Rite Aid Co. (RAD) Position Increased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its position in shares of Rite Aid Co. (NYSE:RAD) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,857,100 shares of the company’s stock after buying an additional 192,400 shares during the period. OMERS ADMINISTRATION Corp owned 0.18% of Rite Aid worth $7,893,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its stake in Rite Aid by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 135,800 shares of the company’s stock worth $1,044,000 after buying an additional 400 shares during the period. First Republic Investment Management Inc. increased its stake in Rite Aid by 0.5% in the fourth quarter. First Republic Investment Management Inc. now owns 115,686 shares of the company’s stock worth $953,000 after buying an additional 567 shares during the period. Hefty Wealth Partners increased its stake in Rite Aid by 1.6% in the first quarter. Hefty Wealth Partners now owns 47,240 shares of the company’s stock worth $200,000 after buying an additional 740 shares during the period. Cohen Capital Management Inc. increased its stake in Rite Aid by 3.4% in the first quarter. Cohen Capital Management Inc. now owns 26,978 shares of the company’s stock worth $115,000 after buying an additional 875 shares during the period. Finally, NEXT Financial Group Inc increased its stake in Rite Aid by 2.4% in the first quarter. NEXT Financial Group Inc now owns 37,800 shares of the company’s stock worth $151,000 after buying an additional 900 shares during the period. 59.92% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Rite Aid (NYSE:RAD)

Shares of Rite Aid Co. (NYSE:RAD) traded up 0.87% during mid-day trading on Friday, hitting $3.46. The stock had a trading volume of 17,760,098 shares. The company has a 50-day moving average of $4.12 and a 200 day moving average of $6.09. Rite Aid Co. has a one year low of $3.32 and a one year high of $8.77. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 865.00 and a beta of 1.89.

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Several research analysts have recently issued reports on the company. Guggenheim downgraded Rite Aid from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. Mizuho reaffirmed a “positive” rating and set a $6.75 price target (down previously from $9.00) on shares of Rite Aid in a research note on Monday, January 30th. Deutsche Bank AG reaffirmed a “hold” rating and set a $6.50 price target (down previously from $9.00) on shares of Rite Aid in a research note on Monday, March 6th. Zacks Investment Research downgraded shares of Rite Aid from a “hold” rating to a “sell” rating in a research note on Wednesday, March 8th. Finally, Vetr downgraded shares of Rite Aid from a “strong-buy” rating to a “buy” rating and set a $6.58 target price for the company. in a research note on Monday, February 20th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $6.58.

About Rite Aid

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.

5 Day Chart for NYSE:RAD

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