Miller Value Partners LLC Has $762,000 Holdings in Supervalu Inc. (SVU)
Miller Value Partners LLC grew its holdings in shares of Supervalu Inc. (NYSE:SVU) by 4.4% in the second quarter, HoldingsChannel.com reports. The fund owned 37,141 shares of the company’s stock after buying an additional 1,565 shares during the period. Miller Value Partners LLC’s holdings in Supervalu were worth $762,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in SVU. Dimensional Fund Advisors LP boosted its position in Supervalu by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,141,292 shares of the company’s stock worth $64,459,000 after acquiring an additional 1,076,702 shares during the period. Russell Investments Group Ltd. boosted its position in Supervalu by 130.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,803,582 shares of the company’s stock worth $27,468,000 after acquiring an additional 1,020,339 shares during the period. Scopus Asset Management L.P. boosted its position in Supervalu by 67.1% during the 1st quarter. Scopus Asset Management L.P. now owns 1,420,000 shares of the company’s stock worth $21,627,000 after acquiring an additional 570,000 shares during the period. Cannell Peter B & Co. Inc. acquired a new position in Supervalu during the 2nd quarter worth $10,360,000. Finally, BlackRock Inc. boosted its position in Supervalu by 9.4% during the 2nd quarter. BlackRock Inc. now owns 5,408,794 shares of the company’s stock worth $110,988,000 after acquiring an additional 463,717 shares during the period. Institutional investors own 92.20% of the company’s stock.
Shares of Supervalu stock opened at $32.23 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 1.24 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $1.24 billion, a PE ratio of 21.34 and a beta of 1.26. Supervalu Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $32.40.
SVU has been the subject of a number of analyst reports. Wells Fargo & Co reiterated a “market perform” rating and set a $33.00 price target on shares of Supervalu in a research report on Monday, August 6th. Credit Suisse Group upgraded Supervalu from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $16.00 to $32.50 in a research report on Friday, July 27th. Pivotal Research reiterated a “hold” rating and set a $26.00 price target on shares of Supervalu in a research report on Wednesday, July 25th. Telsey Advisory Group boosted their price target on Supervalu from $18.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 24th. Finally, ValuEngine upgraded Supervalu from a “strong sell” rating to a “sell” rating in a report on Thursday, May 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.06.
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.
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