Simplex Trading Lowers stake in United Natural Foods (UNFI)

United Natural Foods (UNFI) : Simplex Trading reduced its stake in United Natural Foods by 64.32% during the most recent quarter end. The investment management company now holds a total of 14,247 shares of United Natural Foods which is valued at $572,160 after selling 25,682 shares in United Natural Foods , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.United Natural Foods makes up approximately 0.07% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network added UNFI to its portfolio by purchasing 38 company shares during the most recent quarter which is valued at $1,526.Bnp Paribas Arbitrage Sa reduced its stake in UNFI by selling 13,568 shares or 58.96% in the most recent quarter. The Hedge Fund company now holds 9,443 shares of UNFI which is valued at $381,969. Washington Trust Bank added UNFI to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $526.

United Natural Foods closed down -0.59 points or -1.45% at $40.16 with 6,37,571 shares getting traded on Friday. Post opening the session at $40.91, the shares hit an intraday low of $40.01 and an intraday high of $41.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, United Natural Foods reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Sep 12, 2016. Analyst had a consensus of $0.63. The company had revenue of $2213.80 million for the quarter, compared to analysts expectations of $2218.59 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on United Natural Foods. Company shares were Reiterated by RBC Capital Mkts on Sep 14, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .

United Natural Foods Inc. is a distributor of natural organic and specialty foods and non-food products in the United States and Canada. It offers products in six product categories: grocery and general merchandise produce perishables and frozen foods nutritional supplements and sports nutrition bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division which includes its natural organic and specialty distribution business in the United States; UNFI Canada which is its natural organic and specialty business in Canada; Albert’s Organics Inc. and Select Nutrition; retail division consisting of EOM which operates its 12 natural products retail stores within the United States; manufacturing division consisting of Woodstock Farms Manufacturing. In July 2014 the Company acquired all of stock of Tony’s Fine Foods making it a wholly-owned subsidiary of the Company.

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