Ladenburg Thalmann Financial Services Inc. Raises Stake in HD Supply Holdings Inc (NASDAQ:HDS)

Ladenburg Thalmann Financial Services Inc. lifted its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 112.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,386 shares of the industrial products company’s stock after buying an additional 3,385 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in HD Supply were worth $259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDS. Eqis Capital Management Inc. grew its holdings in HD Supply by 4.8% in the second quarter. Eqis Capital Management Inc. now owns 6,951 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 318 shares during the period. Pearl River Capital LLC grew its holdings in HD Supply by 18.4% in the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 368 shares during the period. Oppenheimer & Co. Inc. grew its holdings in HD Supply by 4.7% in the second quarter. Oppenheimer & Co. Inc. now owns 9,405 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 424 shares during the period. Comerica Bank grew its holdings in HD Supply by 7.3% in the second quarter. Comerica Bank now owns 7,042 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 477 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in HD Supply by 1.6% in the second quarter. State of Alaska Department of Revenue now owns 32,822 shares of the industrial products company’s stock valued at $1,321,000 after purchasing an additional 515 shares during the period. Institutional investors and hedge funds own 98.12% of the company’s stock.

In other news, Director Lauren Taylor Wolfe bought 600,000 shares of HD Supply stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $38.55 per share, with a total value of $23,130,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.89% of the company’s stock.

HDS opened at $39.74 on Friday. The company has a 50 day moving average of $39.01 and a two-hundred day moving average of $40.82. HD Supply Holdings Inc has a 52-week low of $35.35 and a 52-week high of $47.13. The company has a quick ratio of 1.10, a current ratio of 2.05 and a debt-to-equity ratio of 1.66. The company has a market cap of $6.60 billion, a P/E ratio of 10.98, a P/E/G ratio of 0.69 and a beta of 1.11.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts anticipate that HD Supply Holdings Inc will post 3.51 earnings per share for the current year.

Several research firms have issued reports on HDS. Barclays downgraded shares of HD Supply from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $44.00 to $42.00 in a research note on Thursday, September 26th. ValuEngine downgraded shares of HD Supply from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Royal Bank of Canada decreased their price objective on shares of HD Supply to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 11th. SunTrust Banks boosted their price objective on shares of HD Supply to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of HD Supply from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.82.

HD Supply 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 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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