Corsair Capital Management Lowers stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Corsair Capital Management reduced its stake in HD Supply Holdings Inc by 19.17% during the most recent quarter end. The investment management company now holds a total of 649,818 shares of HD Supply Holdings Inc which is valued at $23,477,924 after selling 154,121 shares in HD Supply Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.HD Supply Holdings Inc makes up approximately 3.49% of Corsair Capital Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. reduced its stake in HDS by selling 15,103 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 144,709 shares of HDS which is valued at $5,228,336. HD Supply Holdings Inc makes up approx 0.04% of Bnp Paribas Investment Partners S.a.’s portfolio.Palisade Capital Managementnj reduced its stake in HDS by selling 261,225 shares or 93.02% in the most recent quarter. The Hedge Fund company now holds 19,590 shares of HDS which is valued at $692,115. HD Supply Holdings Inc makes up approx 0.03% of Palisade Capital Managementnj’s portfolio. Proficio Capital Partners added HDS to its portfolio by purchasing 390 company shares during the most recent quarter which is valued at $14,114. HD Supply Holdings Inc makes up approx 0.01% of Proficio Capital Partners’s portfolio.Nordea Investment Management Ab boosted its stake in HDS in the latest quarter, The investment management firm added 11,940 additional shares and now holds a total of 17,199 shares of HD Supply Holdings Inc which is valued at $622,432. Copper Rock Capital Partners added HDS to its portfolio by purchasing 11,603 company shares during the most recent quarter which is valued at $419,913. HD Supply Holdings Inc makes up approx 0.03% of Copper Rock Capital Partners’s portfolio.

HD Supply Holdings Inc opened for trading at $36.25 and hit $36.74 on the upside on Monday, eventually ending the session at $36.65, with a gain of 1.66% or 0.6 points. The heightened volatility saw the trading volume jump to 11,03,232 shares. Company has a market cap of $7,356 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. 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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