HD Supply Holdings Inc (HDS) Stake Lowered by IronBridge Capital Management LP
IronBridge Capital Management LP lowered its position in HD Supply Holdings Inc (NASDAQ:HDS) by 15.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,890 shares of the industrial products company’s stock after selling 15,120 shares during the period. IronBridge Capital Management LP’s holdings in HD Supply Holdings were worth $3,491,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of HD Supply Holdings during the first quarter worth $684,000. Silver Capital Management LLC purchased a new stake in shares of HD Supply Holdings during the first quarter worth $459,000. Nordea Investment Management AB increased its stake in shares of HD Supply Holdings by 16.0% in the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 5,081 shares during the period. Pacer Advisors Inc. increased its stake in shares of HD Supply Holdings by 21.6% in the first quarter. Pacer Advisors Inc. now owns 27,251 shares of the industrial products company’s stock worth $1,121,000 after buying an additional 4,835 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of HD Supply Holdings by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 62,069 shares of the industrial products company’s stock worth $2,554,000 after buying an additional 1,925 shares during the period. 96.17% of the stock is owned by institutional investors.
HD Supply Holdings Inc (NASDAQ:HDS) traded down 0.87% during trading on Wednesday, reaching $41.18. 992,178 shares of the company were exchanged. The company has a market capitalization of $8.29 billion, a P/E ratio of 42.45 and a beta of 1.39. HD Supply Holdings Inc has a one year low of $30.05 and a one year high of $44.73. The firm’s 50-day moving average is $40.26 and its 200 day moving average is $41.09.
HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Tuesday, March 14th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. HD Supply Holdings had a net margin of 13.62% and a return on equity of 61.66%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $0.27 earnings per share. HD Supply Holdings’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that HD Supply Holdings Inc will post $3.35 EPS for the current fiscal year.
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A number of brokerages have recently weighed in on HDS. Raymond James Financial, Inc. raised shares of HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Friday, April 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of HD Supply Holdings in a report on Tuesday, April 11th. Zacks Investment Research downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of HD Supply Holdings in a report on Thursday, March 16th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. HD Supply Holdings presently has a consensus rating of “Buy” and a consensus price target of $43.91.
In other news, Chairman Joseph J. Deangelo sold 712,145 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $40.80, for a total value of $29,055,516.00. Following the completion of the sale, the chairman now directly owns 628,426 shares in the company, valued at approximately $25,639,780.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen O. Leclair sold 1,325 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $42.59, for a total transaction of $56,431.75. Following the completion of the sale, the insider now owns 23,700 shares of the company’s stock, valued at $1,009,383. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,346,620 shares of company stock valued at $54,958,455. Company insiders own 0.98% of the company’s stock.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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