Teacher Retirement System of Texas increased its stake in Rite Aid Corp. (NYSE:RAD) by 31.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 74,902 shares of the company’s stock after buying an additional 17,915 shares during the period. Teacher Retirement System of Texas’ holdings in Rite Aid Corp. were worth $561,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Welch Capital Partners LLC NY bought a new stake in Rite Aid Corp. during the second quarter valued at about $5,555,000. Mark Sheptoff Financial Planning LLC boosted its stake in Rite Aid Corp. by 5.2% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 311,455 shares of the company’s stock valued at $2,333,000 after buying an additional 15,500 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Rite Aid Corp. by 3.6% in the second quarter. UBS Asset Management Americas Inc. now owns 2,421,148 shares of the company’s stock valued at $18,134,000 after buying an additional 84,078 shares in the last quarter. Geneva Advisors LLC bought a new stake in Rite Aid Corp. during the second quarter valued at about $128,000. Finally, Ameriprise Financial Inc. boosted its stake in Rite Aid Corp. by 1,391.9% in the second quarter. Ameriprise Financial Inc. now owns 2,462,799 shares of the company’s stock valued at $18,445,000 after buying an additional 2,297,720 shares in the last quarter. 63.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rite Aid Corp. (NYSE:RAD) traded down 0.65% during trading on Monday, hitting $7.64. The stock had a trading volume of 3,121,206 shares. Rite Aid Corp. has a 1-year low of $5.98 and a 1-year high of $8.74. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 59.22 and a beta of 1.77. The firm has a 50 day moving average of $7.79 and a 200 day moving average of $7.70.
Rite Aid Corp. (NYSE:RAD) last issued its earnings results on Thursday, September 22nd. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.03. Rite Aid Corp. had a return on equity of 32.41% and a net margin of 0.41%. The firm had revenue of $8 million for the quarter. During the same quarter last year, the business posted $0.02 EPS. Rite Aid Corp.’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Rite Aid Corp. will post $0.14 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Vetr raised shares of Rite Aid Corp. from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Rite Aid Corp. from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Rite Aid Corp. in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rite Aid Corp. presently has a consensus rating of “Hold” and an average 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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