Sasco Capital Inc Ct Lowers stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Sasco Capital Inc Ct reduced its stake in HD Supply Holdings Inc by 15.87% during the most recent quarter end. The investment management company now holds a total of 4,432,572 shares of HD Supply Holdings Inc which is valued at $159,794,221 after selling 836,220 shares in HD Supply Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.HD Supply Holdings Inc makes up approximately 3.91% of Sasco Capital Inc Ct’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group boosted its stake in HDS in the latest quarter, The investment management firm added 11,549 additional shares and now holds a total of 333,717 shares of HD Supply Holdings Inc which is valued at $12,030,498. HD Supply Holdings Inc makes up approx 0.08% of Atlantic Trust Group’s portfolio.Vanguard Group Inc boosted its stake in HDS in the latest quarter, The investment management firm added 355,906 additional shares and now holds a total of 14,486,736 shares of HD Supply Holdings Inc which is valued at $522,246,833. HD Supply Holdings Inc makes up approx 0.03% of Vanguard Group Inc’s portfolio. Oxford Asset Management sold out all of its stake in HDS during the most recent quarter. The investment firm sold 78,053 shares of HDS which is valued $2,820,055.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in HDS in the latest quarter, The investment management firm added 149,720 additional shares and now holds a total of 229,260 shares of HD Supply Holdings Inc which is valued at $8,099,756. HD Supply Holdings Inc makes up approx 0.10% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio. Gargoyle Investment Advisor L.l.c. added HDS to its portfolio by purchasing 13,789 company shares during the most recent quarter which is valued at $502,333. HD Supply Holdings Inc makes up approx 0.18% of Gargoyle Investment Advisor L.l.c.’s portfolio.

HD Supply Holdings Inc closed down -0.34 points or -0.93% at $36.27 with 31,53,910 shares getting traded on Tuesday. Post opening the session at $36.12, the shares hit an intraday low of $36 and an intraday high of $36.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, HD Supply Holdings Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.47. The company had revenue of $1844.00 million for the quarter, compared to analysts expectations of $1836.07 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. HD Supply Holdings Inc was Resumed by Credit Suisse to “Outperform” on Jun 17, 2016. HD Supply Holdings Inc was Initiated by Longbow to “Buy” on Jun 2, 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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