Perkins Capital Management Inc buys $1,426,410 stake in SUPERVALU (SVU)

SUPERVALU (SVU) : Perkins Capital Management Inc scooped up 6,000 additional shares in SUPERVALU during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 264,150 shares of SUPERVALU which is valued at $1,426,410.SUPERVALU makes up approximately 1.70% of Perkins Capital Management Inc’s portfolio.

SUPERVALU closed down -0.01 points or -0.18% at $5.4 with 28,33,365 shares getting traded on Friday. Post opening the session at $5.34, the shares hit an intraday low of $5.3 and an intraday high of $5.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , New York State Teachers Retirement System reduced its stake in SVU by selling 6,600 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 436,836 shares of SVU which is valued at $2,358,914. SUPERVALU makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Gemmer Asset Management reduced its stake in SVU by selling 49 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 813 shares of SVU which is valued at $4,488.Wilen Investment Management Corp. boosted its stake in SVU in the latest quarter, The investment management firm added 37,300 additional shares and now holds a total of 240,402 shares of SUPERVALU which is valued at $1,327,019. SUPERVALU makes up approx 0.88% of Wilen Investment Management Corp.’s portfolio. Lenox Wealth Advisors sold out all of its stake in SVU during the most recent quarter. The investment firm sold 158 shares of SVU which is valued $872.Thompson Rubinstein Investment Management Inc Or boosted its stake in SVU in the latest quarter, The investment management firm added 173,915 additional shares and now holds a total of 265,260 shares of SUPERVALU which is valued at $1,379,352. SUPERVALU makes up approx 0.57% of Thompson Rubinstein Investment Management Inc Or’s portfolio.

On the company’s financial health, SUPERVALU reported $0.16 EPS for the quarter, based on the information available during the earnings call on Jan 13, 2016. Analyst had a consensus estimate of $0.16. The company had revenue of $4110.00 million for the quarter, compared to analysts expectations of $4162.67 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

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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