Principal Financial Group Inc. raised its stake in SuperValu Inc. (NYSE:SVU) by 31.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,054,085 shares of the company’s stock after buying an additional 1,205,041 shares during the period. Principal Financial Group Inc. owned about 1.91% of SuperValu worth $25,221,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in SuperValu by 11.0% in the second quarter. UBS Asset Management Americas Inc. now owns 488,945 shares of the company’s stock valued at $2,308,000 after buying an additional 48,600 shares in the last quarter. Nationwide Fund Advisors increased its stake in SuperValu by 0.5% in the second quarter. Nationwide Fund Advisors now owns 948,757 shares of the company’s stock valued at $4,478,000 after buying an additional 4,756 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in SuperValu by 49.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 118,654 shares of the company’s stock valued at $560,000 after buying an additional 39,490 shares in the last quarter. First Trust Advisors LP acquired a new stake in SuperValu during the second quarter valued at about $553,000. Finally, Emerald Acquisition Ltd. acquired a new stake in SuperValu during the second quarter valued at about $2,558,000. Institutional investors own 85.57% of the company’s stock.
SuperValu Inc. (NYSE:SVU) opened at 4.38 on Thursday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 11.44 and a beta of 1.96. The company’s 50-day moving average price is $4.75 and its 200-day moving average price is $4.87. SuperValu Inc. has a 52-week low of $3.94 and a 52-week high of $6.17.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Wednesday, January 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.08. SuperValu had a net margin of 0.64% and a negative return on equity of 43.47%. The firm earned $3 billion during the quarter. During the same quarter last year, the company earned $0.16 earnings per share. SuperValu’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that SuperValu Inc. will post $0.45 EPS for the current year.
Several equities research analysts have issued reports on the company. Pivotal Research restated a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of SuperValu in a report on Tuesday, October 18th. Zacks Investment Research lowered SuperValu from a “hold” rating to a “sell” rating in a research report on Tuesday, December 20th. Finally, RBC Capital Markets set a $6.00 target price on SuperValu and gave the stock a “hold” rating in a research report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.41.
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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