Greenwich Wealth Management LLC Acquires 20,513 Shares of Supervalu Inc. (SVU)

Greenwich Wealth Management LLC raised its holdings in Supervalu Inc. (NYSE:SVU) by 109.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,265 shares of the company’s stock after acquiring an additional 20,513 shares during the period. Greenwich Wealth Management LLC owned approximately 0.10% of Supervalu worth $848,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in Supervalu by 24.9% in the 4th quarter. California Public Employees Retirement System now owns 298,698 shares of the company’s stock valued at $6,452,000 after acquiring an additional 59,595 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Supervalu in the 4th quarter valued at about $277,000. Crossmark Global Holdings Inc. raised its holdings in Supervalu by 53.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,725 shares of the company’s stock valued at $383,000 after acquiring an additional 6,147 shares during the last quarter. Boston Partners grew its stake in shares of Supervalu by 86.2% in the 4th quarter. Boston Partners now owns 671,740 shares of the company’s stock valued at $14,510,000 after buying an additional 310,893 shares during the period. Finally, LSV Asset Management grew its stake in shares of Supervalu by 3.4% in the 4th quarter. LSV Asset Management now owns 1,845,995 shares of the company’s stock valued at $39,873,000 after buying an additional 60,104 shares during the period. Institutional investors own 82.67% of the company’s stock.

Shares of Supervalu Inc. (NYSE SVU) opened at $15.24 on Tuesday. Supervalu Inc. has a one year low of $13.79 and a one year high of $31.29. The company has a quick ratio of 0.47, a current ratio of 1.24 and a debt-to-equity ratio of 4.65. The firm has a market cap of $618.38, a P/E ratio of 6.17 and a beta of 1.49.

Supervalu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.13. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4 billion. Supervalu had a net margin of 4.17% and a return on equity of 26.48%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. sell-side analysts forecast that Supervalu Inc. will post 2.34 earnings per share for the current year.

Several analysts have recently weighed in on the stock. ValuEngine cut shares of Supervalu from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $34.00 price target on shares of Supervalu and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research cut shares of Supervalu from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price target (down previously from $24.00) on shares of Supervalu in a research note on Thursday, January 11th. Finally, Goldman Sachs Group reissued a “sell” rating and issued a $14.00 price target on shares of Supervalu in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Supervalu presently has a consensus rating of “Hold” and an average target price of $24.69.

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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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