Three Corner Global Investors Lp adds HD Supply Holdings Inc (HDS) to its portfolio

HD Supply Holdings Inc (HDS) : Three Corner Global Investors Lp added new position in HD Supply Holdings Inc during the most recent quarter end. The investment management firm now holds 653,900 shares of HD Supply Holdings Inc which is valued at $21.4 Million , the company said in a statement filed on May 13, 2016 with the SEC.HD Supply Holdings Inc makes up approximately 8.49% of Three Corner Global Investors Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in HDS in the latest quarter, The investment management firm added 9,245 additional shares and now holds a total of 21,454 shares of HD Supply Holdings Inc which is valued at $703,048.Baird Financial Group reduced its stake in HDS by selling 9,241 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 130,006 shares of HDS which is valued at $4.3 Million. HD Supply Holdings Inc makes up approx 0.04% of Baird Financial Group’s portfolio.Group One Trading boosted its stake in HDS in the latest quarter, The investment management firm added 16,650 additional shares and now holds a total of 17,165 shares of HD Supply Holdings Inc which is valued at $562,497. HD Supply Holdings Inc makes up approx 0.06% of Group One Trading’s portfolio.Sandy Spring Bank boosted its stake in HDS in the latest quarter, The investment management firm added 2,840 additional shares and now holds a total of 60,675 shares of HD Supply Holdings Inc which is valued at $2 Million. HD Supply Holdings Inc makes up approx 0.23% of Sandy Spring Bank’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in HDS in the latest quarter, The investment management firm added 11,886 additional shares and now holds a total of 106,805 shares of HD Supply Holdings Inc which is valued at $3.6 Million. HD Supply Holdings Inc makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’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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