Private Management Group Inc. Has $150,000 Position in SuperValu Inc. (SVU)

Private Management Group Inc. continued to hold its stake in shares of SuperValu Inc. (NYSE:SVU) during the third quarter, Holdings Channel reports. The fund owned 30,000 shares of the company’s stock at the end of the third quarter. Private Management Group Inc.’s holdings in SuperValu were worth $150,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Amalgamated Bank raised its stake in shares of SuperValu by 12.7% in the second quarter. Amalgamated Bank now owns 33,010 shares of the company’s stock valued at $162,000 after buying an additional 3,713 shares during the last quarter. American Century Companies Inc. raised its stake in shares of SuperValu by 1.3% in the second quarter. American Century Companies Inc. now owns 462,721 shares of the company’s stock valued at $2,184,000 after buying an additional 5,848 shares during the last quarter. Legal & General Group Plc raised its stake in shares of SuperValu by 30.5% in the second quarter. Legal & General Group Plc now owns 829,828 shares of the company’s stock valued at $3,898,000 after buying an additional 194,188 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of SuperValu by 2.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 426,146 shares of the company’s stock valued at $2,011,000 after buying an additional 11,700 shares during the last quarter. Finally, Numeric Investors LLC purchased a new stake in shares of SuperValu during the second quarter valued at about $1,100,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.

Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

SuperValu Inc. (NYSE:SVU) opened at 3.96 on Friday. SuperValu Inc. has a 12-month low of $3.64 and a 12-month high of $6.17. The stock has a market capitalization of $1.06 billion, a PE ratio of 10.34 and a beta of 2.07. The stock has a 50 day moving average price of $4.27 and a 200-day moving average price of $4.72.

SuperValu (NYSE:SVU) last released its quarterly earnings results 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 earned $3 billion during the quarter. SuperValu had a negative return on equity of 43.47% and a net margin of 0.64%. SuperValu’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, equities analysts anticipate that SuperValu Inc. will post $0.43 earnings per share for the current fiscal year.

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SVU has been the topic of a number of analyst reports. Pivotal Research reiterated a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of SuperValu in a research note on Tuesday, October 18th. Zacks Investment Research lowered SuperValu from a “hold” rating to a “sell” rating in a research note on Tuesday, December 20th. Finally, RBC Capital Markets set a $6.00 price objective on SuperValu and gave the company a “hold” rating in a research note on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. SuperValu has a consensus rating of “Hold” and an average price target of $5.41.

About SuperValu

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.

5 Day Chart for NYSE:SVU

Want to see what other hedge funds are holding SVU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SuperValu Inc. (NYSE:SVU).

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