As Spartannash Co. (SPTN) Share Value Declined, Holder Private Capital Management LLC Has Lowered Holding

SpartanNash Company (NASDAQ:SPTN) LogoInvestors sentiment increased to 1.86 in Q2 2019. Its up 0.41, from 1.45 in 2019Q1. It is positive, as 12 investors sold SPTN shares while 38 reduced holdings. 29 funds opened positions while 64 raised stakes. 29.54 million shares or 0.13% less from 29.58 million shares in 2019Q1 were reported. Globeflex Lp invested in 0.04% or 17,158 shares. California-based Charles Schwab Mngmt Inc has invested 0% in SpartanNash Company (NASDAQ:SPTN). Riverhead Limited Liability, Delaware-based fund reported 5,585 shares. Acadian Asset Mngmt Lc has 76,415 shares for 0% of their portfolio. Martingale Asset Management LP has 0.01% invested in SpartanNash Company (NASDAQ:SPTN). Geode Capital Ltd Liability reported 477,788 shares. Manitoba – Canada-based Great West Life Assurance Commerce Can has invested 0% in SpartanNash Company (NASDAQ:SPTN). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 2,124 shares. Metropolitan Life Insurance Ny accumulated 0% or 11,936 shares. Legal And General Gp Public Ltd Co holds 0% or 114,064 shares. New York State Teachers Retirement Systems reported 89,404 shares stake. Huntington Bancshares invested 0% in SpartanNash Company (NASDAQ:SPTN). 775,376 are owned by Ameriprise Fincl. Louisiana State Employees Retirement Sys has 13,500 shares for 0.01% of their portfolio. Qs Investors Ltd Liability Company has invested 0.01% in SpartanNash Company (NASDAQ:SPTN).

Private Capital Management Llc decreased its stake in Spartannash Co. (SPTN) by 72.01% based on its latest 2019Q2 regulatory filing with the SEC. Private Capital Management Llc sold 856,178 shares as the company’s stock declined 24.81% . The institutional investor held 332,813 shares of the food distributors company at the end of 2019Q2, valued at $3.88 million, down from 1.19 million at the end of the previous reported quarter. Private Capital Management Llc who had been investing in Spartannash Co. for a number of months, seems to be less bullish one the $436.38M market cap company. The stock increased 1.78% or $0.21 during the last trading session, reaching $12.01. About 209,236 shares traded. SpartanNash Company (NASDAQ:SPTN) has declined 50.67% since September 13, 2018 and is downtrending. It has underperformed by 50.67% the S&P500.

Private Capital Management Llc, which manages about $900.00 million and $674.10 million US Long portfolio, upped its stake in Ecn Capital Corporation by 5.12 million shares to 8.42 million shares, valued at $26.95 million in 2019Q2, according to the filing. It also increased its holding in Information Services Group (NASDAQ:III) by 1.09 million shares in the quarter, for a total of 5.66M shares, and has risen its stake in Target Hospitality Corp..

Analysts await SpartanNash Company (NASDAQ:SPTN) to report earnings on November, 6. They expect $0.39 EPS, down 22.00 % or $0.11 from last year’s $0.5 per share. SPTN’s profit will be $14.17M for 7.70 P/E if the $0.39 EPS becomes a reality. After $0.34 actual EPS reported by SpartanNash Company for the previous quarter, Wall Street now forecasts 14.71 % EPS growth.

More notable recent SpartanNash Company (NASDAQ:SPTN) news were published by: Schaeffersresearch.com which released: “Barclays Downgrades Weigh on 2 Grocery Stocks – Schaeffers Research” on March 12, 2019, also Nasdaq.com with their article: “After-Hours Earnings Report for August 14, 2019 : CSCO, A, CGC, NTAP, CACI, PRSP, VIPS, JE, SPTN, CATS, SMTS, HROW – Nasdaq” published on August 14, 2019, Nasdaq.com published: “Spartan Stores (SPTN) Q2 Earnings Match Estimates – Nasdaq” on August 14, 2019. More interesting news about SpartanNash Company (NASDAQ:SPTN) were released by: Seekingalpha.com and their article: “SpartanNash -3% after EBITDA drop – Seeking Alpha” published on May 20, 2019 as well as Seekingalpha.com‘s news article titled: “SpartanNash Is Close To Becoming An Appealing Value Play – Seeking Alpha” with publication date: August 07, 2019.

SpartanNash Company (NASDAQ:SPTN) Ratings Coverage

Among 3 analysts covering SpartanNash (NASDAQ:SPTN), 1 have Buy rating, 2 Sell and 0 Hold. Therefore 33% are positive. SpartanNash has $1500 highest and $800 lowest target. $10.33’s average target is -13.99% below currents $12.01 stock price. SpartanNash had 5 analyst reports since May 24, 2019 according to SRatingsIntel. The stock of SpartanNash Company (NASDAQ:SPTN) has “Underperform” rating given on Friday, August 2 by BMO Capital Markets. The firm has “Underweight” rating by Barclays Capital given on Tuesday, August 13.

SpartanNash Company (NASDAQ:SPTN) Ratings Chart

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