Cannell Peter B Co Inc Lowers stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Cannell Peter B Co Inc reduced its stake in HD Supply Holdings Inc by 25.38% during the most recent quarter end. The investment management company now holds a total of 1,968,615 shares of HD Supply Holdings Inc which is valued at $64.5 Million after selling 669,530 shares in HD Supply Holdings Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.HD Supply Holdings Inc makes up approximately 2.33% of Cannell Peter B Co Inc’s portfolio.

Other Hedge Funds, Including , Palisade Capital Managementnj reduced its stake in HDS by selling 61,911 shares or 18.06% in the most recent quarter. The Hedge Fund company now holds 280,815 shares of HDS which is valued at $9.2 Million. HD Supply Holdings Inc makes up approx 0.36% of Palisade Capital Managementnj’s portfolio.Parkside Financial Bank Trust reduced its stake in HDS by selling 162 shares or 25.51% in the most recent quarter. The Hedge Fund company now holds 473 shares of HDS which is valued at $15,850. HD Supply Holdings Inc makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Clarivest Asset Management boosted its stake in HDS in the latest quarter, The investment management firm added 556,140 additional shares and now holds a total of 560,140 shares of HD Supply Holdings Inc which is valued at $19.2 Million. HD Supply Holdings Inc makes up approx 0.59% of Clarivest Asset Management’s portfolio.Oppenheimer Co Inc reduced its stake in HDS by selling 202 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 22,798 shares of HDS which is valued at $781,515. HD Supply Holdings Inc makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.

HD Supply Holdings Inc opened for trading at $32.9 and hit $33.625 on the upside on Monday, eventually ending the session at $33.33, with a gain of 1.71% or 0.56 points. The heightened volatility saw the trading volume jump to 10,98,922 shares. Company has a market cap of $6,685 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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