BlackRock Inc. Purchases 223,254 Shares of Supervalu Inc.

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BlackRock Inc. lifted its holdings in shares of Supervalu Inc. (NYSE:SVU) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,632,048 shares of the company’s stock after acquiring an additional 223,254 shares during the quarter. BlackRock Inc.’s holdings in Supervalu were worth $181,464,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL bought a new position in shares of Supervalu in the third quarter worth $353,000. Engine Capital Management LP purchased a new position in Supervalu in the 2nd quarter worth approximately $289,000. Aperio Group LLC raised its holdings in Supervalu by 92.6% in the 2nd quarter. Aperio Group LLC now owns 30,517 shares of the company’s stock worth $626,000 after acquiring an additional 14,675 shares during the last quarter. Havens Advisors LLC purchased a new position in Supervalu in the 3rd quarter worth approximately $1,089,000. Finally, Mint Tower Capital Management B.V. purchased a new position in Supervalu in the 3rd quarter worth approximately $1,128,000. 92.00% of the stock is owned by institutional investors.

Separately, Zacks investment research upgraded shares of Supervalu from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 4th. One investment analyst has 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 presently has an average rating of “Hold” and an average target price of $25.06.

Supervalu Inc. has a 12 month low of $13.60 and a 12 month high of $32.50.

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

Supervalu Company 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.

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