Townsquare Capital LLC Makes New $452,000 Investment in HD Supply Holdings Inc (NASDAQ:HDS)

Townsquare Capital LLC bought a new position in HD Supply Holdings Inc (NASDAQ:HDS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 11,526 shares of the industrial products company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of HD Supply by 194.4% during the second quarter. Victory Capital Management Inc. now owns 20,738 shares of the industrial products company’s stock worth $835,000 after purchasing an additional 13,693 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of HD Supply by 18.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 3,417,694 shares of the industrial products company’s stock worth $137,665,000 after purchasing an additional 523,757 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of HD Supply during the second quarter worth approximately $722,000. Cubist Systematic Strategies LLC boosted its holdings in shares of HD Supply by 16.5% during the second quarter. Cubist Systematic Strategies LLC now owns 157,316 shares of the industrial products company’s stock worth $6,337,000 after purchasing an additional 22,247 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of HD Supply during the second quarter worth approximately $323,000. Institutional investors own 97.93% of the company’s stock.

NASDAQ HDS traded up $1.34 during trading on Wednesday, reaching $39.26. The company’s stock had a trading volume of 170,742 shares, compared to its average volume of 1,644,810. The company has a current ratio of 2.05, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $6.48 billion, a PE ratio of 11.55, a PEG ratio of 0.67 and a beta of 1.11. The business has a 50-day moving average price of $38.68 and a 200-day moving average price of $41.30. HD Supply Holdings Inc has a 1-year low of $35.35 and a 1-year high of $47.13.



HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.08. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, analysts expect that HD Supply Holdings Inc will post 3.52 earnings per share for the current year.

HDS has been the subject of several research reports. Wells Fargo & Co raised their price target on shares of HD Supply from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday. BidaskClub upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Northcoast Research restated a “buy” rating on shares of HD Supply in a report on Wednesday, June 12th. Robert W. Baird cut shares of HD Supply from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $40.00 in a report on Wednesday, September 11th. Finally, SunTrust Banks raised their price target on shares of HD Supply to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.55.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of HD Supply stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total value of $29,903,859.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is owned by insiders.

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

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