Panagora Asset Management Inc. Buys 661,288 Shares of HD Supply Holdings Inc (HDS)

Panagora Asset Management Inc. boosted its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 25.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,292,688 shares of the industrial products company’s stock after acquiring an additional 661,288 shares during the quarter. Panagora Asset Management Inc. owned about 1.79% of HD Supply worth $140,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HDS. Guggenheim Capital LLC boosted its stake in HD Supply by 220.3% during the first quarter. Guggenheim Capital LLC now owns 17,314 shares of the industrial products company’s stock worth $657,000 after acquiring an additional 11,908 shares in the last quarter. Bank of Montreal Can bought a new position in HD Supply during the second quarter worth $2,297,000. Cornerstone Advisors Inc. bought a new position in HD Supply during the second quarter worth $141,000. Cornerstone Wealth Management LLC bought a new position in HD Supply during the second quarter worth $1,168,000. Finally, Acadian Asset Management LLC bought a new position in HD Supply during the second quarter worth $9,791,000. 99.35% of the stock is owned by institutional investors.

NASDAQ HDS opened at $38.21 on Monday. HD Supply Holdings Inc has a 52-week low of $34.49 and a 52-week high of $46.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31. The stock has a market cap of $7.02 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.83 and a beta of 1.44.

HD Supply (NASDAQ:HDS) last issued its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. On average, equities research analysts anticipate that HD Supply Holdings Inc will post 3.31 EPS for the current year.

In other HD Supply news, Director Jana Partners Llc sold 621,235 shares of the stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $42.37, for a total transaction of $26,321,726.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by company insiders.

A number of research analysts have weighed in on HDS shares. ValuEngine lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, November 8th. Gordon Haskett started coverage on shares of HD Supply in a research note on Friday, October 12th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group started coverage on shares of HD Supply in a research note on Friday, October 12th. They issued a “buy” rating and a $48.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.67.

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HD Supply Company Profile

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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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