Virtu Financial LLC Decreases Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Virtu Financial LLC cut its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,417 shares of the company’s stock after selling 5,704 shares during the quarter. Virtu Financial LLC’s holdings in Petco Health and Wellness were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pallas Capital Advisors LLC purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at about $58,000. Bank of New York Mellon Corp raised its stake in shares of Petco Health and Wellness by 253.9% during the second quarter. Bank of New York Mellon Corp now owns 721,630 shares of the company’s stock valued at $2,728,000 after purchasing an additional 517,738 shares during the period. HB Wealth Management LLC boosted its stake in shares of Petco Health and Wellness by 21.6% in the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock valued at $98,000 after purchasing an additional 4,615 shares during the period. Panagora Asset Management Inc. purchased a new position in shares of Petco Health and Wellness in the second quarter valued at $1,927,000. Finally, Searle & CO. acquired a new stake in Petco Health and Wellness during the 2nd quarter valued at $76,000.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF opened at $4.14 on Thursday. The company has a market cap of $1.30 billion, a PE ratio of -10.35 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The firm has a 50-day simple moving average of $4.50 and a 200 day simple moving average of $3.91. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Citigroup lifted their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wedbush increased their target price on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group dropped their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.