Nationwide Fund Advisors Cuts Holdings in SuperValu Inc. (SVU)

Nationwide Fund Advisors lowered its stake in SuperValu Inc. (NYSE:SVU) by 86.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,190 shares of the company’s stock after selling 357,935 shares during the quarter. Nationwide Fund Advisors owned about 0.15% of SuperValu worth $1,266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank lifted its stake in SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after buying an additional 246 shares in the last quarter. Northwestern Mutual Investment Management Company LLC bought a new position in SuperValu in the second quarter valued at approximately $216,000. Municipal Employees Retirement System of Michigan lifted its stake in SuperValu by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 63,190 shares of the company’s stock valued at $208,000 after buying an additional 2,150 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of SuperValu by 20.8% in the second quarter. Pacer Advisors Inc. now owns 67,109 shares of the company’s stock worth $221,000 after purchasing an additional 11,574 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of SuperValu by 10.2% in the second quarter. Aperio Group LLC now owns 85,546 shares of the company’s stock worth $281,000 after purchasing an additional 7,920 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on SVU shares. ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Pivotal Research set a $39.00 price objective on shares of SuperValu and gave the stock a “buy” rating in a research report on Tuesday, October 31st. TheStreet lowered shares of SuperValu from a “c” rating to a “d+” rating in a research report on Wednesday, October 18th. Morgan Stanley cut their price objective on shares of SuperValu from $22.50 to $20.50 and set an “equal weight” rating on the stock in a research report on Thursday, October 19th. Finally, Wells Fargo & Co started coverage on shares of SuperValu in a research report on Friday, November 3rd. They issued a “market perform” rating and a $16.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.50.

Shares of SuperValu Inc. (SVU) opened at $21.78 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. SuperValu Inc. has a 1 year low of $14.55 and a 1 year high of $34.79. The stock has a market cap of $836.53, a price-to-earnings ratio of -38.89 and a beta of 2.29.

SuperValu (NYSE:SVU) last released its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 35.5% on a year-over-year basis. equities analysts anticipate that SuperValu Inc. will post 2.26 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

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