HD Supply Holdings, Inc. (HDS) Shares Sold by Verition Fund Management LLC
Verition Fund Management LLC decreased its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 40.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,290 shares of the industrial products company’s stock after selling 16,112 shares during the quarter. Verition Fund Management LLC’s holdings in HD Supply Holdings were worth $713,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in HDS. Creative Planning lifted its holdings in shares of HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of HD Supply Holdings during the second quarter valued at $129,000. Tower Research Capital LLC TRC lifted its holdings in shares of HD Supply Holdings by 648.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 3,221 shares during the last quarter. Barrett Asset Management LLC purchased a new stake in shares of HD Supply Holdings during the second quarter valued at $161,000. Finally, Pinebridge Investments L.P. lifted its holdings in shares of HD Supply Holdings by 170.0% during the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
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Shares of HD Supply Holdings, Inc. (HDS) traded up 0.28% during midday trading on Tuesday, reaching $35.58. The company had a trading volume of 428,363 shares. The company’s 50-day moving average is $34.50 and its 200-day moving average is $35.15. The firm has a market cap of $6.64 billion, a P/E ratio of 11.24 and a beta of 1.41. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week 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 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Equities research analysts expect that HD Supply Holdings, Inc. will post $2.21 EPS for the current fiscal year.
HD Supply Holdings announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 29th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
HDS has been the subject of several analyst reports. Zacks Investment Research raised HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, October 9th. Credit Suisse Group downgraded HD Supply Holdings from an “outperform” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Friday, September 8th. Longbow Research downgraded HD Supply Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 target price (up from $36.00) on shares of HD Supply Holdings in a report on Friday, September 1st. Finally, Wells Fargo & Company upped their target price on HD Supply Holdings from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 6th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. HD Supply Holdings has an average rating of “Hold” and a consensus price target of $38.71.
About HD Supply Holdings
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.
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