Brant Point Investment Management buys $17.8 Million stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Brant Point Investment Management scooped up 183,700 additional shares in HD Supply Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 542,100 shares of HD Supply Holdings Inc which is valued at $17.8 Million.HD Supply Holdings Inc makes up approximately 3.66% of Brant Point Investment Management’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in HDS by selling 28,117 shares or 86.58% in the most recent quarter. The Hedge Fund company now holds 4,360 shares of HDS which is valued at $142,877. HD Supply Holdings Inc makes up approx 0.01% of Meeder Asset Management Inc’s portfolio. Boston Common Asset Management sold out all of its stake in HDS during the most recent quarter. The investment firm sold 25,020 shares of HDS which is valued $819,905.Impax Asset Management Ltd reduced its stake in HDS by selling 13,000 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 1,377,500 shares of HDS which is valued at $45.1 Million. HD Supply Holdings Inc makes up approx 2.42% of Impax Asset Management Ltd’s portfolio.Montag A Associates Inc reduced its stake in HDS by selling 65,275 shares or 23.59% in the most recent quarter. The Hedge Fund company now holds 211,450 shares of HDS which is valued at $7.1 Million. HD Supply Holdings Inc makes up approx 0.99% of Montag A Associates Inc’s portfolio.

HD Supply Holdings Inc opened for trading at $34.44 and hit $34.58 on the upside on Wednesday, eventually ending the session at $34.41, with a gain of 0.23% or 0.08 points. The heightened volatility saw the trading volume jump to 12,50,403 shares. Company has a market cap of $6,902 M.

On the company’s financial health, HD Supply Holdings Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 15, 2016. Analyst had a consensus of $0.24. The company had revenue of $1648.00 million for the quarter, compared to analysts expectations of $1634.06 million. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. HD Supply Holdings Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

HD Supply Holdings Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance Waterworks Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance repair and operations (MRO) products provides value-add services and fabricates custom products. Waterworks distributes water and wastewater transmission products serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Power Solutions distributes electrical transmission and distribution products power plant MRO supplies and smart-grid products and arranges materials management and procurement outsourcing for the power generation and distribution industries. Construction & Industrial-White Cap distributes specialized hardware tools engineered materials and safety products to non-residential and residential contractors.

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