Raymond James Financial Services Advisors Inc. Grows Stake in SuperValu Inc. (SVU)

Raymond James Financial Services Advisors Inc. raised its position in SuperValu Inc. (NYSE:SVU) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,034 shares of the company’s stock after purchasing an additional 10 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.11% of SuperValu worth $138,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SVU. Amalgamated Bank raised its holdings in shares of SuperValu by 0.7% in the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of SuperValu by 5.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after purchasing an additional 1,687 shares during the period. Sigma Planning Corp raised its holdings in shares of SuperValu by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the period. Hartford Investment Management Co. purchased a new position in shares of SuperValu in the 2nd quarter worth about $149,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of SuperValu by 77.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 52,551 shares of the company’s stock worth $172,000 after purchasing an additional 23,011 shares during the period.

A number of research firms have recently commented on SVU. Zacks Investment Research downgraded SuperValu from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $14.00 price objective on shares of SuperValu in a report on Tuesday. BidaskClub downgraded SuperValu from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. ValuEngine upgraded SuperValu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Pivotal Research set a $39.00 price objective on SuperValu and gave the stock a “buy” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.50.

Shares of SuperValu Inc. (NYSE:SVU) opened at $14.80 on Thursday. The company has a market capitalization of $567.29, a PE ratio of 6.29 and a beta of 2.30. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. SuperValu Inc. has a twelve month low of $14.55 and a twelve month high of $35.91.

SuperValu (NYSE:SVU) last announced its earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The company’s revenue was up 35.5% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. research analysts predict that SuperValu Inc. will post 2.26 earnings per share for the current year.

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About SuperValu

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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Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

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