State Street Corp increased its position in Supervalu Inc. (NYSE:SVU) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,622,341 shares of the company’s stock after buying an additional 447,769 shares during the period. State Street Corp’s holdings in Supervalu were worth $35,596,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of Supervalu by 40.8% in the third quarter. BlackRock Fund Advisors now owns 18,688,377 shares of the company’s stock worth $93,255,000 after buying an additional 5,418,327 shares in the last quarter. Clearline Capital LP bought a new position in shares of Supervalu during the third quarter worth $25,184,000. UBS Oconnor LLC bought a new position in shares of Supervalu during the third quarter worth $14,774,000. Gotham Asset Management LLC bought a new position in shares of Supervalu during the third quarter worth $6,357,000. Finally, Principal Financial Group Inc. raised its position in shares of Supervalu by 31.3% in the third quarter. Principal Financial Group Inc. now owns 5,054,085 shares of the company’s stock worth $25,221,000 after buying an additional 1,205,041 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.
Supervalu Inc. (NYSE:SVU) opened at 3.74 on Friday. Supervalu Inc. has a 52-week low of $3.20 and a 52-week high of $5.90. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 9.77 and a beta of 2.07. The firm’s 50-day moving average is $3.67 and its 200 day moving average is $4.41.
Supervalu (NYSE:SVU) last posted its earnings results on Wednesday, January 11th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.08. The firm had revenue of $3 billion for the quarter. Supervalu had a net margin of 0.64% and a negative return on equity of 43.47%. Supervalu’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. On average, equities research analysts predict that Supervalu Inc. will post $0.43 EPS for the current fiscal year.
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SVU has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Supervalu from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. Pivotal Research reiterated a “buy” rating and set a $5.50 price objective on shares of Supervalu in a research report on Monday, January 16th. Finally, Royal Bank of Canada set a $6.00 price objective on shares of Supervalu and gave the company a “hold” rating in a research report on Monday, January 9th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.32.
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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