Sei Investments Co. Lowers Position in HD Supply Holdings, Inc. (NASDAQ:HDS)

Sei Investments Co. reduced its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,564 shares of the industrial products company’s stock after selling 18,659 shares during the period. Sei Investments Co.’s holdings in HD Supply Holdings were worth $10,768,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. World Asset Management Inc raised its position in HD Supply Holdings by 0.4% in the second quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock valued at $278,000 after buying an additional 33 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares in the last quarter. Cadence Capital Management LLC raised its position in HD Supply Holdings by 0.9% in the first quarter. Cadence Capital Management LLC now owns 6,096 shares of the industrial products company’s stock valued at $251,000 after buying an additional 53 shares in the last quarter. Teacher Retirement System of Texas raised its position in HD Supply Holdings by 0.4% in the first quarter. Teacher Retirement System of Texas now owns 15,831 shares of the industrial products company’s stock valued at $651,000 after buying an additional 61 shares in the last quarter. Finally, Symphony Asset Management LLC raised its position in HD Supply Holdings by 0.3% in the first quarter. Symphony Asset Management LLC now owns 45,123 shares of the industrial products company’s stock valued at $1,855,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 97.60% of the company’s stock.

Shares of HD Supply Holdings, Inc. (HDS) opened at 30.89 on Thursday. The company has a market capitalization of $6.26 billion, a P/E ratio of 21.24 and a beta of 1.41. The firm has a 50-day moving average of $31.25 and a 200 day moving average of $38.13. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.02. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted $0.51 earnings per share. HD Supply Holdings’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.

HD Supply Holdings declared that its board has authorized a stock repurchase plan on Tuesday, June 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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Several research firms have weighed in on HDS. UBS AG upgraded shares of HD Supply Holdings to an “outperform” rating and set a $44.00 price objective on the stock in a research note on Wednesday, April 19th. BidaskClub lowered shares of HD Supply Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Deutsche Bank AG lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday, June 9th. Wells Fargo & Company reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $48.00) on shares of HD Supply Holdings in a research note on Wednesday, July 12th. Finally, Northcoast Research assumed coverage on shares of HD Supply Holdings in a research note on Tuesday, July 25th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. HD Supply Holdings currently has an average rating of “Buy” and a consensus price target of $39.64.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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