Oxford Asset Management Lowers stake in SUPERVALU (SVU)

SUPERVALU (SVU) : Oxford Asset Management reduced its stake in SUPERVALU by 18.76% during the most recent quarter end. The investment management company now holds a total of 2,290,363 shares of SUPERVALU which is valued at $11,245,682 after selling 528,765 shares in SUPERVALU , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.SUPERVALU makes up approximately 0.44% of Oxford Asset Management’s portfolio.

Other Hedge Funds, Including , Alambic Investment Management boosted its stake in SVU in the latest quarter, The investment management firm added 136,500 additional shares and now holds a total of 417,900 shares of SUPERVALU which is valued at $2,051,889. SUPERVALU makes up approx 0.46% of Alambic Investment Management’s portfolio.Sg Americas Securities reduced its stake in SVU by selling 57,876 shares or 44.31% in the most recent quarter. The Hedge Fund company now holds 72,731 shares of SVU which is valued at $351,291.Oakbrook Investments boosted its stake in SVU in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 21,700 shares of SUPERVALU which is valued at $113,274. SUPERVALU makes up approx 0.01% of Oakbrook Investments’s portfolio. Beacon Financial Group sold out all of its stake in SVU during the most recent quarter. The investment firm sold 45,436 shares of SVU which is valued $241,720.Weaver C. Barksdale Associates boosted its stake in SVU in the latest quarter, The investment management firm added 3,915 additional shares and now holds a total of 16,715 shares of SUPERVALU which is valued at $88,924. SUPERVALU makes up approx 0.15% of Weaver C. Barksdale Associates’s portfolio.

SUPERVALU opened for trading at $5.08 and hit $5.57 on the upside on Monday, eventually ending the session at $5.56, with a gain of 11.20% or 0.56 points. The heightened volatility saw the trading volume jump to 77,98,463 shares. Company has a market cap of $1,478 M.

On the company’s financial health, SUPERVALU reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.22. The company had revenue of $5196.00 million for the quarter, compared to analysts expectations of $5301.99 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on SUPERVALU. Company shares were Reiterated by Telsey Advisory Group on Aug 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 6.50 from a previous price target of $5 .Shares were Reiterated by Telsey Advisory Group on Jul 28, 2016 to “Market Perform” and Lowered the Price Target to $ 5 from a previous price target of $6 .

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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