Rhumbline Advisers Has $1.72 Million Holdings in SuperValu Inc. (SVU)

Rhumbline Advisers trimmed its position in shares of SuperValu Inc. (NYSE:SVU) by 85.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,983 shares of the company’s stock after selling 459,772 shares during the quarter. Rhumbline Advisers owned about 0.21% of SuperValu worth $1,718,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of SuperValu during the third quarter valued at about $608,000. Boston Partners purchased a new stake in shares of SuperValu during the third quarter valued at about $7,848,000. State of Tennessee Treasury Department purchased a new position in shares of SuperValu in the 3rd quarter valued at approximately $734,000. Nine Chapters Capital Management LLC raised its position in shares of SuperValu by 75.7% in the 3rd quarter. Nine Chapters Capital Management LLC now owns 18,100 shares of the company’s stock valued at $394,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of SuperValu in the 3rd quarter valued at approximately $252,000. 83.25% of the stock is owned by institutional investors and hedge funds.

Shares of SuperValu Inc. (SVU) traded down $0.35 during trading on Wednesday, hitting $19.53. 750,700 shares of the company traded hands, compared to its average volume of 817,968. The stock has a market cap of $763.56, a price-to-earnings ratio of 8.46 and a beta of 2.29. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 4.76. SuperValu Inc. has a 52-week low of $14.55 and a 52-week high of $35.91.

SuperValu (NYSE:SVU) last issued its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping 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 company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company earned $0.70 EPS. SuperValu’s quarterly revenue was up 35.5% on a year-over-year basis. analysts anticipate that SuperValu Inc. will post 2.26 EPS for the current year.

Several equities analysts recently commented on the stock. 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 company a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley decreased their price objective on shares of SuperValu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of SuperValu in a research report on Thursday, October 19th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of SuperValu in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.50.

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SuperValu 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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