Nomura Holdings Inc. lowered its position in shares of SuperValu Inc. (NYSE:SVU) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 42,880 shares of the company’s stock after selling 3,493 shares during the period. Nomura Holdings Inc.’s holdings in SuperValu were worth $201,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in SuperValu by 6.1% in the second quarter. Vanguard Group Inc. now owns 26,282,409 shares of the company’s stock worth $124,053,000 after buying an additional 1,507,700 shares during the last quarter. BlackRock Fund Advisors raised its position in SuperValu by 4.0% in the second quarter. BlackRock Fund Advisors now owns 13,270,050 shares of the company’s stock worth $62,635,000 after buying an additional 511,625 shares during the last quarter. State Street Corp raised its position in SuperValu by 2.3% in the first quarter. State Street Corp now owns 9,814,595 shares of the company’s stock worth $56,532,000 after buying an additional 224,193 shares during the last quarter. Dimensional Fund Advisors LP raised its position in SuperValu by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,495,172 shares of the company’s stock worth $21,216,000 after buying an additional 100,266 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in SuperValu by 15.6% in the second quarter. Principal Financial Group Inc. now owns 3,849,044 shares of the company’s stock worth $18,168,000 after buying an additional 519,217 shares during the last quarter. 82.19% of the stock is currently owned by institutional investors.
SuperValu Inc. (NYSE:SVU) opened at 4.99 on Friday. The stock has a market cap of $1.32 billion, a PE ratio of 8.37 and a beta of 1.93. SuperValu Inc. has a 52 week low of $3.94 and a 52 week high of $7.84. The company’s 50-day moving average is $5.08 and its 200 day moving average is $5.04.
SuperValu (NYSE:SVU) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. The firm earned $5.20 billion during the quarter, compared to the consensus estimate of $5.30 billion. SuperValu had a negative return on equity of 43.67% and a net margin of 0.94%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, analysts expect that SuperValu Inc. will post $0.63 earnings per share for the current fiscal year.
SVU has been the subject of a number of research analyst reports. RBC Capital Markets restated a “sector perform” rating and set a $6.00 price objective (down previously from $7.00) on shares of SuperValu in a report on Friday, September 9th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $5.00 price objective on shares of SuperValu in a report on Tuesday, July 26th. Zacks Investment Research downgraded shares of SuperValu from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $7.00 price objective on shares of SuperValu in a report on Thursday, July 28th. Finally, Morgan Stanley restated a “hold” rating and set a $5.50 price objective on shares of SuperValu in a report on Friday, June 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. SuperValu has a consensus rating of “Hold” and a consensus target price of $5.97.
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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