Clearline Capital Lp adds SUPERVALU (SVU) to its portfolio

SUPERVALU (SVU) : Clearline Capital Lp added new position in SUPERVALU during the most recent quarter end. The investment management firm now holds 5,046,854 shares of SUPERVALU which is valued at $26,395,046 , the company said in a statement filed on Nov 14, 2016 with the SEC.SUPERVALU makes up approximately 8.55% of Clearline Capital Lp’s portfolio.

Other Hedge Funds, Including , Wolverine Trading boosted its stake in SVU in the latest quarter, The investment management firm added 421 additional shares and now holds a total of 51,613 shares of SUPERVALU which is valued at $269,936. SUPERVALU makes up approx 0.02% of Wolverine Trading’s portfolio. Live Your Vision added SVU to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $77. Hourglass Capital added SVU to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $41,000. SUPERVALU makes up approx 0.01% of Hourglass Capital’s portfolio.Private Wealth Partners reduced its stake in SVU by selling 6,000 shares or 10.71% in the most recent quarter. The Hedge Fund company now holds 50,000 shares of SVU which is valued at $265,000. SUPERVALU makes up approx 0.06% of Private Wealth Partners’s portfolio.

SUPERVALU closed down -0.01 points or -0.22% at $4.64 with 34,37,384 shares getting traded on Monday. Post opening the session at $4.67, the shares hit an intraday low of $4.63 and an intraday high of $4.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, SUPERVALU reported $0.10 EPS for the quarter, based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus estimate of $0.10. The company had revenue of $3865.00 million for the quarter, compared to analysts expectations of $3937.27 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on SUPERVALU. Shares were Reiterated by Pivotal Research Group on Oct 20, 2016 to “Buy” and Lowered the Price Target to $ 7 from a previous price target of $8 .Shares were Reiterated by Telsey Advisory Group on Sep 9, 2016 to “Market Perform” and Lowered the Price Target to $ 5.50 from a previous price target of $6.50 .Shares were Reiterated by RBC Capital Mkts on Sep 9, 2016 to “Sector Perform” and Lowered the Price Target to $ 6 from a previous price target of $7 .

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company to which it provides wholesale distribution and Retail Food which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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