NN Investment Partners Holdings N.V. raised its position in SpartanNash Company (NASDAQ:SPTN) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,172 shares of the company’s stock after buying an additional 4,130 shares during the period. NN Investment Partners Holdings N.V. owned about 0.10% of SpartanNash worth $991,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of SPTN. Alpha Windward LLC raised its stake in SpartanNash by 0.5% in the first quarter. Alpha Windward LLC now owns 12,420 shares of the company’s stock valued at $435,000 after buying an additional 60 shares during the last quarter. State of Alaska Department of Revenue raised its stake in SpartanNash by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,140 shares of the company’s stock valued at $144,000 after buying an additional 80 shares during the last quarter. Huntington National Bank raised its stake in SpartanNash by 3.8% in the first quarter. Huntington National Bank now owns 3,254 shares of the company’s stock valued at $114,000 after buying an additional 120 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in SpartanNash by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,260 shares of the company’s stock valued at $534,000 after buying an additional 200 shares during the last quarter. Finally, Assetmark Inc. raised its stake in SpartanNash by 3.5% in the first quarter. Assetmark Inc. now owns 6,603 shares of the company’s stock valued at $231,000 after buying an additional 223 shares during the last quarter. 87.29% of the stock is owned by institutional investors.
Shares of SpartanNash Company (SPTN) opened at 26.06 on Thursday. SpartanNash Company has a 52 week low of $24.81 and a 52 week high of $40.38. The company’s 50-day moving average is $26.56 and its 200 day moving average is $32.75. The firm has a market capitalization of $986.21 million, a price-to-earnings ratio of 15.83 and a beta of 1.00.
SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, May 24th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. SpartanNash had a net margin of 0.79% and a return on equity of 10.03%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate that SpartanNash Company will post $2.30 EPS for the current fiscal year.
WARNING: “NN Investment Partners Holdings N.V. Purchases 4,130 Shares of SpartanNash Company (SPTN)” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/10/spartannash-company-sptn-stake-boosted-by-nn-investment-partners-holdings-n-v-updated-updated.html.
Several research analysts recently weighed in on SPTN shares. Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Pivotal Research cut their price objective on shares of SpartanNash from $40.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, May 24th. ValuEngine downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC set a $35.00 price objective on shares of SpartanNash and gave the stock a “hold” rating in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. SpartanNash has an average rating of “Hold” and an average target price of $29.40.
In other news, Director M Shan Atkins sold 2,000 shares of SpartanNash stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $30.01, for a total value of $60,020.00. Following the transaction, the director now owns 35,425 shares of the company’s stock, valued at $1,063,104.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Theodore Adornato sold 1,182 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $36.86, for a total transaction of $43,568.52. Following the completion of the sale, the insider now owns 51,256 shares in the company, valued at approximately $1,889,296.16. The disclosure for this sale can be found here. Insiders sold 11,936 shares of company stock valued at $407,921 over the last three months. 3.00% of the stock is owned by insiders.
About SpartanNash
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
Receive News & Ratings for SpartanNash Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash Company and related companies with MarketBeat.com's FREE daily email newsletter.
