SuperValu (SVU) Position Cut by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of SuperValu (NYSE:SVU) by 85.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,627 shares of the company’s stock after selling 116,509 shares during the quarter. Millennium Management LLC’s holdings in SuperValu were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. OppenheimerFunds Inc. raised its stake in SuperValu by 1.1% during the 4th quarter. OppenheimerFunds Inc. now owns 458,458 shares of the company’s stock valued at $9,902,000 after purchasing an additional 4,803 shares during the period. Lenox Wealth Management Inc. raised its stake in SuperValu by 24.4% during the 4th quarter. Lenox Wealth Management Inc. now owns 27,847 shares of the company’s stock valued at $601,000 after purchasing an additional 5,461 shares during the period. Globeflex Capital L P bought a new stake in SuperValu during the 4th quarter valued at approximately $126,000. Crossmark Global Holdings Inc. raised its stake in SuperValu by 53.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,725 shares of the company’s stock valued at $383,000 after purchasing an additional 6,147 shares during the period. Finally, Renaissance Technologies LLC raised its stake in SuperValu by 1.8% during the 4th quarter. Renaissance Technologies LLC now owns 370,555 shares of the company’s stock valued at $8,004,000 after purchasing an additional 6,500 shares during the period. 95.16% of the stock is currently owned by institutional investors.

SuperValu opened at $16.44 on Thursday, according to Marketbeat Ratings. SuperValu has a 52-week low of $16.38 and a 52-week high of $16.66. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.20 and a quick ratio of 0.57. The firm has a market cap of $631.39 million, a P/E ratio of 7.98 and a beta of 1.24.

SuperValu (NYSE:SVU) last posted its quarterly earnings data on Tuesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.18). SuperValu had a net margin of 0.29% and a return on equity of 20.95%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. SuperValu’s revenue was up 42.1% compared to the same quarter last year. research analysts forecast that SuperValu will post 1.86 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. ValuEngine downgraded SuperValu from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 8th. Zacks Investment Research cut SuperValu from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Morgan Stanley cut their price target on SuperValu from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Thursday, April 26th. Pivotal Research restated a “buy” rating and set a $24.00 price target on shares of SuperValu in a report on Monday, April 23rd. Finally, Credit Suisse Group began coverage on SuperValu in a report on Tuesday, April 17th. They set an “underperform” rating and a $15.00 price target for the company. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.39.

SuperValu Profile

SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States. The company operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.

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Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

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