Essex Investment Management Co. LLC cut its position in VCA Inc. (NASDAQ:WOOF) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 6,587 shares of the company’s stock after selling 138 shares during the period. Essex Investment Management Co. LLC’s holdings in VCA were worth $445,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of VCA by 4.0% in the first quarter. Geode Capital Management LLC now owns 515,856 shares of the company’s stock worth $29,759,000 after buying an additional 20,071 shares during the period. State Street Corp boosted its position in shares of VCA by 2.4% in the first quarter. State Street Corp now owns 2,186,643 shares of the company’s stock worth $126,147,000 after buying an additional 50,360 shares during the period. Springbok Capital Management LLC bought a new position in shares of VCA during the first quarter worth approximately $690,000. CIBC World Markets Inc. bought a new position in shares of VCA during the second quarter worth approximately $3,472,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of VCA by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,555,210 shares of the company’s stock worth $205,100,000 after buying an additional 49,736 shares during the period. Hedge funds and other institutional investors own 91.17% of the company’s stock.
Shares of VCA Inc. (NASDAQ:WOOF) traded up 1.02% during midday trading on Friday, hitting $70.11. The company’s stock had a trading volume of 669,342 shares. The firm has a 50-day moving average of $70.00 and a 200 day moving average of $66.28. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 25.01 and a beta of 1.23. VCA Inc. has a 12-month low of $44.00 and a 12-month high of $73.69.
VCA (NASDAQ:WOOF) last posted its earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. The company earned $653.50 million during the quarter, compared to analysts’ expectations of $637.18 million. VCA had a return on equity of 16.86% and a net margin of 9.93%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. On average, equities research analysts predict that VCA Inc. will post $2.93 EPS for the current fiscal year.
WOOF has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded VCA from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, July 29th. Jefferies Group restated a “hold” rating on shares of VCA in a report on Friday, August 5th. Finally, Bank of America Corp. restated a “buy” rating on shares of VCA in a report on Thursday, September 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. VCA currently has a consensus rating of “Buy” and a consensus target price of $71.00.
In other VCA news, Director John B. Chickering, Jr. sold 2,302 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $70.85, for a total transaction of $163,096.70. Following the completion of the sale, the director now owns 10,992 shares of the company’s stock, valued at $778,783.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Arthur J. Antin sold 34,000 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $69.03, for a total value of $2,347,020.00. Following the sale, the chief operating officer now directly owns 89,691 shares of the company’s stock, valued at approximately $6,191,369.73. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.
VCA Company Profile
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.
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