Blue Ridge Capital L.l.c. buys $298,739,140 stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Blue Ridge Capital L.l.c. scooped up 35,700 additional shares in HD Supply Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 8,286,800 shares of HD Supply Holdings Inc which is valued at $298,739,140.HD Supply Holdings Inc makes up approximately 3.57% of Blue Ridge Capital L.l.c.’s portfolio.

Other Hedge Funds, Including , Archford Capital Strategies added HDS to its portfolio by purchasing 1,670 company shares during the most recent quarter which is valued at $60,204. HD Supply Holdings Inc makes up approx 0.03% of Archford Capital Strategies’s portfolio. Mackenzie Financial Corp sold out all of its stake in HDS during the most recent quarter. The investment firm sold 430,000 shares of HDS which is valued $15,501,500.Baird Financial Group boosted its stake in HDS in the latest quarter, The investment management firm added 8,979 additional shares and now holds a total of 138,985 shares of HD Supply Holdings Inc which is valued at $5,010,409. HD Supply Holdings Inc makes up approx 0.04% of Baird Financial Group’s portfolio.Highland Capital Management reduced its stake in HDS by selling 1,266 shares or 7.84% in the most recent quarter. The Hedge Fund company now holds 14,884 shares of HDS which is valued at $538,652. HD Supply Holdings Inc makes up approx 0.04% of Highland Capital Management’s portfolio.

HD Supply Holdings Inc opened for trading at $36.28 and hit $36.49 on the upside on Thursday, eventually ending the session at $36.16, with a gain of 0.14% or 0.05 points. The heightened volatility saw the trading volume jump to 19,72,801 shares. Company has a market cap of $7,258 M.

On the company’s financial health, HD Supply Holdings Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.47. The company had revenue of $1844.00 million for the quarter, compared to analysts expectations of $1836.07 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. Macquarie Initiated HD Supply Holdings Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $42.HD Supply Holdings Inc was Resumed by Credit Suisse to “Outperform” on Jun 17, 2016. HD Supply Holdings Inc was Initiated by Longbow to “Buy” on Jun 2, 2016.

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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