Quantitative Systematic Strategies LLC Sells 27,875 Shares of HD Supply Holdings Inc (HDS)
Quantitative Systematic Strategies LLC lowered its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 37.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,308 shares of the industrial products company’s stock after selling 27,875 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in HD Supply were worth $2,051,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in HDS. Ledyard National Bank acquired a new stake in HD Supply in the fourth quarter worth about $28,000. Penserra Capital Management LLC boosted its holdings in HD Supply by 58.4% in the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 348 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in HD Supply by 46.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 309 shares during the last quarter. Taylor Hoffman Wealth Management bought a new position in HD Supply in the fourth quarter valued at about $37,000. Finally, Truewealth LLC boosted its holdings in HD Supply by 55.1% in the fourth quarter. Truewealth LLC now owns 1,273 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 452 shares during the last quarter. Institutional investors own 98.48% of the company’s stock.
HDS traded down $0.48 on Monday, reaching $44.20. The stock had a trading volume of 847,381 shares, compared to its average volume of 1,560,218. HD Supply Holdings Inc has a 12-month low of $35.35 and a 12-month high of $46.29. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.13. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.80 and a beta of 1.25.
A number of equities research analysts have recently commented on the company. Barclays dropped their price target on HD Supply from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, December 17th. Buckingham Research began coverage on HD Supply in a report on Thursday, December 20th. They issued a “buy” rating and a $44.00 price target for the company. Robert W. Baird raised HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price target for the company in a report on Friday, January 25th. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $46.50.
In other news, CFO Evan Levitt sold 1,500 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $44.70, for a total value of $67,050.00. Following the completion of the transaction, the chief financial officer now owns 35,961 shares in the company, valued at approximately $1,607,456.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.
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About HD Supply
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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