Gerstein Fisher Lowers stake in The Kroger Co (KR)

The Kroger Co (KR) : Gerstein Fisher reduced its stake in The Kroger Co by 1.73% during the most recent quarter end. The investment management company now holds a total of 163,050 shares of The Kroger Co which is valued at $5,266,515 after selling 2,863 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.The Kroger Co makes up approximately 0.67% of Gerstein Fisher’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust reduced its stake in KR by selling 164 shares or 2.81% in the most recent quarter. The Hedge Fund company now holds 5,674 shares of KR which is valued at $183,270. The Kroger Co makes up approx 0.02% of Finemark National Bank Trust’s portfolio. Fca Corp Tx added KR to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $326,200. The Kroger Co makes up approx 0.16% of Fca Corp Tx’s portfolio.Hartford Investment Management Co reduced its stake in KR by selling 11,208 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 226,026 shares of KR which is valued at $8,132,415. The Kroger Co makes up approx 0.17% of Hartford Investment Management Co’s portfolio.

The Kroger Co opened for trading at $32.63 and hit $32.97 on the upside on Monday, eventually ending the session at $32.73, with a gain of 0.46% or 0.15 points. The heightened volatility saw the trading volume jump to 90,27,511 shares. Company has a market cap of $31,061 M.

On the company’s financial health, The Kroger Co reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.69. The company had revenue of $34604.00 million for the quarter, compared to analysts expectations of $34728.52 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on The Kroger Co. The Kroger Co was Upgraded by Goldman to ” Buy” on Jul 26, 2016.

The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.

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