BNP Paribas Arbitrage SA increased its stake in shares of SuperValu Inc. (NYSE:SVU) by 43.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,959 shares of the company’s stock after buying an additional 32,996 shares during the period. BNP Paribas Arbitrage SA’s holdings in SuperValu were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in SuperValu by 5.6% during the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after acquiring an additional 1,687 shares during the last quarter. Sigma Planning Corp raised its position in SuperValu by 2.5% during 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 position in SuperValu during the second quarter worth about $149,000. Dynamic Technology Lab Private Ltd raised its position in SuperValu by 10.4% during 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. Finally, State of Alaska Department of Revenue raised its position in SuperValu by 77.9% during the second quarter. State of Alaska Department of Revenue now owns 52,551 shares of the company’s stock worth $172,000 after acquiring an additional 23,011 shares during the last quarter.
SVU has been the subject of a number of research reports. Zacks Investment Research cut shares of SuperValu from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Monday, August 28th. Deutsche Bank AG restated a “hold” rating and set a $28.00 target price (down previously from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. ValuEngine cut shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Pivotal Research set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.67.
SuperValu Inc. (NYSE SVU) opened at 20.71 on Monday. The firm has a market cap of $789.92 million, a price-to-earnings ratio of 1.28 and a beta of 2.11. SuperValu Inc. has a 52-week low of $19.16 and a 52-week high of $38.43. The stock has a 50 day moving average of $21.80 and a 200-day moving average of $24.69.
SuperValu (NYSE:SVU) last announced its earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.07). SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that SuperValu Inc. will post $2.36 EPS for the current year.
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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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