LS Investment Advisors LLC boosted its stake in Rite Aid Corp. (NYSE:RAD) by 28.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,450 shares of the company’s stock after buying an additional 4,046 shares during the period. LS Investment Advisors LLC’s holdings in Rite Aid Corp. were worth $138,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of RAD. Nomura Asset Management Co. Ltd. raised its stake in Rite Aid Corp. by 4.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 130,700 shares of the company’s stock valued at $1,024,000 after buying an additional 5,000 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Rite Aid Corp. by 19.1% in the first quarter. Glenmede Trust Co. NA now owns 71,997 shares of the company’s stock worth $586,000 after buying an additional 11,564 shares during the last quarter. Aperio Group LLC raised its stake in shares of Rite Aid Corp. by 9.2% in the first quarter. Aperio Group LLC now owns 192,823 shares of the company’s stock worth $1,572,000 after buying an additional 16,266 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Rite Aid Corp. by 38.3% in the first quarter. Ngam Advisors L.P. now owns 694,778 shares of the company’s stock worth $5,662,000 after buying an additional 192,348 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Rite Aid Corp. by 6.3% in the first quarter. TIAA CREF Investment Management LLC now owns 3,976,691 shares of the company’s stock worth $32,410,000 after buying an additional 235,365 shares during the last quarter. Institutional investors own 63.13% of the company’s stock.
Shares of Rite Aid Corp. (NYSE:RAD) traded up 1.59% on Friday, hitting $7.69. 13,135,117 shares of the stock were exchanged. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 59.61 and a beta of 1.78. The stock’s 50-day moving average is $7.79 and its 200-day moving average is $7.70. Rite Aid Corp. has a 1-year low of $5.98 and a 1-year high of $8.74.
Rite Aid Corp. (NYSE:RAD) last posted its quarterly earnings data on Thursday, September 22nd. The company reported $0.03 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.03. Rite Aid Corp. had a net margin of 0.41% and a return on equity of 32.41%. The company had revenue of $8 million for the quarter. During the same period in the prior year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts forecast that Rite Aid Corp. will post $0.14 earnings per share for the current year.
RAD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “hold” rating on shares of Rite Aid Corp. in a report on Friday, June 17th. Zacks Investment Research upgraded shares of Rite Aid Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Finally, Vetr upgraded shares of Rite Aid Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.11.
Rite Aid Corp. Company Profile
Rite Aid Corporation is a retail drugstore chain. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company’s Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.
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