Stock Short Interest Filing: Can Supervalu Incorporated (NYSE:SVU)’s Tomorrow Be Different? The Stock Had Decline in Shorts

November 17, 2016 - By Ruchi Gupta   ·   0 Comments

Stock Short Interest Filing: Can Supervalu Incorporated (NYSE:SVU)’s Tomorrow Be Different? The Stock Had Decline in Shorts

The stock of Supervalu Incorporated (NYSE:SVU) registered a decrease of 1.83% in short interest. SVU’s total short interest was 11.36M shares in November as published by FINRA. Its down 1.83% from 11.58M shares, reported previously. With 3.97M shares average volume, it will take short sellers 3 days to cover their SVU’s short positions. The short interest to Supervalu Incorporated’s float is 5.11%. The stock decreased 5.49% or $0.28 during the last trading session, hitting $4.82. SUPERVALU INC. (NYSE:SVU) has declined 12.68% since April 15, 2016 and is downtrending. It has underperformed by 17.31% the S&P500.

SUPERVALU INC. is a wholesale distributor to independent retail clients across the United States. The company has a market cap of $1.25 billion. The Firm operates through three divisions: Wholesale, Save-A-Lot and Retail. It has a 8.27 P/E ratio. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.

Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.27, from 0.89 in 2016Q1. The ratio increased, as 37 funds sold all SUPERVALU INC. shares owned while 66 reduced positions. 30 funds bought stakes while 89 increased positions. They now own 216.04 million shares or 4.06% less from 225.19 million shares in 2016Q1.
Private Wealth Ptnrs Ltd Co, a California-based fund reported 56,000 shares. The Massachusetts-based Martingale Asset Mgmt Ltd Partnership has invested 0.02% in SUPERVALU INC. (NYSE:SVU). Price T Rowe Md, a Maryland-based fund reported 172,093 shares. Teacher Retirement Of Texas has 37,313 shares for 0% of their US portfolio. Toronto Dominion Bancorporation accumulated 0% or 13,000 shares. Chickasaw Cap Management Limited Liability Company has 25,000 shares for 0% of their US portfolio. Systematic Lp accumulated 1.21M shares or 0.08% of the stock. Moreover, Barclays Public Ltd Com has 0% invested in SUPERVALU INC. (NYSE:SVU) for 198,599 shares. The New York-based Secor Cap Advsr Ltd Partnership has invested 0.42% in SUPERVALU INC. (NYSE:SVU). Cubist Systematic Strategies Ltd Liability Corp last reported 125,528 shares in the company. State Of Tennessee Treasury Department owns 20,000 shares or 0% of their US portfolio. Whittier Trust Co accumulated 0% or 10,762 shares. New York State Common Retirement Fund accumulated 0.01% or 938,250 shares. Morgan Stanley has 0% invested in the company for 1.85 million shares. The Massachusetts-based Panagora Asset Management Inc has invested 0.05% in SUPERVALU INC. (NYSE:SVU).

SUPERVALU INC. (NYSE:SVU) Ratings Coverage

Out of 5 analysts covering Supervalu Inc. (NYSE:SVU), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $12 is the highest target while $1 is the lowest. The $7.10 average target is 47.30% above today’s ($4.82) stock price. Supervalu Inc. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Pivotal Research initiated SUPERVALU INC. (NYSE:SVU) on Friday, July 24 with “Buy” rating. Telsey Advisory Group maintained the shares of SVU in a report on Friday, January 8 with “Outperform” rating. The stock of SUPERVALU INC. (NYSE:SVU) earned “Buy” rating by Deutsche Bank on Thursday, January 14. The firm earned “Market Perform” rating on Thursday, January 14 by Telsey Advisory Group. The firm has “Outperform” rating by Telsey Advisory Group given on Thursday, October 22. Telsey Advisory Group upgraded SUPERVALU INC. (NYSE:SVU) rating on Wednesday, July 29. Telsey Advisory Group has “Outperform” rating and $12 price target. The firm has “Market Perform” rating given on Friday, September 9 by Telsey Advisory Group. The rating was upgraded by Morgan Stanley to “Equal Weight” on Wednesday, July 29. RBC Capital Markets maintained SUPERVALU INC. (NYSE:SVU) rating on Monday, January 11. RBC Capital Markets has “Sector Perform” rating and $8 price target. The firm earned “Buy” rating on Thursday, January 14 by Pivotal Research.

SVU Company Profile

SUPERVALU INC., incorporated on December 28, 1925, is a wholesale distributor to independent retail clients across the United States. The Firm leverages its distribution activities by providing wholesale distribution and logistics service solutions to independent retail clients and Save-A-Lot licensee customers, as well as wholesale distribution to the Company’s Retail and Save-A-Lot corporate stores. The Firm operates through three divisions: Wholesale, Save-A-Lot and Retail.

More news for SUPERVALU INC. (NYSE:SVU) were recently published by: Fool.com, which released: “Why Shares of Supervalu Inc Fell 14% in October” on November 07, 2016. Businesswire.com‘s article titled: “SUPERVALU Named Grocery Wholesaler by America’s Food Basket” and published on November 09, 2016 is yet another important article.

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By Ruchi Gupta


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