SignalPoint Asset Management LLC boosted its position in HD Supply Holdings Inc. (NASDAQ:HDS) by 6.7% during the second quarter, Holdings Channel reports. The institutional investor owned 18,794 shares of the company’s stock after buying an additional 1,173 shares during the period. SignalPoint Asset Management LLC’s holdings in HD Supply Holdings were worth $654,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in HD Supply Holdings during the second quarter worth about $107,000. Shell Asset Management Co. purchased a new position in HD Supply Holdings during the second quarter worth about $132,000. Hexavest Inc. increased its position in HD Supply Holdings by 11.5% in the second quarter. Hexavest Inc. now owns 6,869 shares of the company’s stock worth $239,000 after buying an additional 711 shares in the last quarter. CrestPoint Capital Management LLC increased its position in HD Supply Holdings by 42.6% in the second quarter. CrestPoint Capital Management LLC now owns 8,700 shares of the company’s stock worth $303,000 after buying an additional 2,600 shares in the last quarter. Finally, Baker Avenue Asset Management LP purchased a new position in HD Supply Holdings during the first quarter worth about $370,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HD Supply Holdings Inc. (NASDAQ:HDS) traded down 1.09% during midday trading on Tuesday, hitting $31.62. The stock had a trading volume of 1,563,112 shares. The stock’s 50 day moving average price is $33.61 and its 200 day moving average price is $34.20. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 5.28 and a beta of 1.34. HD Supply Holdings Inc. has a 12 month low of $21.26 and a 12 month high of $36.99.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.03. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. HD Supply Holdings’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that HD Supply Holdings Inc. will post $2.55 EPS for the current fiscal year.
A number of research firms have issued reports on HDS. Zacks Investment Research downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. RBC Capital Markets downgraded shares of HD Supply Holdings from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $43.00 to $35.00 in a report on Tuesday, September 20th. Royal Bank Of Canada cut their price objective on shares of HD Supply Holdings from $49.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Macquarie started coverage on shares of HD Supply Holdings in a report on Thursday, August 25th. They set an “outperform” rating and a $42.00 price objective on the stock. Finally, TheStreet raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. HD Supply Holdings has a consensus rating of “Buy” and a consensus price target of $37.60.
In related news, Chairman Joseph J. Deangelo purchased 32,100 shares of HD Supply Holdings stock in a transaction dated Thursday, September 22nd. The stock was purchased at an average cost of $31.07 per share, for a total transaction of $997,347.00. Following the completion of the acquisition, the chairman now directly owns 242,782 shares of the company’s stock, valued at $7,543,236.74. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.98% of the company’s stock.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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