Tudor Investment Corp ET AL lowered its position in SuperValu Inc. (NYSE:SVU) by 25.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,000 shares of the company’s stock after selling 22,766 shares during the period. Tudor Investment Corp ET AL’s holdings in SuperValu were worth $251,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in SuperValu by 11,576.6% in the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after buying an additional 40,904,886 shares during the period. Norges Bank acquired a new position in SuperValu during the fourth quarter worth approximately $14,230,000. Westpac Banking Corp acquired a new position in SuperValu during the first quarter worth approximately $5,238,000. Saba Capital Management L.P. acquired a new position in SuperValu during the first quarter worth approximately $3,277,000. Finally, OppenheimerFunds Inc. boosted its position in SuperValu by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 2,886,730 shares of the company’s stock worth $11,143,000 after buying an additional 707,303 shares during the period. 80.47% of the stock is owned by institutional investors.
Shares of SuperValu Inc. (NYSE:SVU) opened at 22.92 on Friday. The firm has a market cap of $874.21 million, a PE ratio of 1.41 and a beta of 2.06. SuperValu Inc. has a 52 week low of $20.30 and a 52 week high of $40.18. The stock has a 50 day moving average price of $23.22 and a 200 day moving average price of $25.81.
SuperValu (NYSE:SVU) last released its quarterly earnings data on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. Equities analysts expect that SuperValu Inc. will post $2.36 earnings per share for the current year.
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SVU has been the subject of a number of research analyst reports. Zacks Investment Research cut SuperValu from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and set a $42.00 price target on shares of SuperValu in a report on Tuesday, May 30th. ValuEngine cut SuperValu from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Guggenheim reaffirmed a “neutral” rating on shares of SuperValu in a report on Monday, May 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.50 target price (down previously from $31.50) on shares of SuperValu in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. SuperValu presently has a consensus rating of “Hold” and an average price target of $32.08.
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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