Quadrature Capital Ltd Invests $2.28 Million in HD Supply Holdings Inc (HDS) Stock

Quadrature Capital Ltd purchased a new position in HD Supply Holdings Inc (NASDAQ:HDS) during the fourth quarter, Holdings Channel reports. The fund purchased 56,995 shares of the industrial products company’s stock, valued at approximately $2,282,000.

A number of other institutional investors also recently made changes to their positions in HDS. JPMorgan Chase & Co. increased its stake in HD Supply by 60.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock worth $148,182,000 after purchasing an additional 1,541,426 shares during the period. OZ Management LP increased its stake in HD Supply by 36.4% in the 3rd quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock worth $188,175,000 after purchasing an additional 1,392,371 shares during the period. KBC Group NV increased its stake in HD Supply by 494.9% in the 3rd quarter. KBC Group NV now owns 728,134 shares of the industrial products company’s stock worth $26,263,000 after purchasing an additional 605,738 shares during the period. Point72 Asset Management L.P. increased its stake in HD Supply by 894.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 619,603 shares of the industrial products company’s stock worth $22,349,000 after purchasing an additional 557,303 shares during the period. Finally, Marathon Partners Equity Management LLC increased its stake in HD Supply by 289.0% in the 3rd quarter. Marathon Partners Equity Management LLC now owns 710,000 shares of the industrial products company’s stock worth $25,610,000 after purchasing an additional 527,500 shares during the period. 98.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of HD Supply Holdings Inc (NASDAQ:HDS) opened at $36.54 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80. HD Supply Holdings Inc has a 1 year low of $28.97 and a 1 year high of $43.95. The firm has a market capitalization of $6,784.67, a P/E ratio of 6.87, a P/E/G ratio of 0.64 and a beta of 1.29.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. research analysts predict that HD Supply Holdings Inc will post 2.27 EPS for the current fiscal year.

A number of brokerages have recently weighed in on HDS. Royal Bank of Canada lowered HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $42.00 price objective on shares of HD Supply in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.21.

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About HD Supply

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.

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Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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