Telemetry Investments L.l.c. buys $2,326,676 stake in Rite Aid Corporation (RAD)

Rite Aid Corporation (RAD) : Telemetry Investments L.l.c. scooped up 25,000 additional shares in Rite Aid Corporation 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 308,169 shares of Rite Aid Corporation which is valued at $2,326,676.Rite Aid Corporation makes up approximately 4.07% of Telemetry Investments L.l.c.’s portfolio.

Other Hedge Funds, Including , Paulson added RAD to its portfolio by purchasing 263,500 company shares during the most recent quarter which is valued at $1,989,425. Rite Aid Corporation makes up approx 0.01% of Paulson’s portfolio. Columbia Partners L L C Investment Management sold out all of its stake in RAD during the most recent quarter. The investment firm sold 89,900 shares of RAD which is valued $678,745. Nippon Life Insurance Co sold out all of its stake in RAD during the most recent quarter. The investment firm sold 46,012 shares of RAD which is valued $321,164. Fny Managed Accounts added RAD to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $69,700. Rite Aid Corporation makes up approx 0.07% of Fny Managed Accounts’s portfolio.

Rite Aid Corporation opened for trading at $7.57 and hit $7.575 on the upside on Thursday, eventually ending the session at $7.54, with a gain of 0.13% or 0.01 points. The heightened volatility saw the trading volume jump to 35,36,276 shares. Company has a market cap of $7,909 M.

On the company’s financial health, Rite Aid Corporation reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jun 16, 2016. Analyst had a consensus of $0.04. The company had revenue of $8184.20 million for the quarter, compared to analysts expectations of $8200.56 million. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 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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