Short Interest in Henry Schein, Inc. (NASDAQ:HSIC) Expands By 6.0%

Henry Schein, Inc. (NASDAQ:HSIC) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 6,840,000 shares, an increase of 6.0% from the November 30th total of 6,450,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the short-interest ratio is presently 4.3 days. Approximately 5.6% of the shares of the stock are short sold.

Insider Buying and Selling at Henry Schein

In other Henry Schein news, COO Michael S. Ettinger sold 12,240 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $75.00, for a total value of $918,000.00. Following the transaction, the chief operating officer now owns 87,706 shares of the company’s stock, valued at approximately $6,577,950. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Henry Schein

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cromwell Holdings LLC increased its holdings in Henry Schein by 93.4% during the 3rd quarter. Cromwell Holdings LLC now owns 352 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Henry Schein by 58.9% during the third quarter. Farther Finance Advisors LLC now owns 933 shares of the company’s stock worth $68,000 after buying an additional 346 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Henry Schein by 282.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,490 shares of the company’s stock worth $109,000 after buying an additional 1,100 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Henry Schein in the 3rd quarter valued at approximately $109,000. Finally, Huntington National Bank boosted its position in Henry Schein by 16.8% during the 3rd quarter. Huntington National Bank now owns 1,515 shares of the company’s stock worth $110,000 after acquiring an additional 218 shares during the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on HSIC shares. StockNews.com upgraded shares of Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Evercore ISI upped their target price on shares of Henry Schein from $70.00 to $74.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $82.00 price target on shares of Henry Schein in a report on Wednesday, November 6th. Finally, Mizuho started coverage on shares of Henry Schein in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $75.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Henry Schein Trading Up 0.0 %

Shares of NASDAQ HSIC opened at $69.20 on Thursday. Henry Schein has a twelve month low of $63.67 and a twelve month high of $82.63. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 2.30 and a beta of 0.87. The company has a quick ratio of 0.82, a current ratio of 1.42 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $72.15 and its 200-day moving average is $70.27.

Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.24 billion. Henry Schein had a return on equity of 12.90% and a net margin of 2.51%. Henry Schein’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. Equities research analysts predict that Henry Schein will post 4.78 EPS for the current year.

Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.