Swiss National Bank grew its position in Covetrus, Inc. (NASDAQ:CVET – Get Rating) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 259,540 shares of the company’s stock after acquiring an additional 15,100 shares during the period. Swiss National Bank owned 0.19% of Covetrus worth $5,385,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CVET. Select Equity Group L.P. raised its stake in shares of Covetrus by 3,737.6% in the first quarter. Select Equity Group L.P. now owns 1,513,820 shares of the company’s stock valued at $25,417,000 after acquiring an additional 1,474,373 shares during the last quarter. Alpine Associates Management Inc. bought a new position in Covetrus in the 2nd quarter worth approximately $26,210,000. Dimensional Fund Advisors LP raised its position in Covetrus by 36.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,501,140 shares of the company’s stock worth $41,997,000 after purchasing an additional 661,866 shares during the last quarter. Candriam S.C.A. bought a new position in Covetrus in the 2nd quarter worth approximately $12,930,000. Finally, Wellington Management Group LLP raised its position in Covetrus by 6.2% in the 1st quarter. Wellington Management Group LLP now owns 8,357,496 shares of the company’s stock worth $140,323,000 after purchasing an additional 485,051 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.
Covetrus Price Performance
CVET opened at $20.99 on Friday. The company has a fifty day moving average price of $20.95 and a two-hundred day moving average price of $20.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 1.88. Covetrus, Inc. has a 52 week low of $13.39 and a 52 week high of $21.20. The firm has a market capitalization of $2.94 billion, a PE ratio of -209.90 and a beta of 1.51.
Analyst Upgrades and Downgrades
Covetrus, Inc, together with its subsidiaries, operates as an animal-health technology and services company. It engages in the sale of animal-health consumable products, including proprietary and Covetrus branded products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products, parasiticides, and vitamins and supplements to wholesale and retail customers.
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