Brant Point Investment Management LLC reduced its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 88.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,500 shares of the industrial products company’s stock after selling 177,900 shares during the period. Brant Point Investment Management LLC’s holdings in HD Supply Holdings were worth $689,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC increased its holdings in HD Supply Holdings by 11.7% during the 1st quarter. FMR LLC now owns 25,400,170 shares of the industrial products company’s stock worth $1,044,582,000 after purchasing an additional 2,661,459 shares in the last quarter. Vanguard Group Inc. increased its holdings in HD Supply Holdings by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 15,611,224 shares of the industrial products company’s stock worth $642,012,000 after purchasing an additional 400,921 shares in the last quarter. BlackRock Inc. increased its holdings in HD Supply Holdings by 20.6% during the 2nd quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock worth $302,814,000 after purchasing an additional 1,688,213 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in HD Supply Holdings by 84.7% during the 2nd quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock worth $200,420,000 after purchasing an additional 3,000,390 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in HD Supply Holdings by 1.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 5,031,231 shares of the industrial products company’s stock worth $206,909,000 after purchasing an additional 95,161 shares in the last quarter.

HDS has been the subject of a number of recent research reports. Zacks Investment Research raised HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, August 8th. Morgan Stanley lowered HD Supply Holdings from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $46.00 to $36.00 in a report on Wednesday, June 7th. Drexel Hamilton lowered HD Supply Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $37.00 in a report on Wednesday, June 7th. Deutsche Bank AG lowered HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a report on Friday, June 9th. Finally, ValuEngine lowered HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.14.

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HD Supply Holdings, Inc. (HDS) traded up 2.52% during trading on Friday, reaching $34.99. The company had a trading volume of 455,234 shares. The firm has a market capitalization of $6.53 billion, a PE ratio of 11.05 and a beta of 1.40. The firm’s 50 day moving average price is $31.96 and its 200 day moving average price is $35.88. HD Supply Holdings, Inc. has a 12-month low of $28.97 and a 12-month high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last posted its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that HD Supply Holdings, Inc. will post $2.21 EPS for the current year.

HD Supply Holdings announced that its board has approved a share repurchase program on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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