Koshinski Asset Management buys $2,628,554 stake in The Kroger Co (KR)

The Kroger Co (KR) : Koshinski Asset Management scooped up 480 additional shares in The Kroger Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 80,680 shares of The Kroger Co which is valued at $2,628,554.The Kroger Co makes up approximately 1.34% of Koshinski Asset Management’s portfolio.

Other Hedge Funds, Including , Westport Resources Management Inc reduced its stake in KR by selling 2,600 shares or 7.25% in the most recent quarter. The Hedge Fund company now holds 33,278 shares of KR which is valued at $1,084,197. The Kroger Co makes up approx 0.34% of Westport Resources Management Inc’s portfolio.California State Teachers Retirement System reduced its stake in KR by selling 66,969 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 2,015,996 shares of KR which is valued at $66,931,067. The Kroger Co makes up approx 0.14% of California State Teachers Retirement System’s portfolio. Smith Asset Management Group Lp sold out all of its stake in KR during the most recent quarter. The investment firm sold 2,247,924 shares of KR which is valued $79,958,657.Cornerstone Advisors reduced its stake in KR by selling 112 shares or 15.03% in the most recent quarter. The Hedge Fund company now holds 633 shares of KR which is valued at $22,516. The Kroger Co makes up approx 0.02% of Cornerstone Advisors’s portfolio.Farmers Trust Co reduced its stake in KR by selling 280 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 12,537 shares of KR which is valued at $451,081. The Kroger Co makes up approx 0.14% of Farmers Trust Co’s portfolio.

The Kroger Co opened for trading at $32.47 and hit $32.805 on the upside on Friday, eventually ending the session at $32.61, with a gain of 0.46% or 0.15 points. The heightened volatility saw the trading volume jump to 88,85,793 shares. Company has a market cap of $30,947 M.

On the company’s financial health, The Kroger Co reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.69. The company had revenue of $34604.00 million for the quarter, compared to analysts expectations of $34728.52 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on The Kroger Co. The Kroger Co was Upgraded by Goldman to ” Buy” on Jul 26, 2016.

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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