Seven Eight Capital LP Acquires Shares of 100,852 HD Supply Holdings, Inc. (HDS)

Seven Eight Capital LP acquired a new stake in HD Supply Holdings, Inc. (NASDAQ:HDS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 100,852 shares of the industrial products company’s stock, valued at approximately $3,089,000.

A number of other institutional investors have also recently made changes to their positions in HDS. BlackRock Inc. boosted its position in shares of HD Supply Holdings by 17,050.5% during the first quarter. BlackRock Inc. now owns 8,197,945 shares of the industrial products company’s stock valued at $337,140,000 after buying an additional 8,150,145 shares during the last quarter. OZ Management LP purchased a new position in shares of HD Supply Holdings during the second quarter valued at approximately $117,147,000. Iridian Asset Management LLC CT boosted its position in shares of HD Supply Holdings by 84.7% during the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after buying an additional 3,000,390 shares during the last quarter. FMR LLC boosted its position in shares of HD Supply Holdings by 11.7% during the first quarter. FMR LLC now owns 25,400,170 shares of the industrial products company’s stock valued at $1,044,582,000 after buying an additional 2,661,459 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of HD Supply Holdings by 11,034.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,605,258 shares of the industrial products company’s stock valued at $66,016,000 after buying an additional 1,590,841 shares during the last quarter. 95.48% of the stock is owned by hedge funds and other institutional investors.

Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) traded down 1.01% during mid-day trading on Wednesday, reaching $33.41. The company had a trading volume of 275,976 shares. HD Supply Holdings, Inc. has a one year low of $28.97 and a one year high of $44.73. The company has a 50 day moving average price of $31.81 and a 200 day moving average price of $36.31. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 10.55 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that HD Supply Holdings, Inc. will post $2.21 EPS for the current year.

HD Supply Holdings announced that its Board of Directors has approved a stock repurchase plan on Tuesday, June 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Several research analysts recently issued reports on the company. Zacks Investment Research cut HD Supply Holdings from a “buy” rating to a “hold” rating in a research report on Monday. Credit Suisse Group cut HD Supply Holdings from an “outperform” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Friday, September 8th. Royal Bank Of Canada cut their target price on HD Supply Holdings from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, September 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 target price (up previously from $36.00) on shares of HD Supply Holdings in a research report on Friday, September 1st. Finally, BidaskClub raised HD Supply Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. HD Supply Holdings presently has an average rating of “Hold” and a consensus target price of $38.14.

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HD Supply Holdings Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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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