316,811 Shares in Smart (SFS) Purchased by Signia Capital Management LLC

Signia Capital Management LLC acquired a new stake in shares of Smart (NYSE:SFS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 316,811 shares of the company’s stock, valued at approximately $2,487,000. Smart comprises approximately 2.6% of Signia Capital Management LLC’s portfolio, making the stock its 21st biggest holding. Signia Capital Management LLC owned about 0.43% of Smart at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SFS. Vanguard Group Inc. increased its stake in shares of Smart by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 2,278,419 shares of the company’s stock valued at $27,569,000 after acquiring an additional 97,761 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Smart by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 216,182 shares of the company’s stock worth $2,615,000 after purchasing an additional 18,215 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Smart by 68.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock worth $9,009,000 after purchasing an additional 301,959 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Smart by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock worth $1,203,000 after purchasing an additional 5,796 shares during the period. Finally, Credit Suisse AG grew its holdings in shares of Smart by 0.4% during the 1st quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock worth $563,000 after purchasing an additional 193 shares during the period.

A number of analysts have recently issued reports on the company. Citigroup reiterated a “neutral” rating and set a $8.50 target price (down previously from $10.00) on shares of Smart in a report on Friday, August 11th. BidaskClub cut Smart from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. ValuEngine cut Smart from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Zacks Investment Research cut Smart from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Finally, Loop Capital decreased their target price on Smart from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Smart currently has a consensus rating of “Hold” and an average price target of $11.47.

In other Smart news, SVP Michael A. Mortensen sold 19,304 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $7.59, for a total value of $146,517.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eleanor Hong sold 6,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $8.00, for a total value of $51,200.00. Following the completion of the transaction, the vice president now owns 59,922 shares of the company’s stock, valued at approximately $479,376. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,848 shares of company stock valued at $751,094. 8.47% of the stock is owned by company insiders.

Shares of Smart (NYSE SFS) traded down $0.05 during trading hours on Monday, hitting $9.10. The stock had a trading volume of 567,000 shares, compared to its average volume of 529,039. The stock has a market cap of $666.38, a PE ratio of 32.50, a P/E/G ratio of 5.01 and a beta of 0.62. Smart has a 1-year low of $5.80 and a 1-year high of $15.45. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11.

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Smart Company Profile

Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.

Institutional Ownership by Quarter for Smart (NYSE:SFS)

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