Comerica Bank raised its position in Supervalu Inc. (NYSE:SVU) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,251 shares of the company’s stock after buying an additional 14,701 shares during the period. Comerica Bank’s holdings in Supervalu were worth $1,023,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of SVU. BlackRock Fund Advisors raised its position in shares of Supervalu by 40.8% in the third quarter. BlackRock Fund Advisors now owns 18,688,377 shares of the company’s stock worth $93,255,000 after buying an additional 5,418,327 shares during the period. Clearline Capital LP acquired a new position in shares of Supervalu during the third quarter worth approximately $25,184,000. UBS Oconnor LLC acquired a new position in shares of Supervalu during the third quarter worth approximately $14,774,000. Gotham Asset Management LLC acquired a new position in shares of Supervalu during the third quarter worth approximately $6,357,000. Finally, Principal Financial Group Inc. raised its position in shares of Supervalu by 31.3% in the third quarter. Principal Financial Group Inc. now owns 5,054,085 shares of the company’s stock worth $25,221,000 after buying an additional 1,205,041 shares during the period. Institutional investors own 85.27% of the company’s stock.
Shares of Supervalu Inc. (NYSE:SVU) opened at 3.74 on Monday. Supervalu Inc. has a 52-week low of $3.20 and a 52-week high of $5.90. The company has a market capitalization of $1.00 billion, a PE ratio of 9.77 and a beta of 2.07. The stock’s 50 day moving average price is $3.67 and its 200-day moving average price is $4.41.
Supervalu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, January 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.08. The firm had revenue of $3 billion for the quarter. Supervalu had a negative return on equity of 43.47% and a net margin of 0.64%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, analysts expect that Supervalu Inc. will post $0.43 earnings per share for the current year.
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SVU has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Supervalu from a “sell” rating to a “hold” rating in a report on Tuesday, December 27th. Pivotal Research reiterated a “buy” rating and set a $5.50 price target on shares of Supervalu in a report on Monday, January 16th. Finally, Royal Bank of Canada set a $6.00 price target on Supervalu and gave the stock a “hold” rating in a report on Monday, January 9th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Supervalu currently has a consensus rating of “Hold” and a consensus target price of $5.32.
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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