LSV Asset Management reduced its position in shares of Supervalu Inc. (NYSE:SVU) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 12,966,092 shares of the company’s stock after selling 583,800 shares during the period. LSV Asset Management owned about 4.84% of Supervalu worth $50,049,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wedge Capital Management L L P NC increased its position in Supervalu by 27.9% in the first quarter. Wedge Capital Management L L P NC now owns 67,150 shares of the company’s stock worth $259,000 after buying an additional 14,631 shares during the period. Wells Fargo & Company MN increased its position in Supervalu by 15.2% in the first quarter. Wells Fargo & Company MN now owns 3,765,448 shares of the company’s stock worth $14,534,000 after buying an additional 498,007 shares during the period. Greenwich Wealth Management LLC increased its position in Supervalu by 9.8% in the first quarter. Greenwich Wealth Management LLC now owns 127,700 shares of the company’s stock worth $493,000 after buying an additional 11,444 shares during the period. First Midwest Bank Trust Division acquired a new position in Supervalu during the first quarter worth $393,000. Finally, Sigma Planning Corp increased its position in Supervalu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock worth $155,000 after buying an additional 1,050 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.
Shares of Supervalu Inc. (NYSE:SVU) traded up 1.96% on Friday, hitting $4.16. 2,333,389 shares of the stock were exchanged. The stock’s 50-day moving average is $3.85 and its 200-day moving average is $4.20. Supervalu Inc. has a 1-year low of $3.20 and a 1-year high of $5.74. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 1.70 and a beta of 2.07.
Supervalu (NYSE:SVU) last announced its earnings results on Tuesday, April 25th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The company earned $2.91 billion during the quarter, compared to the consensus estimate of $2.90 billion. Supervalu had a net margin of 0.64% and a negative return on equity of 43.47%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. Analysts forecast that Supervalu Inc. will post $0.35 earnings per share for the current year.
A number of research firms recently weighed in on SVU. Guggenheim reaffirmed a “neutral” rating on shares of Supervalu in a research report on Monday, May 1st. Royal Bank of Canada set a $6.00 target price on shares of Supervalu and gave the company a “buy” rating in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Supervalu from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $5.50 target price on shares of Supervalu in a research report on Monday, January 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $5.32.
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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