Omni Partners Llp buys $7,356,202 stake in Rite Aid Corporation (RAD)

Rite Aid Corporation (RAD) : Omni Partners Llp scooped up 956,927 additional shares in Rite Aid Corporation 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 1,013,251 shares of Rite Aid Corporation which is valued at $7,356,202.Rite Aid Corporation makes up approximately 2.43% of Omni Partners Llp’s portfolio.

Other Hedge Funds, Including , Telemetry Investments L.l.c. reduced its stake in RAD by selling 108,000 shares or 35.05% in the most recent quarter. The Hedge Fund company now holds 200,169 shares of RAD which is valued at $1,453,227. Rite Aid Corporation makes up approx 2.41% of Telemetry Investments L.l.c.’s portfolio.Investment Centers Of America Inc boosted its stake in RAD in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 24,900 shares of Rite Aid Corporation which is valued at $175,296. Rite Aid Corporation makes up approx 0.02% of Investment Centers Of America Inc’s portfolio.Cibc World Markets reduced its stake in RAD by selling 2,133 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 124,484 shares of RAD which is valued at $800,432. Cornerstone Wealth Management added RAD to its portfolio by purchasing 12,119 company shares during the most recent quarter which is valued at $78,895. Rite Aid Corporation makes up approx 0.03% of Cornerstone Wealth Management’s portfolio.

Rite Aid Corporation opened for trading at $7.68 and hit $7.74 on the upside on Monday, eventually ending the session at $7.67, with a gain of 0.79% or 0.06 points. The heightened volatility saw the trading volume jump to 82,42,450 shares. Company has a market cap of $8,070 M.

On the company’s financial health, Rite Aid Corporation reported $0.03 EPS for the quarter, based on the information available during the earnings call on Sep 22, 2016. Analyst had a consensus estimate of $0.03. The company had revenue of $8029.80 million for the quarter, compared to analysts expectations of $8165.07 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise which are referred to as front-end products. The Company’s drugstores’ primary business is pharmacy services. It operates approximately 4570 stores in 31 states across the country and in the District of Columbia. Its front-end products include over-the-counter medications health and beauty aids personal care items cosmetics household items food and beverages greeting cards seasonal merchandise and various other every day and convenience products. The Company offers a range of products through its portfolio of private brands. Its classes of products include prescription drugs over-the-counter medications and personal care health and beauty aids and general merchandise and other. It sells private brand and co-branded products. It operates under The Rite Aid name.

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