CIBC World Markets Inc. boosted its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 155.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,875 shares of the industrial products company’s stock after acquiring an additional 64,381 shares during the period. CIBC World Markets Inc. owned about 0.05% of HD Supply Holdings worth $3,243,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Engineers Gate Manager LP acquired a new position in HD Supply Holdings during the 2nd quarter worth approximately $224,000. Sheaff Brock Investment Advisors LLC acquired a new position in HD Supply Holdings during the 2nd quarter worth approximately $551,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in HD Supply Holdings by 21.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 698,900 shares of the industrial products company’s stock worth $21,407,000 after acquiring an additional 125,035 shares in the last quarter. MRJ Capital Inc. grew its holdings in HD Supply Holdings by 18.7% during the 2nd quarter. MRJ Capital Inc. now owns 85,700 shares of the industrial products company’s stock worth $2,624,000 after acquiring an additional 13,500 shares in the last quarter. Finally, Atlantic Trust Group LLC grew its holdings in HD Supply Holdings by 7.2% during the 2nd quarter. Atlantic Trust Group LLC now owns 356,157 shares of the industrial products company’s stock worth $10,909,000 after acquiring an additional 23,767 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.
Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 33.45 on Monday. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73. The stock has a market cap of $6.78 billion, a P/E ratio of 23.01 and a beta of 1.40. The company has a 50-day moving average of $31.76 and a 200 day moving average of $36.48.
HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that HD Supply Holdings, Inc. will post $2.20 EPS for the current fiscal year.
HD Supply Holdings declared that its Board of Directors has initiated a stock buyback program on Tuesday, June 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Several research firms have commented on HDS. UBS AG cut shares of HD Supply Holdings from a “positive” rating to a “neutral” rating in a report on Wednesday, June 14th. BidaskClub upgraded shares of HD Supply Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada lowered their price target on shares of HD Supply Holdings from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday. Zacks Investment Research upgraded shares of HD Supply Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Monday, September 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.00 price objective on shares of HD Supply Holdings in a research report on Wednesday, August 16th. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $38.14.
ILLEGAL ACTIVITY WARNING: “CIBC World Markets Inc. Has $3.24 Million Holdings in HD Supply Holdings, Inc. (HDS)” was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/09/11/cibc-world-markets-inc-has-3-24-million-holdings-in-hd-supply-holdings-inc-hds.html.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.
Want to see what other hedge funds are holding HDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HD Supply Holdings, Inc. (NASDAQ:HDS).
Receive News & Ratings for HD Supply Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.