Alps Advisors Inc. reduced its stake in shares of SuperValu Inc. (NYSE:SVU) by 89.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,589 shares of the company’s stock after selling 146,892 shares during the period. Alps Advisors Inc.’s holdings in SuperValu were worth $383,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of SVU. Amalgamated Bank lifted its stake in SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares during the last quarter. Sigma Planning Corp lifted its stake in SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in SuperValu by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after purchasing an additional 1,492 shares during the last quarter. Texas Permanent School Fund lifted its stake in SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock worth $643,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after purchasing an additional 1,687 shares during the last quarter.
Shares of SuperValu Inc. (SVU) opened at $15.95 on Wednesday. The firm has a market cap of $630.67, a PE ratio of 6.99 and a beta of 2.30. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 4.76. SuperValu Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $35.91.
SuperValu (NYSE:SVU) last posted its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.11. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 35.5% on a year-over-year basis. equities analysts expect that SuperValu Inc. will post 2.26 EPS for the current year.
SVU has been the subject of several recent analyst reports. ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Pivotal Research set a $39.00 price objective on shares of SuperValu and gave the company a “buy” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada set a $42.00 price objective on shares of SuperValu and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, July 31st. Finally, TheStreet downgraded shares of SuperValu from a “c” rating to a “d+” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.50.
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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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