Trade Report: Today, State Treasurer State of Michigan Sold shares of Henry Schein Inc. (HSIC)

Today, State Treasurer State of Michigan Sold shares of Henry Schein Inc. (HSIC)

State Treasurer State of Michigan reduced its position in Henry Schein Inc. (NASDAQ:HSIC) by 45.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,500 shares of the company’s stock after selling 23,300 shares during the period. State Treasurer State of Michigan’s holdings in Henry Schein were worth $4,645,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of Henry Schein by 0.4% in the second quarter. Quadrant Capital Group LLC now owns 742 shares of the company’s stock worth $128,000 after buying an additional 3 shares during the last quarter. Montag & Caldwell LLC raised its position in shares of Henry Schein by 0.3% in the second quarter. Montag & Caldwell LLC now owns 2,700 shares of the company’s stock worth $477,000 after buying an additional 7 shares during the last quarter. Cleararc Capital Inc. raised its position in shares of Henry Schein by 0.9% in the second quarter. Cleararc Capital Inc. now owns 2,013 shares of the company’s stock worth $356,000 after buying an additional 17 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Henry Schein by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 3,350 shares of the company’s stock worth $592,000 after buying an additional 20 shares during the last quarter. Finally, Ranger Investment Management L.P. raised its position in shares of Henry Schein by 1.5% in the second quarter. Ranger Investment Management L.P. now owns 1,370 shares of the company’s stock worth $242,000 after buying an additional 20 shares during the last quarter. 92.91% of the stock is owned by hedge funds and other institutional investors.

Henry Schein Inc. (NASDAQ:HSIC) opened at 151.18 on Friday. Henry Schein Inc. has a 12-month low of $142.64 and a 12-month high of $183.00. The firm has a 50-day moving average of $154.52 and a 200 day moving average of $166.59. The company has a market capitalization of $12.17 billion, a PE ratio of 25.10 and a beta of 1.09.

Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.03. Henry Schein had a net margin of 4.40% and a return on equity of 18.15%. The firm earned $2.87 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Henry Schein Inc. will post $6.58 EPS for the current fiscal year.

A number of brokerages recently weighed in on HSIC. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $163.00 target price on shares of Henry Schein in a research note on Thursday, November 3rd. Leerink Swann restated a “hold” rating on shares of Henry Schein in a research note on Thursday, November 3rd. Zacks Investment Research upgraded shares of Henry Schein from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Robert W. Baird downgraded shares of Henry Schein from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $176.00 to $164.00 in a research note on Friday, October 14th. Finally, Goldman Sachs Group Inc. upgraded shares of Henry Schein from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Tuesday, October 11th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $172.83.

In other news, Director Paul Brons sold 3,381 shares of Henry Schein stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $164.03, for a total transaction of $554,585.43. Following the completion of the transaction, the director now directly owns 13,715 shares in the company, valued at $2,249,671.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark E. Mlotek sold 2,417 shares of Henry Schein stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $155.19, for a total transaction of $375,094.23. Following the transaction, the executive vice president now owns 40,456 shares of the company’s stock, valued at $6,278,366.64. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.

About Henry Schein

Henry Schein, Inc is a provider of health care products and services to office-based dental, animal health and medical practitioners. The Company’s segments include healthcare distribution, and technology and value-added services. The healthcare distribution segment aggregates its global dental, animal health and medical operating segments.

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