1st Global Advisors Inc. trimmed its position in SuperValu Inc. (NYSE:SVU) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,634 shares of the company’s stock after selling 7,360 shares during the quarter. 1st Global Advisors Inc. owned about 0.25% of SuperValu worth $311,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in SVU. Amalgamated Bank grew its holdings in SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after purchasing an additional 246 shares during the period. Public Employees Retirement System of Ohio grew its holdings in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after purchasing an additional 1,687 shares during the period. Sigma Planning Corp boosted its stake in shares of SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in shares of SuperValu in the second quarter worth approximately $149,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock worth $155,000 after acquiring an additional 3,790 shares during the last quarter.
A number of brokerages have recently issued reports on SVU. TheStreet lowered SuperValu from a “c” rating to a “d+” rating in a research note on Wednesday, October 18th. Morgan Stanley lowered their price target on SuperValu from $22.50 to $20.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $35.00 price target on shares of SuperValu in a research note on Thursday, October 19th. Northcoast Research reaffirmed a “neutral” rating on shares of SuperValu in a research note on Thursday, October 19th. Finally, ValuEngine raised SuperValu from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.33.
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SuperValu Inc. (NYSE SVU) traded up 0.31% during trading on Friday, reaching $16.25. The company’s stock had a trading volume of 1,561,171 shares. The company has a market capitalization of $619.81 million, a PE ratio of 1.00 and a beta of 2.13. The company has a 50 day moving average price of $19.71 and a 200-day moving average price of $23.50. SuperValu Inc. has a 52 week low of $14.55 and a 52 week high of $36.68.
SuperValu (NYSE:SVU) last posted its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. Equities research analysts anticipate that SuperValu Inc. will post $2.27 earnings per share for the current year.
SuperValu Company Profile
Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
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