Lonestar Capital Management buys $5,000,000 stake in SUPERVALU (SVU)

SUPERVALU (SVU) : Lonestar Capital Management scooped up 100,100 additional shares in SUPERVALU during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,000,000 shares of SUPERVALU which is valued at $5,000,000.SUPERVALU makes up approximately 5.50% of Lonestar Capital Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in SVU by selling 59,635 shares or 8.19% in the most recent quarter. The Hedge Fund company now holds 668,075 shares of SVU which is valued at $3,340,375. SUPERVALU makes up approx 0.01% of D. E. Shaw’s portfolio.Nuveen Asset Management boosted its stake in SVU in the latest quarter, The investment management firm added 29,165 additional shares and now holds a total of 174,348 shares of SUPERVALU which is valued at $871,740. SUPERVALU makes up approx 0.01% of Nuveen Asset Management’s portfolio.Blackrock Fund Advisors boosted its stake in SVU in the latest quarter, The investment management firm added 511,625 additional shares and now holds a total of 13,270,050 shares of SUPERVALU which is valued at $66,350,250. SUPERVALU makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Btim Corp. reduced its stake in SVU by selling 1,494 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 57,354 shares of SVU which is valued at $273,579.

SUPERVALU opened for trading at $5.47 and hit $5.53 on the upside on Thursday, eventually ending the session at $5.51, with a gain of 0.55% or 0.03 points. The heightened volatility saw the trading volume jump to 36,36,774 shares. Company has a market cap of $1,464 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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