Fuller & Thaler Asset Management Inc. boosted its position in shares of SuperValu Inc. (NYSE:SVU) by 141.5% during the third quarter, Holdings Channel reports. The institutional investor owned 25,600 shares of the company’s stock after buying an additional 15,000 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in SuperValu were worth $128,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in SVU. Amalgamated Bank increased 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 worth $162,000 after buying an additional 3,713 shares in the last quarter. American Century Companies Inc. increased its position in SuperValu by 1.3% in the second quarter. American Century Companies Inc. now owns 462,721 shares of the company’s stock worth $2,184,000 after buying an additional 5,848 shares during the period. Legal & General Group Plc increased its position in SuperValu by 30.5% in the second quarter. Legal & General Group Plc now owns 829,828 shares of the company’s stock worth $3,898,000 after buying an additional 194,188 shares during the period. Metropolitan Life Insurance Co. NY increased its position in SuperValu by 2.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 426,146 shares of the company’s stock worth $2,011,000 after buying an additional 11,700 shares during the period. Finally, Numeric Investors LLC bought a new position in SuperValu during the second quarter worth approximately $1,100,000. 85.16% of the stock is currently owned by institutional investors.
Shares of SuperValu Inc. (NYSE:SVU) traded up 1.02% during mid-day trading on Friday, hitting $3.96. 3,560,475 shares of the stock traded hands. SuperValu Inc. has a 12-month low of $3.64 and a 12-month high of $6.17. The firm’s 50 day moving average price is $4.27 and its 200-day moving average price is $4.72. The stock has a market cap of $1.06 billion, a P/E ratio of 10.34 and a beta of 2.07.
SuperValu (NYSE:SVU) last posted its earnings results on Wednesday, January 11th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.08. SuperValu had a negative return on equity of 43.47% and a net margin of 0.64%. The firm had revenue of $3 billion for the quarter. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict that SuperValu Inc. will post $0.43 earnings per share for the current year.
SVU has been the topic of a number of recent analyst reports. Pivotal Research reaffirmed a “buy” rating and issued a $5.50 target price on shares of SuperValu in a research report on Monday, January 16th. Zacks Investment Research downgraded shares of SuperValu from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. Finally, RBC Capital Markets set a $6.00 target price on shares of SuperValu and gave the company a “hold” rating in a research report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.41.
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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