Hussman Strategic Advisors Inc. lowered its holdings in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 83.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 126,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in United Natural Foods were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UNFI. Sei Investments Co. raised its holdings in shares of United Natural Foods by 47.2% during the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares in the last quarter. LS Investment Advisors LLC raised its holdings in United Natural Foods by 20.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after acquiring an additional 711 shares during the period. Riverhead Capital Management LLC raised its holdings in United Natural Foods by 80.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after acquiring an additional 2,095 shares during the period. Flinton Capital Management LLC raised its holdings in United Natural Foods by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock worth $189,000 after acquiring an additional 2,240 shares during the period. Finally, Parametrica Management Ltd bought a new position in United Natural Foods in the 2nd quarter worth $201,000.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year.

United Natural Foods announced that its board has authorized a share repurchase plan on Friday, October 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Several research analysts recently commented on UNFI shares. TheStreet upgraded shares of United Natural Foods from a “c” rating to a “b-” rating in a report on Thursday, October 5th. Loop Capital reiterated a “buy” rating and issued a $50.00 target price (up previously from $44.00) on shares of United Natural Foods in a report on Thursday, September 14th. Buckingham Research dropped their target price on shares of United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, September 14th. Argus upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, October 10th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.33.

In other news, CFO Michael Paul Zechmeister sold 11,500 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $44.06, for a total value of $506,690.00. Following the sale, the chief financial officer now directly owns 1,997 shares in the company, valued at approximately $87,987.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Sean Griffin sold 8,095 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $350,108.75. Following the completion of the sale, the chief operating officer now owns 6,521 shares in the company, valued at $282,033.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,498 shares of company stock worth $2,659,539. 1.30% of the stock is currently owned by corporate insiders.

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United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

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