Sasco Capital Inc Ct buys $169,648,272 stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Sasco Capital Inc Ct scooped up 114,420 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 Nov 14, 2016. The investment management firm now holds a total of 4,546,992 shares of HD Supply Holdings Inc which is valued at $169,648,272.HD Supply Holdings Inc makes up approximately 4.26% of Sasco Capital Inc Ct’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in HDS in the latest quarter, The investment management firm added 725,024 additional shares and now holds a total of 21,609,771 shares of HD Supply Holdings Inc which is valued at $806,260,556. HD Supply Holdings Inc makes up approx 0.11% of Fmr’s portfolio.Oppenheimer Co Inc reduced its stake in HDS by selling 72,409 shares or 76.74% in the most recent quarter. The Hedge Fund company now holds 21,949 shares of HDS which is valued at $719,927. HD Supply Holdings Inc makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.Sandy Spring Bank boosted its stake in HDS in the latest quarter, The investment management firm added 3,445 additional shares and now holds a total of 63,720 shares of HD Supply Holdings Inc which is valued at $2,090,016. HD Supply Holdings Inc makes up approx 0.23% of Sandy Spring Bank’s portfolio.Victory Capital Management Inc reduced its stake in HDS by selling 221,745 shares or 20.53% in the most recent quarter. The Hedge Fund company now holds 858,232 shares of HDS which is valued at $28,089,933. HD Supply Holdings Inc makes up approx 0.08% of Victory Capital Management Inc’s portfolio.

HD Supply Holdings Inc opened for trading at $38.22 and hit $38.48 on the upside on Monday, eventually ending the session at $38.35, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 20,28,925 shares. Company has a market cap of $7,709 M.

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. Company shares were Reiterated by RBC Capital Mkts on Oct 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .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 .

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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