Connor Clark & Lunn Investment Management Ltd. Has $5.22 Million Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 26.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,368,751 shares of the company’s stock after buying an additional 289,629 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Petco Health and Wellness were worth $5,215,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WOOF. JPMorgan Chase & Co. increased its position in Petco Health and Wellness by 328.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after acquiring an additional 1,349,728 shares during the period. Empowered Funds LLC acquired a new position in Petco Health and Wellness in the 4th quarter valued at approximately $4,516,000. FMR LLC increased its position in Petco Health and Wellness by 170.9% in the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after acquiring an additional 959,960 shares during the period. Invenomic Capital Management LP acquired a new position in Petco Health and Wellness in the 3rd quarter valued at approximately $2,747,000. Finally, Holocene Advisors LP increased its position in Petco Health and Wellness by 8.7% in the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock valued at $34,386,000 after acquiring an additional 602,602 shares during the period.

Analyst Ratings Changes

WOOF has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Morgan Stanley decreased their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, Wedbush reiterated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.47.

Petco Health and Wellness Stock Up 0.8 %

Shares of NASDAQ WOOF opened at $2.39 on Monday. The firm has a market cap of $749.14 million, a PE ratio of -5.98 and a beta of 1.92. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $6.29. The company’s fifty day simple moving average is $3.23 and its 200 day simple moving average is $3.96. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

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.