Cetera Investment Advisers Makes New Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Cetera Investment Advisers acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,590 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. New York State Common Retirement Fund increased its stake in shares of Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after purchasing an additional 3,711 shares in the last quarter. Swiss National Bank grew its stake in shares of Petco Health and Wellness by 2.6% in the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after buying an additional 4,800 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Petco Health and Wellness by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock worth $3,775,000 after acquiring an additional 5,100 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock worth $172,000 after acquiring an additional 5,660 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Petco Health and Wellness by 54.7% in the 4th quarter. Sei Investments Co. now owns 18,009 shares of the company’s stock worth $69,000 after acquiring an additional 6,371 shares during the last quarter.

Petco Health and Wellness Stock Up 0.5%

Shares of NASDAQ WOOF opened at $3.69 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -9.23 and a beta of 1.74. The firm has a 50-day moving average price of $3.23 and a 200 day moving average price of $3.45. Petco Health and Wellness Company, Inc. has a 52 week low of $2.23 and a 52 week high of $6.29.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WOOF shares. Wedbush reduced their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th. Citigroup dropped their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. UBS Group lowered their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Finally, Robert W. Baird reduced their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.00.

About Petco Health and Wellness

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.