Ashfield Capital Partners Lowers stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Ashfield Capital Partners reduced its stake in HD Supply Holdings Inc by 9.49% during the most recent quarter end. The investment management company now holds a total of 541,546 shares of HD Supply Holdings Inc which is valued at $20,205,081 after selling 56,766 shares in HD Supply Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.HD Supply Holdings Inc makes up approximately 1.61% of Ashfield Capital Partners’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na reduced its stake in HDS by selling 1,170 shares or 30.84% in the most recent quarter. The Hedge Fund company now holds 2,624 shares of HDS which is valued at $97,901.Tiaa Cref Investment Management reduced its stake in HDS by selling 278,125 shares or 22.28% in the most recent quarter. The Hedge Fund company now holds 969,928 shares of HDS which is valued at $31,813,638. HD Supply Holdings Inc makes up approx 0.02% of Tiaa Cref Investment Management’s portfolio. Quantitative Investment Management added HDS to its portfolio by purchasing 70,300 company shares during the most recent quarter which is valued at $2,316,385. HD Supply Holdings Inc makes up approx 0.08% of Quantitative Investment Management’s portfolio.Intermede Investment Partners Ltd boosted its stake in HDS in the latest quarter, The investment management firm added 223,202 additional shares and now holds a total of 1,318,534 shares of HD Supply Holdings Inc which is valued at $43,195,174. HD Supply Holdings Inc makes up approx 4.89% of Intermede Investment Partners Ltd’s portfolio.Mountain Pacific Investment Advisers Incid boosted its stake in HDS in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 315,000 shares of HD Supply Holdings Inc which is valued at $10,165,050. HD Supply Holdings Inc makes up approx 1.13% of Mountain Pacific Investment Advisers Incid’s portfolio.

HD Supply Holdings Inc opened for trading at $38.22 and hit $38.48 on the upside on Monday, eventually ending the session at $38.35, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 20,28,925 shares. Company has a market cap of $7,709 M.

On the company’s financial health, HD Supply Holdings Inc reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $0.87. The company had revenue of $2016.00 million for the quarter, compared to analysts expectations of $2031.49 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. Company shares were Reiterated by RBC Capital Mkts on Oct 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .Shares were Downgraded by RBC Capital Mkts on Sep 20, 2016 to ” Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $43 .Shares were Reiterated by RBC Capital Mkts on Sep 8, 2016 to “Outperform” and Lowered the Price Target to $ 43 from a previous price target of $49 .

HD Supply Holdings Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance Waterworks Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance repair and operations (MRO) products provides value-add services and fabricates custom products. Waterworks distributes water and wastewater transmission products serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Power Solutions distributes electrical transmission and distribution products power plant MRO supplies and smart-grid products and arranges materials management and procurement outsourcing for the power generation and distribution industries. Construction & Industrial-White Cap distributes specialized hardware tools engineered materials and safety products to non-residential and residential contractors.

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