Simplex Trading buys $365,817 stake in SUPERVALU (SVU)

SUPERVALU (SVU) : Simplex Trading scooped up 35,589 additional shares in SUPERVALU during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 73,310 shares of SUPERVALU which is valued at $365,817.SUPERVALU makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in SVU by selling 106,247 shares or 64.71% in the most recent quarter. The Hedge Fund company now holds 57,945 shares of SVU which is valued at $292,622. Washington Trust Bank added SVU to its portfolio by purchasing 135 company shares during the most recent quarter which is valued at $682.

SUPERVALU opened for trading at $5 and hit $5.07 on the upside on Friday, eventually ending the session at $4.99, with a gain of 0.20% or 0.01 points. The heightened volatility saw the trading volume jump to 17,87,808 shares. Company has a market cap of $1,326 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. Shares were Reiterated by Telsey Advisory Group on Sep 9, 2016 to “Market Perform” and Lowered the Price Target to $ 5.50 from a previous price target of $6.50 .Shares were Reiterated by RBC Capital Mkts on Sep 9, 2016 to “Sector Perform” and Lowered the Price Target to $ 6 from a previous price target of $7 .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 .

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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