Wedge Capital Management L L P NC cut its holdings in HD Supply Holdings, Inc. (NASDAQ:HDS) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,098 shares of the industrial products company’s stock after selling 1,840 shares during the quarter. Wedge Capital Management L L P NC’s holdings in HD Supply Holdings were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Frontier Capital Management Co. LLC boosted its position in HD Supply Holdings by 20.0% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,263,090 shares of the industrial products company’s stock valued at $81,630,000 after acquiring an additional 377,399 shares in the last quarter. Dupont Capital Management Corp bought a new stake in HD Supply Holdings during the 3rd quarter valued at approximately $7,044,000. Nine Chapters Capital Management LLC bought a new stake in HD Supply Holdings during the 3rd quarter valued at approximately $570,000. Public Employees Retirement Association of Colorado boosted its position in HD Supply Holdings by 2.7% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 1,293,423 shares of the industrial products company’s stock valued at $46,654,000 after acquiring an additional 34,077 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in HD Supply Holdings by 112.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,637 shares of the industrial products company’s stock valued at $1,177,000 after acquiring an additional 17,282 shares in the last quarter.

Several research firms have weighed in on HDS. Zacks Investment Research cut HD Supply Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut HD Supply Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Robert W. Baird reaffirmed a “hold” rating and set a $38.00 price objective on shares of HD Supply Holdings in a research report on Monday, October 9th. Wells Fargo & Company lifted their price objective on HD Supply Holdings from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Finally, ValuEngine raised HD Supply Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.71.

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HD Supply Holdings, Inc. (NASDAQ:HDS) opened at $35.67 on Friday. HD Supply Holdings, Inc. has a 1-year low of $28.97 and a 1-year high of $44.73. The firm has a market cap of $6,683.80, a P/E ratio of 14.10, a P/E/G ratio of 0.81 and a beta of 1.40. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. analysts anticipate that HD Supply Holdings, Inc. will post 2.21 earnings per share for the current year.

HD Supply Holdings declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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