Cambridge Investment Research Advisors Inc. Acquires Shares of 24,668 SuperValu Inc. (NYSE:SVU)

Cambridge Investment Research Advisors Inc. bought a new stake in SuperValu Inc. (NYSE:SVU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,668 shares of the company’s stock, valued at approximately $537,000. Cambridge Investment Research Advisors Inc. owned about 0.06% of SuperValu as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in SuperValu by 2.3% in the second quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock valued at $98,671,000 after buying an additional 682,044 shares during the period. State Street Corp increased its holdings in shares of SuperValu by 7.7% during the first quarter. State Street Corp now owns 8,208,363 shares of the company’s stock valued at $31,686,000 after acquiring an additional 586,022 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of SuperValu by 35.3% during the second quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock valued at $24,016,000 after acquiring an additional 1,903,023 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of SuperValu by 1.2% during the second quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock valued at $17,775,000 after acquiring an additional 62,061 shares in the last quarter. Finally, Cooper Creek Partners Management LLC increased its holdings in shares of SuperValu by 60.8% during the second quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock valued at $15,849,000 after acquiring an additional 1,820,941 shares in the last quarter. Institutional investors own 83.25% of the company’s stock.

SVU has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $42.00 price target on SuperValu and gave the company a “buy” rating in a research report on Monday, August 28th. Pivotal Research set a $42.00 price objective on SuperValu and gave the stock a “buy” rating in a report on Wednesday, August 23rd. ValuEngine raised SuperValu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. TheStreet lowered SuperValu from a “c” rating to a “d+” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley reduced their price objective on SuperValu from $22.50 to $20.50 and set an “equal weight” rating on the stock in a research report on Thursday, October 19th. Two research 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.50.

Shares of SuperValu Inc. (SVU) traded down $0.53 during mid-day trading on Wednesday, hitting $18.46. The stock had a trading volume of 931,000 shares, compared to its average volume of 814,045. The company has a market cap of $729.38, a price-to-earnings ratio of 8.08 and a beta of 2.29. 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 12-month low of $14.55 and a 12-month high of $35.91.

SuperValu (NYSE:SVU) last announced its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.78 billion. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. research analysts forecast that SuperValu Inc. will post 2.26 EPS for the current fiscal year.

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SuperValu 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.

Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

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