA had a net margin of 9.64% and a return on equity of 16.47%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, equities research analysts expect that VCA Inc. will post $2.91 EPS for the current fiscal year.
WOOF has been the topic of a number of analyst reports. Jefferies Group reissued a “hold” rating and issued a $60.00 price target (down previously from $69.00) on shares of VCA in a research note on Friday, October 28th. Zacks Investment Research raised VCA from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Friday, September 30th. Benchmark Co. assumed coverage on VCA in a research note on Monday, October 24th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of VCA in a research note on Thursday, September 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $73.00.
In other VCA news, COO Arthur J. Antin sold 34,000 shares of VCA stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $69.03, for a total transaction of $2,347,020.00. Following the sale, the chief operating officer now directly owns 89,691 shares in the company, valued at approximately $6,191,369.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.60% of the company’s stock.
VCA Inc is an animal healthcare company. The Company operates through five segments. Its Animal Hospital segment provides veterinary services for companion animals and sells related retail and pharmaceutical products. Its Laboratory segment provides diagnostic laboratory testing services for veterinarians, both associated with its animal hospitals and those independent of the Company.