Simplex Trading buys $403,667 stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Simplex Trading scooped up 6,146 additional shares in HD Supply Holdings Inc 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 12,337 shares of HD Supply Holdings Inc which is valued at $403,667.HD Supply Holdings Inc makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in HDS by selling 301 shares or 9.8% in the most recent quarter. The Hedge Fund company now holds 2,771 shares of HDS which is valued at $90,667. HD Supply Holdings Inc makes up approx 0.02% of Advisory Services Network’s portfolio.Independent Portfolio Consultants reduced its stake in HDS by selling 215 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 5,545 shares of HDS which is valued at $175,610. HD Supply Holdings Inc makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.Eqis Capital Management boosted its stake in HDS in the latest quarter, The investment management firm added 1,469 additional shares and now holds a total of 35,871 shares of HD Supply Holdings Inc which is valued at $1,136,035. HD Supply Holdings Inc makes up approx 0.07% of Eqis Capital Management’s portfolio. Washington Trust Bank added HDS to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $855.Beacon Financial Group reduced its stake in HDS by selling 1,075 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 14,078 shares of HDS which is valued at $445,850. HD Supply Holdings Inc makes up approx 0.09% of Beacon Financial Group’s portfolio.

HD Supply Holdings Inc closed down -0.01 points or -0.03% at $32.72 with 25,73,000 shares getting traded on Friday. Post opening the session at $32.83, the shares hit an intraday low of $32.04 and an intraday high of $32.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, HD Supply Holdings Inc reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $0.87. The company had revenue of $2016.00 million for the quarter, compared to analysts expectations of $2031.49 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. Shares were Downgraded by RBC Capital Mkts on Sep 20, 2016 to ” Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $43 .Shares were Reiterated by RBC Capital Mkts on Sep 8, 2016 to “Outperform” and Lowered the Price Target to $ 43 from a previous price target of $49 .Macquarie Initiated HD Supply Holdings Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $42.

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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