UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in SpartanNash (NASDAQ:SPTN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of SpartanNash (NASDAQ:SPTN) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,427 shares of the company’s stock after selling 4,325 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of SpartanNash worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of SpartanNash by 5,317.6% in the second quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after buying an additional 1,808 shares in the last quarter. Nisa Investment Advisors LLC grew its position in SpartanNash by 753.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,576 shares of the company’s stock valued at $217,000 after acquiring an additional 10,219 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in SpartanNash by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 34,421 shares of the company’s stock worth $646,000 after purchasing an additional 752 shares during the period. Legato Capital Management LLC lifted its position in shares of SpartanNash by 11.2% during the second quarter. Legato Capital Management LLC now owns 45,073 shares of the company’s stock worth $846,000 after purchasing an additional 4,526 shares in the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of SpartanNash in the second quarter valued at approximately $492,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Stock Performance

Shares of SPTN opened at $19.41 on Wednesday. The stock has a market capitalization of $655.28 million, a P/E ratio of 14.60 and a beta of 0.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51. The company’s fifty day moving average is $20.04 and its two-hundred day moving average is $20.21.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. SpartanNash’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. On average, sell-side analysts predict that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Monday, December 9th. SpartanNash’s dividend payout ratio is currently 65.41%.

Analysts Set New Price Targets

Separately, StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.