New York State Teachers Retirement System Trims Stake in SpartanNash Company $SPTN

New York State Teachers Retirement System reduced its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 5.3% in the 2nd quarter, Holdings Channel reports. The fund owned 55,939 shares of the company’s stock after selling 3,160 shares during the period. New York State Teachers Retirement System’s holdings in SpartanNash were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its position in SpartanNash by 0.6% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 104,853 shares of the company’s stock valued at $2,124,000 after acquiring an additional 600 shares in the last quarter. GAMMA Investing LLC raised its position in SpartanNash by 8.5% during the first quarter. GAMMA Investing LLC now owns 8,097 shares of the company’s stock valued at $164,000 after acquiring an additional 636 shares in the last quarter. SummerHaven Investment Management LLC raised its position in SpartanNash by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 43,495 shares of the company’s stock valued at $1,152,000 after acquiring an additional 688 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in SpartanNash by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,056 shares of the company’s stock valued at $406,000 after acquiring an additional 858 shares in the last quarter. Finally, Significant Wealth Partners LLC raised its position in SpartanNash by 6.0% during the second quarter. Significant Wealth Partners LLC now owns 24,923 shares of the company’s stock valued at $660,000 after acquiring an additional 1,402 shares in the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Price Performance

Shares of SPTN opened at $26.90 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.80 and a debt-to-equity ratio of 0.96. SpartanNash Company has a 12 month low of $17.30 and a 12 month high of $27.07. The stock’s 50 day moving average is $26.77 and its two-hundred day moving average is $23.73. The firm has a market cap of $910.78 million, a P/E ratio of -56.04 and a beta of 0.50.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. SpartanNash had a positive return on equity of 8.19% and a negative net margin of 0.16%.The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $0.59 earnings per share. SpartanNash’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts predict that SpartanNash Company will post 1.79 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.3%. SpartanNash’s payout ratio is currently -183.33%.

Wall Street Analyst Weigh In

Separately, Zacks Research raised SpartanNash from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.45.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.