Wilen Investment Management Corp. buys $1,511,843 stake in SUPERVALU (SVU)

SUPERVALU (SVU) : Wilen Investment Management Corp. scooped up 72,609 additional shares in SUPERVALU during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 313,011 shares of SUPERVALU which is valued at $1,511,843.SUPERVALU makes up approximately 0.94% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in SVU by selling 1,100 shares or 48.33% in the most recent quarter. The Hedge Fund company now holds 1,176 shares of SVU which is valued at $5,433.New York State Teachers Retirement System boosted its stake in SVU in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 441,036 shares of SUPERVALU which is valued at $2,302,208. SUPERVALU makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.

SUPERVALU closed down -0.08 points or -1.65% at $4.77 with 13,57,234 shares getting traded on Monday. Post opening the session at $4.84, the shares hit an intraday low of $4.75 and an intraday high of $4.889 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, SUPERVALU reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.22. The company had revenue of $5196.00 million for the quarter, compared to analysts expectations of $5301.99 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on SUPERVALU. Shares were Reiterated by Telsey Advisory Group on Jul 28, 2016 to “Market Perform” and Lowered the Price Target to $ 5 from a previous price target of $6 .

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company to which it provides wholesale distribution and Retail Food which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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