Digging Up the Facts on Rite Aid Corporation (RAD)
- Author: Carolyn Briggs May 31, 2017,
May 31, 2017, 20:02
The Hamilton Lane Advisors Llc holds 17,091 shares with $1.35 million value, down from 48,481 last quarter. Foot Locker Inc now has $7.82B valuation. Commerzbank Aktiengesellschaft FI increased its position in shares of Rite Aid by 8.6% in the first quarter. Polar Securities Inc sold 275,000 shares as Rite Aid Corp (RAD)'s stock declined 41.75%. Pyrrho Cap Mngmt LP stated it has 136,000 shares. The stock's price is floating in a range of $3.55 and $3.67 whereas, it's 52-week High Price is $8.77 with respect to its 52-week Low Price of $3.32. (RAD) traded down 3.00% on Tuesday, reaching $3.56.
The average 1-year price target for Rite Aid Corporation (NYSE:RAD) - averaging the work of different analysts - reveals a mean PT of $6.5/share. It has underperformed by 71.88% the S&P500.
The collective rating of 2.6 for Rite Aid Corporation (RAD) also leans strongly towards the neutral end of the spectrum. They expect $-0.01 earnings per share, down 200.00% or $0.02 from last year's $0.01 per share.
First New York Securities Llc decreased Fiat Chrysler Automobiles N V Cmn stake by 270,800 shares to 4,200 valued at $38,000 in 2016Q4. Hilton Cap Mngmt Ltd Liability Co owns 85,000 shares or 0.15% of their U.S. portfolio. Double Eagle Acquisition Cor was raised too. Therefore 36% are positive. Finally, Credit Suisse Group AG reissued an "outperform" rating and set a $6.50 target price on shares of Rite Aid in a research note on Monday, March 20th.
Rite Aid Corporation (NYSE:RAD) reached 4.22% versus a 1-year low price of $3.32. Citigroup Inc has invested 0% in Rite Aid Corporation (NYSE:RAD). The firm has "Buy" rating given on Thursday, August 6 by Vetr. Guggenheim downgraded the stock to "Neutral" rating in Wednesday, April 26 report.
The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The mean target of $6.50 should be compared with the price when the stock was languishing around $3.32 a share. The firm has "Overweight" rating given on Wednesday, September 16 by JP Morgan. Vetr upgraded the shares of RAD in report on Wednesday, August 19 to "Buy" rating. As per Thursday, August 6, the company rating was downgraded by Vetr.
When markets become very volatile, this may point to a change in investor sentiment. Its down 0.26, from 1.18 in 2016Q3.
Several other hedge funds also recently added to or reduced their stakes in RAD.
State of New Jersey Common Pension Fund D increased its stake in shares of Rite Aid Co. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported. The Spinnaker Trust holds 48,018 shares with $2.44M value, up from 3,871 last quarter. Jefferies upgraded the shares of SXL in report on Thursday, January 12 to "Buy" rating. Macquarie Grp Inc Limited, Australia-based fund reported 22,300 shares. Kcg Hldgs Incorporated owns 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 66,739 shares. Oakbrook Investments Limited Liability owns 11,300 shares.
The firm believes that as we approach Walgreens' self-imposed deadline for completing its pending Rite Aid Corp. Ancora holds 0.02% or 31,800 shares. Boston Private Wealth Limited Liability Com stated it has 359,985 shares.
Tig Advisors Llc, which manages about $3.62B and $1.39 billion US Long portfolio, decreased its stake in Alere Inc (Call) (NYSE:ALR) by 1.99M shares to 85,200 shares, valued at $3.32M in 2016Q4, according to the filing. Vanguard Grp accumulated 81.01 million shares. The institutional investor owned 78,756 shares of the company's stock after selling 1 shares during the period. Earnest Prtnrs Ltd Liability Co has 487 shares. Whittier Tru Communications Of Nevada owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 5,607 shares.
Since January 3, 2017, it had 1 buying transaction, and 8 sales for $44.61 million activity.