Arrowstreet Capital Limited Partnership purchased a new position in Supervalu Inc. (NYSE:SVU) in the fourth quarter, Holdings Channel reports. The fund purchased 72,223 shares of the company’s stock, valued at approximately $1,560,000.
Other large investors also recently modified their holdings of the company. Boston Partners bought a new stake in shares of Supervalu in the third quarter worth $7,848,000. Greenwich Wealth Management LLC increased its stake in Supervalu by 109.4% during the fourth quarter. Greenwich Wealth Management LLC now owns 39,265 shares of the company’s stock valued at $848,000 after purchasing an additional 20,513 shares during the last quarter. LSV Asset Management increased its stake in Supervalu by 3.4% during the fourth quarter. LSV Asset Management now owns 1,845,995 shares of the company’s stock valued at $39,873,000 after purchasing an additional 60,104 shares during the last quarter. D.A. Davidson & CO. bought a new stake in Supervalu during the fourth quarter valued at $207,000. Finally, Voya Investment Management LLC increased its stake in Supervalu by 11.9% during the second quarter. Voya Investment Management LLC now owns 120,015 shares of the company’s stock valued at $395,000 after purchasing an additional 12,729 shares during the last quarter. Institutional investors and hedge funds own 94.20% of the company’s stock.
Several analysts have weighed in on SVU shares. Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 target price (down previously from $24.00) on shares of Supervalu in a research note on Thursday, January 11th. ValuEngine upgraded shares of Supervalu from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered shares of Supervalu from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Royal Bank of Canada set a $34.00 target price on shares of Supervalu and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Goldman Sachs Group reiterated a “sell” rating and set a $14.00 target price on shares of Supervalu in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Supervalu has an average rating of “Hold” and an average price target of $24.69.
Supervalu (NYSE:SVU) last released its quarterly earnings results on Wednesday, January 10th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.48 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4 billion. Supervalu had a net margin of 4.17% and a return on equity of 26.48%. The company’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. research analysts expect that Supervalu Inc. will post 2.34 EPS for the current fiscal year.
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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