BlackRock Inc. Has $1,750,000 Position in SuperValu Inc. (SVU)
BlackRock Inc. decreased its position in shares of SuperValu Inc. (NYSE:SVU) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,830 shares of the company’s stock after selling 59,520 shares during the period. BlackRock Inc. owned 0.13% of SuperValu worth $1,750,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC raised its position in SuperValu by 1,812.8% in the second quarter. Wedge Capital Management L L P NC now owns 1,023,563 shares of the company’s stock worth $18,844,000 after buying an additional 970,053 shares during the period. BlackRock Advisors LLC raised its position in SuperValu by 5.1% in the third quarter. BlackRock Advisors LLC now owns 4,097,147 shares of the company’s stock worth $20,445,000 after buying an additional 200,166 shares during the period. Bank of New York Mellon Corp raised its position in SuperValu by 6.7% in the third quarter. Bank of New York Mellon Corp now owns 3,012,221 shares of the company’s stock worth $15,030,000 after buying an additional 189,798 shares during the period. Nationwide Fund Advisors raised its position in SuperValu by 0.5% in the second quarter. Nationwide Fund Advisors now owns 948,757 shares of the company’s stock worth $4,478,000 after buying an additional 4,756 shares during the period. Finally, Strs Ohio raised its position in SuperValu by 8.4% in the second quarter. Strs Ohio now owns 195,500 shares of the company’s stock worth $922,000 after buying an additional 15,100 shares during the period. 85.57% of the stock is owned by institutional investors.
SuperValu Inc. (NYSE:SVU) traded up 0.24% during trading on Friday, hitting $4.24. The stock had a trading volume of 5,435,017 shares. The company’s 50 day moving average is $4.78 and its 200 day moving average is $4.87. The firm has a market cap of $1.14 billion, a PE ratio of 11.07 and a beta of 1.96. SuperValu Inc. has a 52-week low of $3.94 and a 52-week high of $6.17.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Wednesday, January 11th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.08. The business earned $3 billion during the quarter. SuperValu had a negative return on equity of 43.47% and a net margin of 0.64%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.16 earnings per share. Equities research analysts forecast that SuperValu Inc. will post $0.49 earnings per share for the current year.
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A number of research analysts recently weighed in on SVU shares. Zacks Investment Research lowered SuperValu from a “hold” rating to a “sell” rating in a research report on Tuesday, December 20th. RBC Capital Markets set a $6.00 target price on SuperValu and gave the company a “hold” rating in a research note on Monday. Finally, Pivotal Research reiterated a “buy” rating and set a $7.00 target price (down from $8.00) on shares of SuperValu in a research note on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. SuperValu has an average rating of “Hold” and a consensus price target of $5.64.
SuperValu Company Profile
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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