Perkins Capital Management Inc Lowers stake in SUPERVALU (SVU)

SUPERVALU (SVU) : Perkins Capital Management Inc reduced its stake in SUPERVALU by 1.51% during the most recent quarter end. The investment management company now holds a total of 260,150 shares of SUPERVALU which is valued at $1,357,983 after selling 4,000 shares in SUPERVALU , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.SUPERVALU makes up approximately 1.49% of Perkins Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in SVU during the most recent quarter. The investment firm sold 16,400 shares of SVU which is valued $87,084.Breton Hill Capital Ltd. boosted its stake in SVU in the latest quarter, The investment management firm added 32,998 additional shares and now holds a total of 188,909 shares of SUPERVALU which is valued at $1,004,996. SUPERVALU makes up approx 0.31% of Breton Hill Capital Ltd.’s portfolio.Gateway Investment Advisers boosted its stake in SVU in the latest quarter, The investment management firm added 35,883 additional shares and now holds a total of 105,447 shares of SUPERVALU which is valued at $560,978.

SUPERVALU opened for trading at $5.26 and hit $5.385 on the upside on Wednesday, eventually ending the session at $5.31, with a gain of 0.95% or 0.05 points. The heightened volatility saw the trading volume jump to 25,59,770 shares. Company has a market cap of $1,411 M.

On the company’s financial health, SUPERVALU reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.19. The company had revenue of $3946.00 million for the quarter, compared to analysts expectations of $3995.33 million. The company’s revenue was down -10.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

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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