Royal Bank of Canada cut its position in shares of SuperValu Inc. (NYSE:SVU) by 35.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,589 shares of the company’s stock after selling 20,987 shares during the period. Royal Bank of Canada owned about 0.10% of SuperValu worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SVU. Dimensional Fund Advisors LP increased its holdings in shares of SuperValu by 35.3% in the 2nd 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 during the period. Cooper Creek Partners Management LLC increased its holdings in shares of SuperValu by 60.8% in the 2nd 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 during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of SuperValu by 59.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock valued at $9,113,000 after acquiring an additional 1,030,762 shares during the period. Numeric Investors LLC purchased a new position in shares of SuperValu in the 2nd quarter valued at $2,283,000. Finally, Vanguard Group Inc. increased its holdings in shares of SuperValu by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock valued at $98,671,000 after acquiring an additional 682,044 shares during the period. 83.34% of the stock is owned by institutional investors and hedge funds.

Shares of SuperValu Inc. (NYSE:SVU) traded up $0.08 during mid-day trading on Tuesday, reaching $16.47. The company had a trading volume of 636,200 shares, compared to its average volume of 806,351. SuperValu Inc. has a 1 year low of $14.55 and a 1 year high of $35.91. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. The stock has a market cap of $629.51, a P/E ratio of 6.98 and a beta of 2.30.

SuperValu (NYSE:SVU) last announced its earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. sell-side analysts predict that SuperValu Inc. will post 2.26 EPS for the current year.

A number of research analysts have recently issued reports on SVU shares. Royal Bank Of Canada set a $42.00 price target on SuperValu and gave the company a “buy” rating in a report on Monday, August 28th. Pivotal Research set a $39.00 price target on SuperValu and gave the company a “buy” rating in a report on Tuesday, October 31st. Wells Fargo & Company started coverage on SuperValu in a report on Friday, November 3rd. They issued a “market perform” rating and a $16.00 price target on the stock. TheStreet downgraded SuperValu from a “c” rating to a “d+” rating in a report on Wednesday, October 18th. Finally, Northcoast Research restated a “neutral” rating on shares of SuperValu in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.50.

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About SuperValu

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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