New York State Common Retirement Fund Sells 229,043 Shares of Supervalu Inc. (SVU)

New York State Common Retirement Fund cut its holdings in Supervalu Inc. (NYSE:SVU) by 84.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,257 shares of the company’s stock after selling 229,043 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Supervalu worth $919,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SVU. Amalgamated Bank boosted its holdings in Supervalu by 0.7% during the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after acquiring an additional 246 shares during the period. Northwestern Mutual Investment Management Company LLC bought a new stake in Supervalu during the second quarter valued at about $216,000. Pacer Advisors Inc. boosted its holdings in Supervalu by 20.8% during the second quarter. Pacer Advisors Inc. now owns 67,109 shares of the company’s stock valued at $221,000 after acquiring an additional 11,574 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Supervalu during the third quarter valued at about $252,000. Finally, SG Americas Securities LLC boosted its holdings in Supervalu by 103.7% during the second quarter. SG Americas Securities LLC now owns 89,581 shares of the company’s stock valued at $295,000 after acquiring an additional 45,607 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Shares of Supervalu Inc. (NYSE:SVU) opened at $20.93 on Friday. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.21 and a quick ratio of 0.57. Supervalu Inc. has a one year low of $14.55 and a one year high of $34.23. The firm has a market cap of $803.89, a PE ratio of -37.38 and a beta of 2.29.

Supervalu (NYSE:SVU) last released its earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. Supervalu had a net margin of 4.08% and a return on equity of 41.33%. The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the company earned $0.70 earnings per share. The firm’s revenue was up 35.5% on a year-over-year basis. research analysts forecast that Supervalu Inc. will post 2.26 EPS for the current year.

A number of research firms have issued reports on SVU. ValuEngine upgraded shares of Supervalu from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Pivotal Research set a $39.00 price target on shares of Supervalu and gave the company a “buy” rating in a report on Tuesday, October 17th. Morgan Stanley decreased their price target on shares of Supervalu from $22.50 to $20.50 and set an “equal weight” rating for the company in a report on Thursday, October 19th. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Supervalu in a report on Thursday, October 19th. Finally, Northcoast Research restated a “neutral” rating on shares of Supervalu in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.50.

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About Supervalu

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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Institutional Ownership by Quarter for Supervalu (NYSE:SVU)

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