Aperio Group LLC lifted its stake in shares of Rite Aid Co. (NYSE:RAD) by 124.5% during the 4th quarter, Holdings Channel reports. The firm owned 430,916 shares of the company’s stock after acquiring an additional 238,942 shares during the period. Aperio Group LLC’s holdings in Rite Aid were worth $849,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Parametrica Management Ltd bought a new stake in shares of Rite Aid during the 4th quarter valued at approximately $182,000. State of Alaska Department of Revenue bought a new stake in shares of Rite Aid during the 4th quarter valued at approximately $195,000. Investment Centers of America Inc. grew its holdings in shares of Rite Aid by 53.3% during the 3rd quarter. Investment Centers of America Inc. now owns 184,991 shares of the company’s stock valued at $365,000 after purchasing an additional 64,300 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Rite Aid by 75.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 219,886 shares of the company’s stock valued at $431,000 after purchasing an additional 94,436 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Rite Aid by 35.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 225,131 shares of the company’s stock valued at $441,000 after purchasing an additional 59,000 shares during the last quarter. 51.68% of the stock is currently owned by institutional investors.
Shares of Rite Aid Co. (RAD) opened at $2.03 on Wednesday. Rite Aid Co. has a 1-year low of $1.38 and a 1-year high of $6.02. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 3.66. The firm has a market cap of $2,170.00, a P/E ratio of 18.45 and a beta of 1.76.
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Rite Aid Profile
Rite Aid Corporation is a retail drugstore chain. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company’s Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.
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