LSV Asset Management Cuts Stake in SuperValu Inc. (SVU)
LSV Asset Management cut its position in SuperValu Inc. (NYSE:SVU) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,456,092 shares of the company’s stock after selling 26,182 shares during the period. LSV Asset Management owned about 0.05% of SuperValu worth $67,145,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Wedge Capital Management L L P NC raised its stake in shares of SuperValu by 1,812.8% in the second quarter. Wedge Capital Management L L P NC now owns 1,023,563 shares of the company’s stock worth $18,844,000 after buying an additional 970,053 shares in the last quarter. Nationwide Fund Advisors raised 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 in the last quarter. Squarepoint Ops LLC raised its stake in shares of SuperValu by 121.1% in the first quarter. Squarepoint Ops LLC now owns 97,917 shares of the company’s stock worth $564,000 after buying an additional 53,632 shares in the last quarter. Strs Ohio raised its stake in shares of SuperValu by 8.4% in the second quarter. Strs Ohio now owns 195,500 shares of the company’s stock worth $922,000 after buying an additional 15,100 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of SuperValu during the second quarter worth approximately $553,000. 85.62% of the stock is currently owned by institutional investors and hedge funds.
SuperValu Inc. (NYSE:SVU) opened at 4.74 on Wednesday. The firm has a 50 day moving average of $4.64 and a 200 day moving average of $4.84. SuperValu Inc. has a 12-month low of $3.94 and a 12-month high of $7.17. The firm has a market capitalization of $1.26 billion, a P/E ratio of 7.82 and a beta of 1.96.
SuperValu (NYSE:SVU) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. SuperValu had a net margin of 0.95% and a negative return on equity of 46.28%. The business earned $3.87 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm posted $0.13 EPS. SuperValu’s revenue was down 4.8% compared to the same quarter last year. On average, analysts forecast that SuperValu Inc. will post $0.63 EPS for the current fiscal year.
SVU has been the topic of a number of research reports. Zacks Investment Research raised shares of SuperValu from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Pivotal Research reaffirmed a “buy” rating and set a $7.00 price target (down from $8.00) on shares of SuperValu in a research report on Tuesday, October 18th. Telsey Advisory Group dropped their price target on shares of SuperValu from $6.50 to $5.50 and set a “market perform” rating on the stock in a research report on Friday, September 9th. Deutsche Bank AG set a $5.00 price target on shares of SuperValu and gave the stock a “hold” rating in a research report on Monday, September 12th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $6.00 price target (down from $7.00) on shares of SuperValu in a research report on Friday, September 9th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.64.
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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