Graham Capital Management L.P. Has $1.10 Million Stake in SuperValu Inc. (SVU)
Graham Capital Management L.P. lifted its holdings in shares of SuperValu Inc. (NYSE:SVU) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 334,700 shares of the company’s stock after buying an additional 23,400 shares during the period. Graham Capital Management L.P. owned approximately 0.88% of SuperValu worth $1,101,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank boosted its position in shares of SuperValu by 0.7% during the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after buying an additional 246 shares during the period. Public Employees Retirement System of Ohio lifted its position 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 worth $123,000 after purchasing an additional 1,687 shares during the period. Sigma Planning Corp lifted its position in SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the period. Hartford Investment Management Co. acquired a new stake in SuperValu in the second quarter worth approximately $149,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock worth $155,000 after purchasing an additional 3,790 shares during the period.
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SuperValu Inc. (NYSE:SVU) traded up 0.23% during midday trading on Friday, reaching $22.22. The company’s stock had a trading volume of 76,880 shares. The firm has a 50-day moving average price of $21.56 and a 200 day moving average price of $24.59. SuperValu Inc. has a 52-week low of $19.16 and a 52-week high of $38.43. The stock has a market capitalization of $847.52 million, a price-to-earnings ratio of 1.37 and a beta of 2.11.
SuperValu (NYSE:SVU) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 EPS. Equities research analysts predict that SuperValu Inc. will post $2.36 EPS for the current fiscal year.
A number of research firms have weighed in on SVU. Zacks Investment Research downgraded SuperValu from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Morgan Stanley restated an “equal weight” rating and issued a $24.50 target price (down from $31.50) on shares of SuperValu in a research report on Monday, June 19th. BidaskClub downgraded SuperValu from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Pivotal Research restated a “buy” rating and issued a $38.50 target price on shares of SuperValu in a research report on Wednesday, July 26th. Finally, ValuEngine downgraded SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.67.
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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