Summit Trail Advisors LLC Trims Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Summit Trail Advisors LLC trimmed its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 750,691 shares of the company’s stock after selling 3,757 shares during the quarter. Summit Trail Advisors LLC owned about 0.24% of Petco Health and Wellness worth $2,860,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WOOF. Bleakley Financial Group LLC raised its position in Petco Health and Wellness by 14.3% during the fourth quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock valued at $172,000 after acquiring an additional 5,660 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares in the last quarter. Diversified Trust Co raised its position in Petco Health and Wellness by 57.2% during the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock valued at $97,000 after acquiring an additional 9,272 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Petco Health and Wellness during the third quarter valued at approximately $58,000. Finally, Sanctuary Advisors LLC purchased a new position in Petco Health and Wellness during the third quarter valued at approximately $66,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Wedbush raised their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Morgan Stanley dropped their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.16.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $3.02 on Tuesday. The stock’s fifty day moving average is $3.99 and its two-hundred day moving average is $3.97. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29.

Petco Health and Wellness 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.