California State Teachers Retirement System Decreases Stake in SuperValu Inc. (SVU)

California State Teachers Retirement System reduced its holdings in shares of SuperValu Inc. (NYSE:SVU) by 9.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 475,712 shares of the company’s stock after selling 48,100 shares during the quarter. California State Teachers Retirement System owned approximately 1.25% of SuperValu worth $1,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in shares of SuperValu by 5.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after acquiring an additional 1,687 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of SuperValu by 0.7% in the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after buying an additional 246 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of SuperValu by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in shares of SuperValu in the 2nd quarter valued at approximately $149,000. Finally, Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of SuperValu in the 2nd quarter valued at approximately $216,000.

SVU has been the subject of several recent analyst reports. ValuEngine raised SuperValu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Pivotal Research set a $39.00 price objective on SuperValu and gave the company a “buy” rating in a report on Tuesday, October 17th. Royal Bank Of Canada set a $42.00 price objective on SuperValu and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research raised SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, July 31st. Finally, TheStreet downgraded SuperValu from a “c” rating to a “d+” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. SuperValu currently has a consensus rating of “Hold” and a consensus target price of $26.50.

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Shares of SuperValu Inc. (NYSE SVU) opened at $16.32 on Friday. SuperValu Inc. has a twelve month low of $14.55 and a twelve month high of $35.91. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. The firm has a market capitalization of $626.82, a price-to-earnings ratio of 6.95 and a beta of 2.30.

SuperValu (NYSE:SVU) last posted its earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The company’s revenue was up 35.5% on a year-over-year basis. research analysts forecast that SuperValu Inc. will post 2.26 EPS for the current fiscal year.

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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