Ownership Action to Note: Supervalu Inc (NYSE:SVU) Institutional Investors Sentiment

December 1, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Action to Note: Supervalu Inc (NYSE:SVU) Institutional Investors Sentiment

Sentiment for Supervalu Inc (NYSE:SVU)

Supervalu Inc (NYSE:SVU) institutional sentiment decreased to 0.98 in 2016 Q2. Its down -0.18, from 1.16 in 2016Q1. The ratio fall, as 119 funds started new or increased positions, while 103 sold and reduced equity positions in Supervalu Inc. The funds in our partner’s database now own: 216.04 million shares, down from 225.19 million shares in 2016Q1. Also, the number of funds holding Supervalu Inc in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 37 Reduced: 66 Increased: 89 New Position: 30.

SUPERVALU INC. is a wholesale distributor to independent retail clients across the United States. The company has a market cap of $1.17 billion. The Firm operates through three divisions: Wholesale, Save-A-Lot and Retail. It has a 7.73 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.

About 4.24M shares traded hands or 12.17% up from the average. SUPERVALU INC. (NYSE:SVU) has declined 17.73% since April 28, 2016 and is downtrending. It has underperformed by 23.66% the S&P500.

Analysts await SUPERVALU INC. (NYSE:SVU) to report earnings on January, 11. They expect $0.15 earnings per share, down 6.25% or $0.01 from last year’s $0.16 per share. SVU’s profit will be $38.91M for 7.52 P/E if the $0.15 EPS becomes a reality. After $0.10 actual earnings per share reported by SUPERVALU INC. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

According to Zacks Investment Research, “SUPERVALU is one of the nation’s largest supermarket retailer and largest food distributor. The company conducts its retail operations under three principal store formats: price uperstores, under such retail banners as Cub Foods, Shop `n Save, Shoppers Food Warehouse, Metro and biggs. Also, the company sells food and non-food products at wholesale throughout the United States to retail food stores, mass merchants and through other logistics arrangements. The company’s plans include growing its retail operations through new store development and acquisitions.”

North Tide Capital Llc holds 12.89% of its portfolio in SUPERVALU INC. for 24.50 million shares. Glenhill Advisors Llc owns 16.68 million shares or 5.69% of their US portfolio. Moreover, Addison Clark Management L.L.C. has 4.25% invested in the company for 571,100 shares. The Minnesota-based Perkins Capital Management Inc has invested 1.41% in the stock. Lonestar Capital Management Llc, a California-based fund reported 1.00 million shares.#img1#

SUPERVALU INC. (NYSE:SVU) Ratings Coverage

Ratings analysis reveals 40% of Supervalu Inc.’s analysts are positive. Out of 5 Wall Street analysts rating Supervalu Inc., 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $1 while the high is $12. The stock’s average target of $7.10 is 57.43% above today’s ($4.51) share price. SVU was included in 15 notes of analysts from July 24, 2015. Telsey Advisory Group downgraded the stock to “Market Perform” rating in Thursday, January 14 report. The firm earned “Outperform” rating on Friday, January 8 by Telsey Advisory Group. Morgan Stanley upgraded SUPERVALU INC. (NYSE:SVU) rating on Wednesday, July 29. Morgan Stanley has “Equal Weight” rating and $9 price target. RBC Capital Markets maintained SUPERVALU INC. (NYSE:SVU) rating on Friday, September 9. RBC Capital Markets has “Sector Perform” rating and $6 price target. The firm earned “Market Perform” rating on Friday, September 9 by Telsey Advisory Group. Pivotal Research maintained the shares of SVU in a report on Thursday, January 14 with “Buy” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, January 11. The stock has “Buy” rating given by Pivotal Research on Friday, July 24. As per Thursday, October 20, the company rating was maintained by Pivotal Research. RBC Capital Markets maintained SUPERVALU INC. (NYSE:SVU) on Tuesday, October 20 with “Sector Perform” rating.

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.

Another recent and important SUPERVALU INC. (NYSE:SVU) news was published by Fool.com which published an article titled: “Why Shares of Supervalu Inc Fell 14% in October” on November 07, 2016.

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By Adrian Mccoy

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