Cooper Creek Partners Management LLC Has $15.85 Million Stake in SuperValu Inc. (SVU)
Cooper Creek Partners Management LLC grew its holdings in SuperValu Inc. (NYSE:SVU) by 60.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,817,245 shares of the company’s stock after buying an additional 1,820,941 shares during the quarter. SuperValu makes up 9.6% of Cooper Creek Partners Management LLC’s portfolio, making the stock its 2nd largest position. Cooper Creek Partners Management LLC’s holdings in SuperValu were worth $15,849,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Amalgamated Bank boosted its holdings in SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after acquiring an additional 246 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings 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 valued at $123,000 after acquiring an additional 1,687 shares during the last quarter. Sigma Planning Corp boosted its holdings in SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the last quarter. Hartford Investment Management Co. bought a new position in SuperValu in the second quarter valued at about $149,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock valued at $155,000 after acquiring an additional 3,790 shares during the last quarter.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut SuperValu from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub cut SuperValu from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. ValuEngine upgraded SuperValu from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Telsey Advisory Group reduced their target price on SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a report on Tuesday, June 27th. Finally, Pivotal Research restated a “buy” rating and set a $38.50 target price on shares of SuperValu in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.67.
Shares of SuperValu Inc. (NYSE SVU) traded up 2.26% during trading on Friday, reaching $21.27. The company’s stock had a trading volume of 348,866 shares. The company’s 50 day moving average price is $21.56 and its 200 day moving average price is $24.59. SuperValu Inc. has a 12 month low of $19.16 and a 12 month high of $38.43. The firm has a market cap of $811.28 million, a PE ratio of 1.31 and a beta of 2.11.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $1.33 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts predict that SuperValu Inc. will post $2.36 earnings per share for the current year.
SuperValu Company Profile
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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