Caxton Associates Lp buys $31,176,000 stake in The Kroger Co (KR)

The Kroger Co (KR) : Caxton Associates Lp scooped up 630,000 additional shares in The Kroger Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 900,000 shares of The Kroger Co which is valued at $31,176,000.The Kroger Co makes up approximately 1.78% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Numeric Investors added KR to its portfolio by purchasing 137,700 company shares during the most recent quarter which is valued at $4,769,928. The Kroger Co makes up approx 0.05% of Numeric Investors’s portfolio. Dixon Hubard Feinour Brown Incva sold out all of its stake in KR during the most recent quarter. The investment firm sold 135,990 shares of KR which is valued $4,391,117.Coconut Grove Bank reduced its stake in KR by selling 112 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 9,544 shares of KR which is valued at $295,100. The Kroger Co makes up approx 0.26% of Coconut Grove Bank’s portfolio.Palouse Capital Management boosted its stake in KR in the latest quarter, The investment management firm added 17,568 additional shares and now holds a total of 79,183 shares of The Kroger Co which is valued at $2,551,276. The Kroger Co makes up approx 1.11% of Palouse Capital Management’s portfolio.Sawgrass Asset Management reduced its stake in KR by selling 671,006 shares or 49.08% in the most recent quarter. The Hedge Fund company now holds 696,129 shares of KR which is valued at $21,566,076. The Kroger Co makes up approx 1.03% of Sawgrass Asset Management’s portfolio.

The Kroger Co closed down -0.07 points or -0.21% at $33.45 with 53,40,260 shares getting traded on Monday. Post opening the session at $33.51, the shares hit an intraday low of $33.23 and an intraday high of $33.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, The Kroger Co reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Sep 9, 2016. Analyst had a consensus of $0.45. The company had revenue of $26565.00 million for the quarter, compared to analysts expectations of $26719.72 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on The Kroger Co. Shares were Reiterated by Telsey Advisory Group on Sep 12, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $46 .Shares were Reiterated by RBC Capital Mkts on Sep 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $39 .

The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.

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