Water Asset Management Lowers stake in HD Supply Holdings Inc (HDS)

HD Supply Holdings Inc (HDS) : Water Asset Management reduced its stake in HD Supply Holdings Inc by 16.7% during the most recent quarter end. The investment management company now holds a total of 212,326 shares of HD Supply Holdings Inc which is valued at $7,654,352 after selling 42,578 shares in HD Supply Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.HD Supply Holdings Inc makes up approximately 6.25% of Water Asset Management’s portfolio.

Other Hedge Funds, Including , Samlyn Capital reduced its stake in HDS by selling 1,394,700 shares or 64.13% in the most recent quarter. The Hedge Fund company now holds 780,000 shares of HDS which is valued at $28,119,000. HD Supply Holdings Inc makes up approx 0.68% of Samlyn Capital’s portfolio.Oppenheimer Co Inc boosted its stake in HDS in the latest quarter, The investment management firm added 71,560 additional shares and now holds a total of 94,358 shares of HD Supply Holdings Inc which is valued at $3,409,155. HD Supply Holdings Inc makes up approx 0.10% of Oppenheimer Co Inc’s portfolio. Rail-splitter Capital Management added HDS to its portfolio by purchasing 432,978 company shares during the most recent quarter which is valued at $15,297,113. HD Supply Holdings Inc makes up approx 3.55% of Rail-splitter Capital Management’s portfolio. Copper Rock Capital Partners added HDS to its portfolio by purchasing 11,603 company shares during the most recent quarter which is valued at $419,913. HD Supply Holdings Inc makes up approx 0.03% of Copper Rock Capital Partners’s portfolio.

HD Supply Holdings Inc opened for trading at $36.28 and hit $36.49 on the upside on Thursday, eventually ending the session at $36.16, with a gain of 0.14% or 0.05 points. The heightened volatility saw the trading volume jump to 19,72,801 shares. Company has a market cap of $7,258 M.

On the company’s financial health, HD Supply Holdings Inc reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $0.87. The company had revenue of $2016.00 million for the quarter, compared to analysts expectations of $2031.49 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. Macquarie Initiated HD Supply Holdings Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $42.HD Supply Holdings Inc was Resumed by Credit Suisse to “Outperform” on Jun 17, 2016. HD Supply Holdings Inc was Initiated by Longbow to “Buy” on Jun 2, 2016.

HD Supply Holdings Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance Waterworks Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance repair and operations (MRO) products provides value-add services and fabricates custom products. Waterworks distributes water and wastewater transmission products serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Power Solutions distributes electrical transmission and distribution products power plant MRO supplies and smart-grid products and arranges materials management and procurement outsourcing for the power generation and distribution industries. Construction & Industrial-White Cap distributes specialized hardware tools engineered materials and safety products to non-residential and residential contractors.

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