Ameriprise Financial Inc. Cuts Stake in SuperValu Inc. (SVU)
Ameriprise Financial Inc. lowered its position in SuperValu Inc. (NYSE:SVU) by 16.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,802,748 shares of the company’s stock after selling 364,894 shares during the period. Ameriprise Financial Inc. owned 0.68% of SuperValu worth $8,510,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SVU. Oakbrook Investments LLC boosted its position in shares of SuperValu by 6.9% in the second quarter. Oakbrook Investments LLC now owns 21,700 shares of the company’s stock worth $102,000 after buying an additional 1,400 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in shares of SuperValu by 30.4% in the second quarter. Commonwealth Equity Services Inc now owns 23,934 shares of the company’s stock worth $113,000 after buying an additional 5,576 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of SuperValu during the first quarter worth approximately $140,000. Parametrica Management Ltd bought a new position in shares of SuperValu during the second quarter worth approximately $149,000. Finally, Quantitative Investment Management LLC boosted its position in shares of SuperValu by 17.7% in the second quarter. Quantitative Investment Management LLC now owns 38,600 shares of the company’s stock worth $182,000 after buying an additional 5,800 shares during the last quarter. 82.19% of the stock is owned by institutional investors.
SuperValu Inc. (NYSE:SVU) traded up 1.927% during mid-day trading on Wednesday, hitting $5.025. The stock had a trading volume of 1,084,966 shares. The firm has a market cap of $1.33 billion, a PE ratio of 8.431 and a beta of 1.92. SuperValu Inc. has a 52 week low of $3.94 and a 52 week high of $7.84. The company’s 50 day moving average price is $5.06 and its 200 day moving average price is $5.02.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.30 billion. SuperValu had a negative return on equity of 43.67% and a net margin of 0.94%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. Analysts anticipate that SuperValu Inc. will post $0.63 earnings per share for the current year.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded SuperValu from a “sell” rating to a “hold” rating in a research report on Monday. Deutsche Bank AG set a $5.00 price target on SuperValu and gave the stock a “hold” rating in a research report on Monday, September 12th. RBC Capital Markets restated a “sector perform” rating and issued a $6.00 price target (down previously from $7.00) on shares of SuperValu in a research report on Friday, September 9th. Royal Bank Of Canada decreased their price target on SuperValu from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Friday, September 9th. Finally, Telsey Advisory Group decreased their price target on SuperValu from $6.50 to $5.50 and set a “market perform” rating on the stock in a research report on Friday, September 9th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.97.
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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