United Capital Financial Advisers LLC increased its stake in shares of SuperValu Inc. (NYSE:SVU) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 889,651 shares of the company’s stock after buying an additional 111,928 shares during the period. United Capital Financial Advisers LLC’s holdings in SuperValu were worth $3,434,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. raised its position in SuperValu by 11,576.6% in the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after buying an additional 40,904,886 shares during the period. Norges Bank bought a new position in SuperValu during the fourth quarter valued at about $14,230,000. Allianz Asset Management AG acquired a new stake in shares of SuperValu during the fourth quarter worth $11,208,000. Westpac Banking Corp acquired a new stake in shares of SuperValu during the first quarter worth $5,238,000. Finally, OppenheimerFunds Inc. raised its stake in shares of SuperValu by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 2,886,730 shares of the company’s stock worth $11,143,000 after buying an additional 707,303 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.
SuperValu Inc. (SVU) traded down 0.98% during midday trading on Wednesday, hitting $4.06. The company had a trading volume of 1,564,959 shares. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 1.66 and a beta of 2.05. SuperValu Inc. has a 12 month low of $3.20 and a 12 month high of $5.74. The firm has a 50-day moving average price of $4.00 and a 200-day moving average price of $4.09.
SuperValu (NYSE:SVU) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.90 billion. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities analysts anticipate that SuperValu Inc. will post $0.36 EPS for the current year.
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A number of brokerages have recently weighed in on SVU. ValuEngine lowered SuperValu from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and set a $6.00 price target on shares of SuperValu in a research note on Tuesday, May 30th. Guggenheim restated a “neutral” rating on shares of SuperValu in a research note on Wednesday, April 19th. Finally, Zacks Investment Research upgraded SuperValu from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.32.
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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