PetIQ, Inc. (NASDAQ:PETQ) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in PetIQ, Inc. (NASDAQ:PETQ – Get Rating) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,469 shares of the company’s stock after acquiring an additional 3,499 shares during the period. Russell Investments Group Ltd. owned 0.40% of PetIQ worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Acuitas Investments LLC grew its stake in PetIQ by 16.8% in the 4th quarter. Acuitas Investments LLC now owns 286,000 shares of the company’s stock valued at $2,637,000 after acquiring an additional 41,225 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in PetIQ in the 4th quarter valued at about $266,000. Nepsis Inc. grew its stake in PetIQ by 85.0% in the 4th quarter. Nepsis Inc. now owns 885,197 shares of the company’s stock valued at $8,162,000 after acquiring an additional 406,825 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in PetIQ by 766.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 71,452 shares of the company’s stock valued at $659,000 after purchasing an additional 63,203 shares in the last quarter. Finally, Romano Brothers AND Company lifted its holdings in PetIQ by 8.8% in the 4th quarter. Romano Brothers AND Company now owns 24,800 shares of the company’s stock valued at $229,000 after purchasing an additional 2,000 shares in the last quarter. 94.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PETQ. Truist Financial reduced their target price on shares of PetIQ from $30.00 to $20.00 in a report on Friday, February 17th. Benchmark restated a “buy” rating and issued a $30.00 target price on shares of PetIQ in a report on Monday, February 13th.

PetIQ Trading Down 5.1 %

Shares of PETQ stock opened at $12.58 on Friday. The firm has a market cap of $369.63 million, a P/E ratio of -8.74, a PEG ratio of 3.87 and a beta of 1.95. PetIQ, Inc. has a 1-year low of $6.66 and a 1-year high of $18.42. The company has a debt-to-equity ratio of 1.98, a current ratio of 2.13 and a quick ratio of 1.28. The firm’s 50-day simple moving average is $11.87 and its 200-day simple moving average is $11.14.

PetIQ (NASDAQ:PETQ – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.08. The business had revenue of $184.08 million for the quarter, compared to analyst estimates of $191.80 million. PetIQ had a negative net margin of 4.45% and a positive return on equity of 8.91%. As a group, equities analysts forecast that PetIQ, Inc. will post 0.44 EPS for the current year.

PetIQ Company Profile

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PetIQ, Inc is a holding company, which engages in the manufacture, procurement, packaging, and distribution of pet health and wellness products. It operates through the Products and Services segments. The Products segment produces and distributes pet medication and health and wellness products to the retail channel.