Kennedy Capital Management Inc. Decreases Position in SuperValu Inc. (SVU)

Kennedy Capital Management Inc. trimmed its holdings in SuperValu Inc. (NYSE:SVU) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,840,036 shares of the company’s stock after selling 160,284 shares during the quarter. Kennedy Capital Management Inc.’s holdings in SuperValu were worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. First Trust Advisors LP increased its stake in shares of SuperValu by 33.4% in the 1st quarter. First Trust Advisors LP now owns 256,799 shares of the company’s stock worth $991,000 after acquiring an additional 64,302 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of SuperValu by 840.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 197,591 shares of the company’s stock worth $650,000 after acquiring an additional 176,581 shares in the last quarter. Princeton Alpha Management LP increased its stake in shares of SuperValu by 295.5% in the 1st quarter. Princeton Alpha Management LP now owns 42,789 shares of the company’s stock worth $165,000 after acquiring an additional 31,969 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of SuperValu by 7.6% in the 1st quarter. Mason Street Advisors LLC now owns 62,588 shares of the company’s stock worth $242,000 after acquiring an additional 4,444 shares in the last quarter. Finally, Addison Clark Management L.L.C. increased its stake in shares of SuperValu by 52.6% in the 1st quarter. Addison Clark Management L.L.C. now owns 1,054,644 shares of the company’s stock worth $4,071,000 after acquiring an additional 363,544 shares in the last quarter.

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Shares of SuperValu Inc. (NYSE:SVU) opened at 19.83 on Wednesday. The company has a market capitalization of $756.36 million, a price-to-earnings ratio of 1.22 and a beta of 2.11. The firm’s 50-day moving average is $22.30 and its 200-day moving average is $24.85. SuperValu Inc. has a 1-year low of $19.16 and a 1-year high of $38.43.

SuperValu (NYSE:SVU) last released its quarterly earnings results 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 firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share. Analysts forecast that SuperValu Inc. will post $2.36 earnings per share for the current fiscal year.

Several brokerages recently issued reports on SVU. ValuEngine lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of SuperValu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Telsey Advisory Group reduced their price objective on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating for the company in a research note on Tuesday, June 27th. Finally, Pivotal Research restated a “buy” rating and set a $38.50 price objective on shares of SuperValu in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. SuperValu presently has an average rating of “Hold” and a consensus target price of $32.67.

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.

Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

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