New York State Teachers Retirement System Trims Stake in SuperValu Inc. (SVU)
New York State Teachers Retirement System decreased its holdings in shares of SuperValu Inc. (NYSE:SVU) by 85.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,109 shares of the company’s stock after selling 468,660 shares during the period. New York State Teachers Retirement System owned approximately 0.20% of SuperValu worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in shares of SuperValu during the 3rd quarter valued at about $252,000. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 buying an additional 1,687 shares during the period. Amalgamated Bank boosted its holdings in shares of SuperValu by 0.7% in 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. Sigma Planning Corp boosted its holdings in shares of 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 buying an additional 1,000 shares during the period. Finally, Hartford Investment Management Co. acquired a new position in shares of SuperValu in the second quarter worth about $149,000.
SuperValu Inc. (NYSE SVU) opened at $15.55 on Monday. The firm has a market cap of $597.25, a P/E ratio of 6.62 and a beta of 2.30. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. SuperValu Inc. has a 52-week low of $14.55 and a 52-week high of $36.68.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.11. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. equities analysts expect that SuperValu Inc. will post 2.26 EPS for the current year.
Several brokerages have commented on SVU. Pivotal Research reiterated a “buy” rating and issued a $38.50 target price on shares of SuperValu in a report on Wednesday, July 26th. Northcoast Research reiterated a “neutral” rating on shares of SuperValu in a report on Thursday, October 19th. ValuEngine upgraded shares of SuperValu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. TheStreet cut shares of SuperValu from a “c” rating to a “d+” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut shares of SuperValu from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. SuperValu has an average rating of “Hold” and an average target price of $28.29.
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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