Monarch Partners Asset Management LLC purchased a new stake in Heska Corp. (NASDAQ:HSKA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,850 shares of the company’s stock, valued at approximately $255,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pembroke Management LTD bought a new stake in shares of Heska Corp. during the second quarter valued at approximately $5,096,000. Acadian Asset Management LLC increased its stake in shares of Heska Corp. by 21.5% in the second quarter. Acadian Asset Management LLC now owns 102,804 shares of the company’s stock valued at $3,821,000 after buying an additional 18,211 shares during the period. State Street Corp increased its stake in shares of Heska Corp. by 7.9% in the first quarter. State Street Corp now owns 84,363 shares of the company’s stock valued at $2,406,000 after buying an additional 6,170 shares during the period. Geode Capital Management LLC increased its stake in shares of Heska Corp. by 17.1% in the first quarter. Geode Capital Management LLC now owns 41,447 shares of the company’s stock valued at $1,181,000 after buying an additional 6,051 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Heska Corp. by 229.6% in the first quarter. Prudential Financial Inc. now owns 22,250 shares of the company’s stock valued at $634,000 after buying an additional 15,500 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.
Shares of Heska Corp. (NASDAQ:HSKA) traded up 2.64% during mid-day trading on Thursday, hitting $54.86. The company had a trading volume of 115,529 shares. Heska Corp. has a 52 week low of $26.26 and a 52 week high of $57.41. The firm has a 50-day moving average price of $53.68 and a 200-day moving average price of $40.99. The firm has a market capitalization of $377.16 million, a PE ratio of 55.58 and a beta of 0.41.
Heska Corp. (NASDAQ:HSKA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.17. Heska Corp. had a return on equity of 8.75% and a net margin of 6.22%. The company had revenue of $30 million for the quarter, compared to the consensus estimate of $28.47 million. The business’s quarterly revenue was up 25.5% on a year-over-year basis. Equities analysts forecast that Heska Corp. will post $1.12 earnings per share for the current year.
Several analysts have recently commented on the company. B. Riley downgraded Heska Corp. to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Monday, September 26th. Zacks Investment Research raised Heska Corp. from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Wednesday, July 13th. Gabelli downgraded Heska Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Finally, Sidoti assumed coverage on Heska Corp. in a research note on Friday, July 1st. They issued a “buy” rating and a $49.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Heska Corp. presently has an average rating of “Buy” and an average target price of $53.00.
In related news, CEO Kevin S. Wilson sold 10,000 shares of the business’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $42.37, for a total transaction of $423,700.00. Following the transaction, the chief executive officer now owns 150,000 shares in the company, valued at approximately $6,355,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason A. Napolitano sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $52.53, for a total value of $262,650.00. The disclosure for this sale can be found here. Corporate insiders own 15.30% of the company’s stock.
About Heska Corp.
Heska Corporation develops, manufactures, markets, sells and supports veterinary products. The Company focuses on the canine and feline companion animal health markets. Its segments include Core Companion Animal Health segment, which includes, primarily for canine and feline use, blood testing instruments and supplies, digital imaging products, software and services, and single use products and services, such as heartworm diagnostic tests, heartworm preventive products, allergy immunotherapy products and allergy testing, and Other Vaccines, Pharmaceuticals and Products segment, which includes private label vaccine and pharmaceutical production, primarily for cattle but also for other animals, including small mammals.
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