Voloridge Investment Management buys $32,501,254 stake in The Kroger Co (KR)

The Kroger Co (KR) : Voloridge Investment Management scooped up 763,409 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 15, 2016. The investment management firm now holds a total of 997,583 shares of The Kroger Co which is valued at $32,501,254.The Kroger Co makes up approximately 0.90% of Voloridge Investment Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in KR in the latest quarter, The investment management firm added 1,844,851 additional shares and now holds a total of 3,896,019 shares of The Kroger Co which is valued at $126,932,299. The Kroger Co makes up approx 0.03% of Price T Rowe Associates Inc Md’s portfolio.Tcw Group Inc reduced its stake in KR by selling 4,558 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 69,950 shares of KR which is valued at $2,278,971. The Kroger Co makes up approx 0.02% of Tcw Group Inc’s portfolio.Raymond James Financial Services Advisors reduced its stake in KR by selling 3,596 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 125,098 shares of KR which is valued at $4,075,693. The Kroger Co makes up approx 0.04% of Raymond James Financial Services Advisors’s portfolio.

The Kroger Co closed down -0.03 points or -0.09% at $31.96 with 74,68,377 shares getting traded on Thursday. Post opening the session at $32.1, the shares hit an intraday low of $31.81 and an intraday high of $32.15 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. Shares were Reiterated by RBC Capital Mkts on Sep 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $39 .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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