Brant Point Investment Management Lowers stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Brant Point Investment Management reduced its stake in HD Supply Holdings Inc by 30.09% during the most recent quarter end. The investment management company now holds a total of 379,000 shares of HD Supply Holdings Inc which is valued at $13,662,950 after selling 163,100 shares in HD Supply Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.HD Supply Holdings Inc makes up approximately 2.45% of Brant Point Investment Management’s portfolio.

Other Hedge Funds, Including , Delphi Private Advisors added HDS to its portfolio by purchasing 34 company shares during the most recent quarter which is valued at $1,226.Cannell Peter B Co Inc reduced its stake in HDS by selling 1,013,475 shares or 51.48% in the most recent quarter. The Hedge Fund company now holds 955,140 shares of HDS which is valued at $34,432,797. HD Supply Holdings Inc makes up approx 1.20% of Cannell Peter B Co Inc’s portfolio.Airain Ltd reduced its stake in HDS by selling 141,802 shares or 50.03% in the most recent quarter. The Hedge Fund company now holds 141,648 shares of HDS which is valued at $5,046,918. HD Supply Holdings Inc makes up approx 0.29% of Airain Ltd’s portfolio.Capital Fund Management S.a. boosted its stake in HDS in the latest quarter, The investment management firm added 169,883 additional shares and now holds a total of 205,176 shares of HD Supply Holdings Inc which is valued at $7,474,562. HD Supply Holdings Inc makes up approx 0.13% of Capital Fund Management S.a.’s portfolio.Crestpoint Capital Management boosted its stake in HDS in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 8,700 shares of HD Supply Holdings Inc which is valued at $314,679. HD Supply Holdings Inc makes up approx 0.16% of Crestpoint Capital Management’s portfolio.

HD Supply Holdings Inc opened for trading at $35.62 and hit $36.61 on the upside on Monday, eventually ending the session at $36.43, with a gain of 2.33% or 0.83 points. The heightened volatility saw the trading volume jump to 16,04,324 shares. Company has a market cap of $7,312 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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