Wedge Capital Management L L P NC lowered its stake in shares of SuperValu Inc. (NYSE:SVU) by 76.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,981 shares of the company’s stock after selling 49,592 shares during the period. Wedge Capital Management L L P NC’s holdings in SuperValu were worth $326,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SVU. Amalgamated Bank increased its stake in shares of SuperValu by 0.7% during the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in SuperValu by 5.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares in the last quarter. Sigma Planning Corp boosted its holdings in SuperValu by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares during the period. Hartford Investment Management Co. bought a new position in SuperValu in the 2nd quarter valued at $149,000. Finally, State of Alaska Department of Revenue boosted its holdings in SuperValu by 77.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 52,551 shares of the company’s stock valued at $172,000 after purchasing an additional 23,011 shares during the period.
Shares of SuperValu Inc. (NYSE SVU) opened at $15.55 on Friday. The stock has a market cap of $597.24, a price-to-earnings ratio of 6.62 and a beta of 2.30. SuperValu Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $36.68. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76.
SuperValu (NYSE:SVU) last issued its earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The firm’s revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. research analysts predict that SuperValu Inc. will post 2.26 earnings per share for the current fiscal year.
Several brokerages have commented on SVU. Pivotal Research reissued a “buy” rating and issued a $38.50 price target on shares of SuperValu in a report on Wednesday, July 26th. Northcoast Research reaffirmed a “neutral” rating on shares of SuperValu in a report on Thursday, October 19th. ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. TheStreet downgraded shares of SuperValu from a “c” rating to a “d+” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded shares of SuperValu from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.29.
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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