Applied Fundamental Research LLC has recently announced that it has increased stake in PetIQ Inc. (NASDAQ:PETQ) by 48.60%. After grabbing 1.63 million shares, the institutional investor is now in possession of 0.53 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 5.57% having worth around $13.43 million. Moreover, Aristotle Capital Boston LLC increased its share by 927.0 to have a control over 1.21 million shares.
PetIQ Inc. (PETQ) concluded trading on 11/23/22 at a closing price of $11.04, with 0.46 million shares of worth about $5.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.83% during that period and on Wednesday the price saw a loss of about -1.60%. Currently the company’s common shares owned by public are about 29.22M shares, out of which, 28.73M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 44 times over the past 12 months. They bought 152,718 shares in 31 of the transactions. In 13 selling transactions, insiders dumped 14,970 shares.
Delaware Ivy Small Cap Growth Fun, Fidelity Small Cap America Fund, and American Funds Small Cap World Fu are the top 3 mutual funds which are holding stakes in PetIQ Inc. Delaware Ivy Small Cap Growth Fun is currently holding 2.07 million shares of worth totaling $16.99 million. The company recently came selling -0.15 million shares which brought its stake up to 7.05% of the company’s outstanding shares. Fidelity Small Cap America Fund bought 0.2 million shares, after which its hold over company’s outstanding shares expand to 3.92%, leaving 1.15 million shares with the mutual fund that have a worth of about $9.45 million. American Funds Small Cap World Fu, after selling 0.88 million shares, have now control over 3.00% of the stake in the company. It holds -0.23 million shares of worth $7.24 million.
However, the stock later moved at a day high price of 11.97, or with a loss of -1.60%. Stock saw a price change of -5.24% in past 5 days and over the past one month there was a price change of 41.54%. Year-to-date (YTD), PETQ shares are showing a performance of -51.39% which decreased to -50.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.66 but also hit the highest price of $25.40 during that period. The average intraday trading volume for PetIQ Inc. shares is 645.44K. The stock is currently trading 17.82% above its 20-day simple moving average (SMA20), while that difference is up 30.51% for SMA50 and it goes to -28.82% lower than SMA200.
Applied Fundamental Research LLC acquired 1.63 million shares of PetIQ Inc. having value of about $13.43 million. Data submitted at the U.S SEC by Applied Fundamental Research LLC revealed that the firm now holds 0.53 million shares in the company valued at close to $5899157.76, or have control over 48.60% stake in the company. Holding of mutual funds in the company is about 43.95% while other institutional holders and individual stake holders have control over 61.21% and 10.52% of the stake respectively.
The stock has a current market capitalization of $315.96M and its 3Y-monthly beta is at 1.67. It has posted earnings per share of -$1.90 in the same period. It has Quick Ratio of 1.60 while making debt-to-equity ratio of 2.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PETQ, volatility over the week remained 6.29% while standing at 7.70% over the month.
Analysts are in expectations that PetIQ Inc. (PETQ) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $1.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 83.20% while it is estimated to increase by 11.32% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of -17.10% made by the stock over the past 5-years.
Coverage by The Benchmark Company stated PetIQ Inc. (PETQ) stock as a Buy in their note to investors on November 30, 2021, suggesting a price target of $30 for the stock. On October 16, 2020, Jefferies Resumed their recommendations, while on May 23, 2019, Guggenheim Initiated their ratings for the stock with a price target of $35. Stock get a Buy rating from CL King on September 28, 2018.