OZ Management LP Reduces Position in HD Supply Holdings Inc (HDS)

OZ Management LP lessened its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 7.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,425,564 shares of the industrial products company’s stock after selling 271,066 shares during the quarter. HD Supply comprises 0.8% of OZ Management LP’s investment portfolio, making the stock its 25th biggest holding. OZ Management LP owned about 1.86% of HD Supply worth $146,580,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of HD Supply during the second quarter valued at about $2,297,000. Eqis Capital Management Inc. bought a new position in shares of HD Supply during the second quarter valued at about $214,000. Daiwa Securities Group Inc. lifted its position in shares of HD Supply by 101.7% during the second quarter. Daiwa Securities Group Inc. now owns 11,900 shares of the industrial products company’s stock valued at $510,000 after purchasing an additional 6,000 shares in the last quarter. Aperio Group LLC lifted its position in shares of HD Supply by 3.9% during the second quarter. Aperio Group LLC now owns 51,314 shares of the industrial products company’s stock valued at $2,201,000 after purchasing an additional 1,911 shares in the last quarter. Finally, TD Asset Management Inc. lifted its position in shares of HD Supply by 3.0% during the second quarter. TD Asset Management Inc. now owns 312,777 shares of the industrial products company’s stock valued at $13,415,000 after purchasing an additional 8,987 shares in the last quarter. Institutional investors own 95.09% of the company’s stock.

Several analysts have commented on the stock. BidaskClub lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Gordon Haskett assumed coverage on shares of HD Supply in a research report on Friday, October 12th. They issued a “hold” rating on the stock. Northcoast Research raised shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. ValuEngine lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $47.67.

HDS opened at $39.36 on Wednesday. The stock has a market capitalization of $7.33 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31. HD Supply Holdings Inc has a twelve month low of $34.49 and a twelve month high of $46.29.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 4th. The industrial products company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. On average, equities research analysts anticipate that HD Supply Holdings Inc will post 3.31 EPS for the current fiscal year.

In other news, Director Jana Partners Llc sold 861,499 shares of HD Supply stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.39, for a total value of $37,380,441.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by company insiders.

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HD Supply Profile

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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