Royce & Associates LP Has $7.42 Million Holdings in SuperValu Inc. (SVU)

Royce & Associates LP trimmed its position in shares of SuperValu Inc. (NYSE:SVU) by 73.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,307 shares of the company’s stock after selling 925,853 shares during the period. Royce & Associates LP owned approximately 0.89% of SuperValu worth $7,423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Amalgamated Bank grew its stake in SuperValu by 0.7% during the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after buying an additional 246 shares in the last quarter. Sigma Planning Corp grew its stake in SuperValu by 2.5% during the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in SuperValu by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after buying an additional 1,492 shares in the last quarter. Texas Permanent School Fund grew its stake in SuperValu by 0.8% during the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock worth $643,000 after buying an additional 1,645 shares in the last quarter. Finally, US Bancorp DE grew its stake in SuperValu by 2.5% during the second quarter. US Bancorp DE now owns 74,027 shares of the company’s stock worth $244,000 after buying an additional 1,836 shares in the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.

Shares of SuperValu Inc. (SVU) opened at $19.69 on Friday. SuperValu Inc. has a one year low of $14.55 and a one year high of $35.91. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 4.76. The firm has a market cap of $760.10, a P/E ratio of 8.42 and a beta of 2.29.

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

A number of equities research analysts have issued reports on SVU shares. Pivotal Research set a $39.00 price objective on shares of SuperValu and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Royal Bank of Canada set a $42.00 price objective on shares of SuperValu and gave the stock a “buy” rating in a research note on Monday, August 28th. ValuEngine downgraded shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Wells Fargo & Company initiated coverage on shares of SuperValu in a research note on Friday, November 3rd. They set a “market perform” rating and a $16.00 price objective on the stock. Finally, Morgan Stanley reduced their price target on shares of SuperValu from $22.50 to $20.50 and set an “equal weight” rating on the stock 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 assigned a buy rating to the company. SuperValu has a consensus rating of “Hold” and a consensus target price of $26.50.

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SuperValu Profile

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.

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Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

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