UBS Asset Management Americas Inc. Acquires 48,600 Shares of SuperValu Inc. (SVU)
UBS Asset Management Americas Inc. raised its position in shares of SuperValu Inc. (NYSE:SVU) by 11.0% during the second quarter, Holdings Channel reports. The firm owned 488,945 shares of the company’s stock after buying an additional 48,600 shares during the period. UBS Asset Management Americas Inc. owned 0.18% of SuperValu worth $2,308,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of SVU. Nationwide Fund Advisors boosted its stake in shares of SuperValu by 0.5% in the second quarter. Nationwide Fund Advisors now owns 948,757 shares of the company’s stock worth $4,478,000 after buying an additional 4,756 shares during the period. Alambic Investment Management L.P. boosted its stake in shares of SuperValu by 48.5% in the second quarter. Alambic Investment Management L.P. now owns 417,900 shares of the company’s stock worth $1,972,000 after buying an additional 136,500 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of SuperValu by 49.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 118,654 shares of the company’s stock worth $560,000 after buying an additional 39,490 shares during the period. First Trust Advisors LP acquired a new stake in shares of SuperValu during the second quarter worth approximately $553,000. Finally, GSA Capital Partners LLP boosted its stake in shares of SuperValu by 265.0% in the second quarter. GSA Capital Partners LLP now owns 403,443 shares of the company’s stock worth $1,904,000 after buying an additional 292,900 shares during the period. Institutional investors and hedge funds own 82.19% of the company’s stock.
SuperValu Inc. (NYSE:SVU) traded up 0.20% during midday trading on Friday, reaching $4.99. 1,787,808 shares of the company traded hands. The firm has a market capitalization of $1.32 billion, a PE ratio of 8.37 and a beta of 1.92. The company’s 50-day moving average price is $5.03 and its 200 day moving average price is $5.01. SuperValu Inc. has a 12 month low of $3.94 and a 12 month high of $7.84.
SuperValu (NYSE:SVU) last issued its earnings results on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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%. SuperValu’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts anticipate that SuperValu Inc. will post $0.63 earnings per share for the current year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of SuperValu from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Deutsche Bank AG set a $5.00 price objective on shares of 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 set a $6.00 price objective (down from $7.00) on shares of SuperValu in a research report on Friday, September 9th. Royal Bank Of Canada cut their price objective on shares of SuperValu from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Friday, September 9th. Finally, Telsey Advisory Group cut their price objective on shares of SuperValu from $6.50 to $5.50 and set a “market perform” rating for the company in a research report on Friday, September 9th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.97.
SuperValu Company Profile
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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