Recent Insider Activity Could Benefit Henry Schein Inc. (HSIC)

CHWY Stock
CHWY Stock

Henry Schein Inc.’s filing revealed that its CEO, Strategic Business Group Brous David B Jr unloaded Company’s shares for reported $0.84 million on Jun 12. In the deal valued at $74.86 per share,11,157 shares were sold. As a result of this transaction, Brous David B Jr now holds 68,690 shares worth roughly $ 5.09 million.

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Then, Siegel Walter sold 5,497 shares, generating $407,163 in total proceeds. Upon selling the shares at $74.07, the Sr. VP & Chief Legal Officer now owns 35,737 shares.

Before that, BRESLAWSKI JAMES P sold 24,234 shares. Henry Schein Inc. shares valued at $1,800,453 were divested by the Vice Chairman, President at a price of $74.29 per share. As a result of the transaction, BRESLAWSKI JAMES P now holds 201,555 shares, worth roughly $14.93 million.

UBS upgraded its Henry Schein Inc. [HSIC] rating to a Neutral from a a Sell in a research note published on Monday. PT values the company’s stock at a premium of 7.42 to its Monday closing price.

Price Performance Review of HSIC

On Monday, Henry Schein Inc. [NASDAQ:HSIC] saw its stock fall -0.47% to $74.06. On the same session, the stock had its day’s lowest price of $73.775, but rose to a high of $74.655. Over the last five days, the stock has lost -0.30%. Henry Schein Inc. shares have fallen nearly -7.27% since the year began. Nevertheless, the stocks have risen 2.96% over the past one year. While a 52-week high of $89.72 was reached on 02/02/23, a 52-week low of $64.75 was recorded on 05/31/23. SMA at 50 days reached $77.43, while 200 days put it at $79.64. A total of 0.53 million shares were traded, compared to the trading of 1.19 million shares in the previous session.

Levels Of Support And Resistance For HSIC Stock

The 24-hour chart illustrates a support level at 73.67, which if violated will result in even more drops to 73.28. On the upside, there is a resistance level at 74.55. A further resistance level may holdings at 75.04. The Relative Strength Index (RSI) on the 14-day chart is 39.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.21%. Stochastics %K at 22.41% indicates the stock is a holding.

How much short interest is there in Henry Schein Inc.?

A steep rise in short interest was recorded in Henry Schein Inc. stocks on Aug 30, 2023, dropping by -0.66 million shares to a total of 2.16 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 2.82 million shares. There was a decline of -30.56%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.90% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.38.

Henry Schein Inc. [HSIC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,656,383 shares, or roughly 11.22% of the outstanding HSIC shares. In other words, the investor’s shares have fallen by -222,452 from its previous 13-F filing of 14878835.0. Additionally, Generation Investment Management decreased -0.93% of its stake after which the total value it holdings stand at $939,120,083, while SSgA Funds Management, Inc. reduced -0.38% of its stake to hold $515.52 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -253,590 shares of Henry Schein Inc., while American Century Investment Manag sold 368,414 shares. At present, J.O. Hambro Capital Management Lt is holding 4,347,251 shares valued at $332.74 million. JPMorgan Investment Management, I owned 4,341,686 shares of the company at the time of its most recent 13F filing, worth $332.31 million.

According to FactSet, Henry Schein Inc.’s share price will average $81.64 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.2 percent from its previous closing price of $74.41. Analysts expect Henry Schein Inc. stock to reach the higher price of $94.00, while the lowest price estimate is $69.00. However, 13 analysts have rated HSIC stock as a Hold in their predictions for 2023.


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