AQR Capital Management LLC cut its position in SuperValu Inc. (NYSE:SVU) by 64.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 930,061 shares of the company’s stock after selling 1,712,489 shares during the period. AQR Capital Management LLC owned about 0.35% of SuperValu worth $3,590,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of SuperValu during the fourth quarter worth about $1,004,000. Comerica Bank boosted its position in shares of SuperValu by 6.5% in the fourth quarter. Comerica Bank now owns 241,251 shares of the company’s stock worth $1,023,000 after buying an additional 14,701 shares during the last quarter. State Street Corp boosted its position in shares of SuperValu by 6.2% in the fourth quarter. State Street Corp now owns 7,622,341 shares of the company’s stock worth $35,596,000 after buying an additional 447,769 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SuperValu by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,278,051 shares of the company’s stock worth $24,649,000 after buying an additional 269,524 shares during the last quarter. Finally, FMR LLC boosted its position in shares of SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock worth $1,993,000 after buying an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.
SuperValu Inc. (NYSE SVU) opened at 3.26 on Friday. The stock’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.80. The stock has a market cap of $870.42 million, a P/E ratio of 1.33 and a beta of 2.02. SuperValu Inc. has a one year low of $2.90 and a one year high of $5.74.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Tuesday, April 25th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.90 billion. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, analysts predict that SuperValu Inc. will post $0.36 earnings per share for the current year.
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A number of equities analysts recently issued reports on SVU shares. Guggenheim restated a “neutral” rating on shares of SuperValu in a report on Wednesday, April 19th. Royal Bank Of Canada set a $6.00 target price on SuperValu and gave the stock a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research upgraded SuperValu from a “sell” rating to a “hold” rating in a report on Monday, May 8th. ValuEngine cut SuperValu from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $3.50 target price (down from $4.50) on shares of SuperValu in a report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $4.92.
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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