Municipal Employees Retirement System of Michigan trimmed its stake in shares of SuperValu Inc. (NYSE:SVU) by 77.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,347 shares of the company’s stock after selling 48,843 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in SuperValu were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of SuperValu by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock worth $98,671,000 after buying an additional 682,044 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SuperValu by 35.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after purchasing an additional 1,903,023 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of SuperValu by 1.2% in the 2nd quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock worth $17,775,000 after purchasing an additional 62,061 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in shares of SuperValu by 60.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock worth $15,849,000 after purchasing an additional 1,820,941 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of SuperValu by 3.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,898,027 shares of the company’s stock worth $12,825,000 after purchasing an additional 132,579 shares in the last quarter. Institutional investors own 83.25% of the company’s stock.
SuperValu Inc. (NYSE:SVU) traded up $0.68 during mid-day trading on Monday, hitting $19.59. 1,192,100 shares of the stock were exchanged, compared to its average volume of 817,810. SuperValu Inc. has a twelve month low of $14.55 and a twelve month high of $35.91. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.21 and a quick ratio of 0.57. The firm has a market capitalization of $752.42, a price-to-earnings ratio of 8.34 and a beta of 2.29.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. The firm’s revenue was up 35.5% compared to the same quarter last year. equities research analysts predict that SuperValu Inc. will post 2.26 EPS for the current fiscal year.
A number of research firms recently commented on SVU. Goldman Sachs Group reiterated a “sell” rating and issued a $14.00 target price on shares of SuperValu in a report on Tuesday, November 14th. TheStreet downgraded shares of SuperValu from a “c” rating to a “d+” rating in a report on Wednesday, October 18th. Northcoast Research reiterated a “neutral” rating on shares of SuperValu in a report on Thursday, October 19th. ValuEngine upgraded shares of SuperValu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Pivotal Research set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. SuperValu has a consensus rating of “Hold” and an average target price of $26.50.
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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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