Engineers Gate Manager LP lessened its holdings in Supervalu Inc. (NYSE:SVU) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,676 shares of the company’s stock after selling 29,621 shares during the quarter. Engineers Gate Manager LP owned 0.08% of Supervalu worth $663,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Amalgamated Bank lifted its position in shares of Supervalu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Supervalu by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after purchasing an additional 1,492 shares in the last quarter. Lenox Wealth Management Inc. lifted its position in shares of Supervalu by 24.4% in the fourth quarter. Lenox Wealth Management Inc. now owns 27,847 shares of the company’s stock worth $601,000 after purchasing an additional 5,461 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Supervalu in the third quarter worth $147,000. Finally, Nine Chapters Capital Management LLC lifted its position in shares of Supervalu by 75.7% in the third quarter. Nine Chapters Capital Management LLC now owns 18,100 shares of the company’s stock worth $394,000 after purchasing an additional 7,800 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on SVU. ValuEngine raised shares of Supervalu from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Pivotal Research set a $39.00 price target on shares of Supervalu and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley dropped their price target on shares of Supervalu from $22.50 to $20.50 and set an “equal weight” rating on the stock in a research report on Thursday, October 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price target on shares of Supervalu in a research report on Thursday, October 19th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Supervalu in a research report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.69.
Supervalu Inc. (NYSE:SVU) opened at $15.24 on Tuesday. The company has a market cap of $585.35, a PE ratio of 66.26 and a beta of 1.49. The company has a quick ratio of 0.47, a current ratio of 1.24 and a debt-to-equity ratio of 4.65. Supervalu Inc. has a fifty-two week low of $13.79 and a fifty-two week high of $31.29.
Supervalu (NYSE:SVU) last posted its earnings results on Wednesday, January 10th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4 billion. Supervalu had a net margin of 4.17% and a return on equity of 26.48%. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. equities research analysts forecast that Supervalu Inc. will post 2.34 EPS for the current fiscal year.
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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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