Gamco Investors INC. ET AL decreased its holdings in shares of Rite Aid Corporation (NYSE:RAD) by 4.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 958,800 shares of the company’s stock after selling 49,268 shares during the period. Gamco Investors INC. ET AL owned 0.09% of Rite Aid Corporation worth $1,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Prudential Financial Inc. grew its position in shares of Rite Aid Corporation by 17.6% in the 1st quarter. Prudential Financial Inc. now owns 86,194 shares of the company’s stock worth $366,000 after buying an additional 12,900 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Rite Aid Corporation by 20.9% in the 1st quarter. Principal Financial Group Inc. now owns 84,001 shares of the company’s stock worth $357,000 after buying an additional 14,532 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Rite Aid Corporation by 4.8% in the 1st quarter. Teachers Advisors LLC now owns 1,131,168 shares of the company’s stock worth $4,807,000 after buying an additional 51,329 shares during the last quarter. BlackRock Inc. grew its position in shares of Rite Aid Corporation by 4,995.0% in the 1st quarter. BlackRock Inc. now owns 50,473,198 shares of the company’s stock worth $214,510,000 after buying an additional 49,482,563 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Rite Aid Corporation by 1.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 512,831 shares of the company’s stock worth $2,180,000 after buying an additional 7,300 shares during the last quarter. 53.01% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Myrtle S. Potter sold 28,189 shares of Rite Aid Corporation stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $2.09, for a total value of $58,915.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.29% of the stock is owned by company insiders.

RAD has been the topic of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of Rite Aid Corporation in a research report on Tuesday, September 19th. They issued a “sector perform” rating and a $2.50 price objective on the stock. Mizuho downgraded shares of Rite Aid Corporation from a “buy” rating to a “neutral” rating and set a $2.95 price objective on the stock. in a research report on Thursday, July 20th. Loop Capital initiated coverage on shares of Rite Aid Corporation in a research report on Monday, September 11th. They issued a “hold” rating and a $2.50 price objective on the stock. Guggenheim reaffirmed a “neutral” rating and issued a $2.00 price objective on shares of Rite Aid Corporation in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Rite Aid Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.68.

Shares of Rite Aid Corporation (NYSE:RAD) opened at $1.59 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.74 and a debt-to-equity ratio of 9.71. Rite Aid Corporation has a 12 month low of $1.38 and a 12 month high of $8.77.

Rite Aid Corporation (NYSE:RAD) last released its earnings results on Thursday, September 28th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.83 billion. Rite Aid Corporation had a net margin of 0.28% and a negative return on equity of 7.51%. Rite Aid Corporation’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS. research analysts forecast that Rite Aid Corporation will post -0.1 EPS for the current fiscal year.

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Rite Aid Corporation Profile

Rite Aid Corporation is a retail drugstore chain. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company’s Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.

Institutional Ownership by Quarter for Rite Aid Corporation (NYSE:RAD)

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