State of Alaska Department of Revenue raised its position in SuperValu Inc. (NYSE:SVU) by 77.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,551 shares of the company’s stock after buying an additional 23,011 shares during the period. State of Alaska Department of Revenue’s holdings in SuperValu were worth $172,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SVU. BlackRock Inc. raised its position in SuperValu by 11,576.6% in the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after buying an additional 40,904,886 shares during the last quarter. UBS Oconnor LLC raised its position in shares of SuperValu by 323.4% in the first quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after buying an additional 7,044,616 shares in the last quarter. Norges Bank purchased a new position in shares of SuperValu during the fourth quarter valued at about $14,230,000. Westpac Banking Corp purchased a new position in shares of SuperValu during the first quarter valued at about $5,238,000. Finally, Saba Capital Management L.P. purchased a new position in shares of SuperValu during the first quarter valued at about $3,277,000.
Shares of SuperValu Inc. (SVU) opened at 22.47 on Friday. The firm’s 50-day moving average price is $23.36 and its 200-day moving average price is $8.80. The firm has a market capitalization of $857.05 million, a P/E ratio of 1.39 and a beta of 2.06. SuperValu Inc. has a 12-month low of $20.30 and a 12-month high of $40.18.
SuperValu (NYSE:SVU) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. SuperValu’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. Equities analysts predict that SuperValu Inc. will post $2.36 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on SVU shares. Royal Bank Of Canada set a $42.00 price target on SuperValu and gave the company a “buy” rating in a research note on Sunday, July 16th. Guggenheim restated a “neutral” rating on shares of SuperValu in a research note on Monday, May 1st. Zacks Investment Research upgraded SuperValu from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. ValuEngine upgraded SuperValu from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, Telsey Advisory Group lowered their price target on SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. SuperValu presently has a consensus rating of “Hold” and an average price target of $32.08.
SuperValu Company Profile
Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
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