Strs Ohio Acquires 15,100 Shares of SuperValu Inc. (SVU)

Strs Ohio boosted its position in shares of SuperValu Inc. (NYSE:SVU) by 8.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,500 shares of the company’s stock after buying an additional 15,100 shares during the period. Strs Ohio’s holdings in SuperValu were worth $922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its position in shares of SuperValu by 158.1% in the first quarter. Meeder Asset Management Inc. now owns 83,320 shares of the company’s stock worth $480,000 after buying an additional 51,041 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of SuperValu by 121.1% in the first quarter. Squarepoint Ops LLC now owns 97,917 shares of the company’s stock worth $564,000 after buying an additional 53,632 shares during the last quarter. Springbok Capital Management LLC raised its position in shares of SuperValu by 195.8% in the first quarter. Springbok Capital Management LLC now owns 106,800 shares of the company’s stock worth $615,000 after buying an additional 70,700 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of SuperValu by 3.2% in the first quarter. Kennedy Capital Management Inc. now owns 533,717 shares of the company’s stock worth $3,074,000 after buying an additional 16,501 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of SuperValu by 9.1% in the first quarter. Canada Pension Plan Investment Board now owns 210,600 shares of the company’s stock worth $1,213,000 after buying an additional 17,600 shares during the last quarter. Hedge funds and other institutional investors own 82.17% of the company’s stock.

Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

SuperValu Inc. (NYSE:SVU) traded up 5.79% during mid-day trading on Monday, reaching $5.30. 9,269,277 shares of the company’s stock traded hands. SuperValu Inc. has a 12 month low of $3.94 and a 12 month high of $7.28. The company has a 50 day moving average price of $4.97 and a 200-day moving average price of $4.98. The stock has a market cap of $1.40 billion, a P/E ratio of 8.89 and a beta of 1.92.

SuperValu (NYSE:SVU) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by $0.03. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.30 billion. SuperValu had a negative return on equity of 43.67% and a net margin of 0.94%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, analysts anticipate that SuperValu Inc. will post $0.63 EPS for the current year.

SVU has been the topic of a number of research reports. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Monday, July 4th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $5.00 price target on shares of SuperValu in a research note on Tuesday, July 26th. Telsey Advisory Group cut their price target on shares of SuperValu from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $7.00 price target on shares of SuperValu in a research note on Thursday, July 28th. Finally, Morgan Stanley cut their price target on shares of SuperValu from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.97.

About SuperValu

SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.

5 Day Chart for NYSE:SVU

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