Longview Partners LLP has recently announced that it has increased stake in Henry Schein Inc. (NASDAQ:HSIC) by 3.54%. After grabbing 7.26 million shares, the institutional investor is now in possession of 0.25 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 5.54% having worth around $586.98 million. Moreover, J.O. Hambro Capital Management Lt increased its share by 76491.0 to have a control over 4.26 million shares. And American Century Investment Manag raised its holdings to 78846.0 shares by acquiring 4.03 million shares or 3.07% of the stake.
Henry Schein Inc. (HSIC) concluded trading on 05/24/23 at a closing price of $75.56, with 0.97 million shares of worth about $73.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.49% during that period and on Wednesday the price saw a loss of about -1.68%. Currently the company’s common shares owned by public are about 131.37M shares, out of which, 130.47M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 92 times over the past 12 months. They bought 257,842 shares in 31 of the transactions. In 61 selling transactions, insiders dumped 479,107 shares.
Alecta Pension, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Henry Schein Inc. Alecta Pension is currently holding 4.34 million shares of worth totaling $350.76 million. The company recently came selling 62217.0 shares which brought its stake up to 3.31% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 10160.0 shares, after which its hold over company’s outstanding shares expand to 3.11%, leaving 4.08 million shares with the mutual fund that have a worth of about $329.71 million. Vanguard 500 Index Fund, after buying 3.18 million shares, have now control over 2.42% of the stake in the company. It holds 16943.0 shares of worth $257.1 million.
Henry Schein Inc. (NASDAQ: HSIC) started trading at $75.12, below -$1.73 from concluding price of the previous day. However, the stock later moved at a day high price of 76.38, or with a loss of -1.68%. Stock saw a price change of -1.27% in past 5 days and over the past one month there was a price change of -9.65%. Year-to-date (YTD), HSIC shares are showing a performance of -5.40% which decreased to -10.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.75 but also hit the highest price of $89.72 during that period. The average intraday trading volume for Henry Schein Inc. shares is 836.29K. The stock is currently trading -3.67% below its 20-day simple moving average (SMA20), while that difference is down -5.77% for SMA50 and it goes to -2.88% lower than SMA200.
Longview Partners LLP acquired 7.26 million shares of Henry Schein Inc. having value of about $586.98 million. Data submitted at the U.S SEC by Longview Partners LLP revealed that the firm now holds 0.25 million shares in the company valued at close to $18788674.04, or have control over 3.54% stake in the company. Henry Schein Inc. (NASDAQ: HSIC) currently have 131.37M outstanding shares and institutions hold larger chunk of about 99.90% of that. Holding of mutual funds in the company is about 5.54% while other institutional holders and individual stake holders have control over 56.57% and 43.36% of the stake respectively.
The stock has a current market capitalization of $9.85B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 21.57, while it has posted earnings per share of $3.50 in the same period. Its PEG reads 3.02 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HSIC, volatility over the week remained 1.67% while standing at 2.34% over the month.
Analysts are in expectations that Henry Schein Inc. (HSIC) stock would likely to be making an EPS of $Henry Schein, Inc. in the current quarter, while forecast for next quarter EPS is $75.56 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Harsco Corporation which is $Heidrick & Struggles Internatio 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 $Silver Spike Investment Corp. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.30% while it is estimated to increase by 8.56% in next year. EPS is likely to shrink at an annualized rate of 7.14% for next 5-years, compared to annual growth of 7.20% made by the stock over the past 5-years.
