WESCAP Management Group Inc. Cuts Position in HD Supply Holdings Inc (NASDAQ:HDS)

WESCAP Management Group Inc. lessened its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,447 shares of the industrial products company’s stock after selling 331 shares during the quarter. WESCAP Management Group Inc.’s holdings in HD Supply were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDS. Geode Capital Management LLC grew its stake in HD Supply by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,908,932 shares of the industrial products company’s stock worth $71,581,000 after buying an additional 45,357 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in HD Supply in the first quarter valued at $184,000. IFM Investors Pty Ltd raised its stake in HD Supply by 19.5% in the first quarter. IFM Investors Pty Ltd now owns 8,545 shares of the industrial products company’s stock valued at $370,000 after buying an additional 1,396 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in HD Supply in the first quarter valued at $288,000. Finally, Strs Ohio raised its stake in HD Supply by 6.6% in the first quarter. Strs Ohio now owns 9,850 shares of the industrial products company’s stock valued at $426,000 after buying an additional 608 shares in the last quarter.

In related news, insider Jana Partners Llc sold 733,657 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Shares of NASDAQ HDS traded down $0.13 during trading on Thursday, hitting $38.13. 43,720 shares of the company traded hands, compared to its average volume of 1,394,053. HD Supply Holdings Inc has a 1 year low of $35.35 and a 1 year high of $47.13. The company has a 50-day moving average price of $39.36 and a 200-day moving average price of $42.00. The firm has a market capitalization of $6.50 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.64 and a beta of 1.13. The company has a quick ratio of 1.07, a current ratio of 2.06 and a debt-to-equity ratio of 1.77.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company earned $0.70 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Research analysts predict that HD Supply Holdings Inc will post 3.58 EPS for the current fiscal year.

A number of analysts have weighed in on the company. ValuEngine cut HD Supply from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BidaskClub raised shares of HD Supply from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Northcoast Research reissued a “buy” rating on shares of HD Supply in a research note on Wednesday, June 12th. Longbow Research raised shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Monday, June 3rd. Finally, Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.50.

HD Supply Company Profile

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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