Glenhill Advisors buys $46,936,591 stake in Smart & Final Stores Inc (SFS)

Smart & Final Stores Inc (SFS) : Glenhill Advisors scooped up 169,918 additional shares in Smart & Final Stores 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 3,347,831 shares of Smart & Final Stores Inc which is valued at $46,936,591.Smart & Final Stores Inc makes up approximately 3.22% of Glenhill Advisors’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in SFS in the latest quarter, The investment management firm added 2,446 additional shares and now holds a total of 7,347 shares of Smart & Final Stores Inc which is valued at $103,005.Tiaa Cref Investment Management reduced its stake in SFS by selling 47,487 shares or 39.14% in the most recent quarter. The Hedge Fund company now holds 73,826 shares of SFS which is valued at $1,035,041.Blackrock Investment Management boosted its stake in SFS in the latest quarter, The investment management firm added 1,637 additional shares and now holds a total of 127,680 shares of Smart & Final Stores Inc which is valued at $1,790,074.California State Teachers Retirement System reduced its stake in SFS by selling 2,920 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 48,488 shares of SFS which is valued at $706,955. Simplex Trading sold out all of its stake in SFS during the most recent quarter. The investment firm sold 1,132 shares of SFS which is valued $18,123.

Smart & Final Stores Inc closed down -0.08 points or -0.63% at $12.7 with 1,48,604 shares getting traded on Thursday. Post opening the session at $12.82, the shares hit an intraday low of $12.48 and an intraday high of $12.82 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Smart & Final Stores Inc reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.21. The company had revenue of $1038.28 million for the quarter, compared to analysts expectations of $1045.93 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Smart & Final Stores Inc. Smart & Final Stores Inc was Downgraded by Morgan Stanley to ” Underweight” on Aug 16, 2016.

Smart & Final Stores Inc. is a food retailer serving household and business customers through two store banners: Smart & Final and Cash & Carry. The Company operates through two business segments: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce California and includes as of December 28 2014 103 legacy Smart & Final stores and 98 Extra! format stores which focus on household and business customers and are located in California Arizona and Nevada. The Cash & Carry segment is based in Portland Oregon and includes as of December 28 2014 53 Cash & Carry stores which focus primarily on business customers and are located in Washington Oregon Northern California Idaho and Nevada.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Smart & Final Stores Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Smart & Final Stores Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.