Allworth Financial LP Purchases 609 Shares of Henry Schein, Inc. (NASDAQ:HSIC)

Allworth Financial LP grew its position in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 180.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 946 shares of the company’s stock after purchasing an additional 609 shares during the period. Allworth Financial LP’s holdings in Henry Schein were worth $71,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Henry Schein by 32.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,204 shares of the company’s stock worth $894,000 after acquiring an additional 2,992 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Henry Schein by 13.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 953,792 shares of the company’s stock valued at $69,498,000 after buying an additional 110,270 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Henry Schein by 0.7% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 47,055 shares of the company’s stock valued at $3,430,000 after buying an additional 325 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Henry Schein by 8.9% during the third quarter. Stephens Investment Management Group LLC now owns 179,716 shares of the company’s stock valued at $13,101,000 after buying an additional 14,631 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Henry Schein by 58.9% in the third quarter. Farther Finance Advisors LLC now owns 933 shares of the company’s stock worth $68,000 after buying an additional 346 shares during the period. 96.62% of the stock is currently owned by hedge funds and other institutional investors.

Henry Schein Price Performance

Shares of HSIC stock opened at $77.64 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.42 and a debt-to-equity ratio of 0.46. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 2.13 and a beta of 0.91. The business’s fifty day moving average is $74.19 and its 200 day moving average is $72.38. Henry Schein, Inc. has a twelve month low of $63.67 and a twelve month high of $82.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barrington Research lifted their price target on Henry Schein from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Jefferies Financial Group raised their price target on shares of Henry Schein from $77.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. StockNews.com raised shares of Henry Schein from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America raised Henry Schein from an “underperform” rating to a “buy” rating and raised their target price for the stock from $69.00 to $84.00 in a research note on Monday, January 6th. Finally, Mizuho began coverage on Henry Schein in a research report on Wednesday, December 4th. They set a “neutral” rating and a $75.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.09.

About Henry Schein

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.