Century Capital Management LLC lessened its holdings in shares of SuperValu Inc. (NYSE:SVU) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 775,409 shares of the company’s stock after selling 37,061 shares during the quarter. Century Capital Management LLC’s holdings in SuperValu were worth $2,551,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of SuperValu by 11,576.6% during the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after acquiring an additional 40,904,886 shares during the last quarter. UBS Oconnor LLC boosted its position in shares of SuperValu by 323.4% during the 1st quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after acquiring an additional 7,044,616 shares during the last quarter. State Street Corp boosted its position in shares of SuperValu by 7.7% during the 1st quarter. State Street Corp now owns 8,208,363 shares of the company’s stock valued at $31,686,000 after acquiring an additional 586,022 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of SuperValu by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock valued at $17,775,000 after acquiring an additional 62,061 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of SuperValu by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,396,791 shares of the company’s stock valued at $20,831,000 after acquiring an additional 118,740 shares during the last quarter.
Shares of SuperValu Inc. (SVU) traded down 6.78% on Friday, hitting $19.66. 812,810 shares of the stock traded hands. The company has a market cap of $749.87 million, a PE ratio of 1.21 and a beta of 2.11. SuperValu Inc. has a 12 month low of $19.16 and a 12 month high of $38.43. The firm’s 50 day moving average is $22.39 and its 200-day moving average is $24.95.
SuperValu (NYSE:SVU) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $4 billion for 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 company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. Equities analysts predict that SuperValu Inc. will post $2.36 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Morgan Stanley reissued an “equal weight” rating and set a $24.50 price target (down previously from $31.50) on shares of SuperValu in a research report on Monday, June 19th. BidaskClub cut shares of SuperValu from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Pivotal Research reissued a “buy” rating and set a $38.50 price target on shares of SuperValu in a research report on Wednesday, July 26th. Finally, ValuEngine cut shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $32.67.
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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