Supervalu Inc. (SVU) Position Reduced by Royce & Associates LP

Royce & Associates LP decreased its stake in Supervalu Inc. (NYSE:SVU) by 70.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,729 shares of the company’s stock after selling 557,078 shares during the quarter. Royce & Associates LP’s holdings in Supervalu were worth $7,627,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Supervalu by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 293,999 shares of the company’s stock valued at $4,478,000 after acquiring an additional 6,974 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Supervalu in the 2nd quarter valued at approximately $184,000. Aperio Group LLC raised its stake in shares of Supervalu by 92.6% in the 2nd quarter. Aperio Group LLC now owns 30,517 shares of the company’s stock valued at $626,000 after acquiring an additional 14,675 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Supervalu by 11.5% in the 2nd quarter. Fiera Capital Corp now owns 19,460 shares of the company’s stock valued at $399,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. bought a new position in shares of Supervalu in the 2nd quarter valued at approximately $10,360,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SVU opened at $32.49 on Friday. Supervalu Inc. has a 12 month low of $13.60 and a 12 month high of $32.50.

Supervalu (NYSE:SVU) last issued its quarterly earnings results on Wednesday, October 17th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.59).

Separately, Zacks Investment Research raised Supervalu from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.06.

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Supervalu Profile

SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States and internationally. It operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.

See Also: Catch-Up Contributions

Institutional Ownership by Quarter for Supervalu (NYSE:SVU)

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